Europe hit with huge carbon credit theft, but no one in the media seems to care
The DC Examiner rolled out a great editorial today on how the EPA doles out billions in grants every year, some of it off to China (from which we're borrowing quite a bit these days) and to Ethiopia to basically prop up the practice of turning our food into ethanol. At the end, the editorial drops this bomb:
Even more puzzling is the $150,000 EPA's Office of Enforcement and Compliance Assurance gave last year to Interpol, described by the agency as an "international criminal police organization." As the Heritage Foundation's Robert Gordon notes, EPA describes the grant's purpose in part as "support of a climate change project which will ensure that markets operate properly, and that fraud is detected promptly with regard to carbon trading. ..." Translated, EPA is giving federal funds to Interpol to help it investigate the massive fraud that has plagued the European cap-and-trade program, including most recently the digital theft of $70 million in carbon credits.
That's not a small theft. It happened back in January. Why has there been basically no mainstream media follow-up on this? They're taking the time to slog through Sarah Palin's old emails today. No love for secure carbon credit markets -- what's up with that? Could it be because the theft undermines the kind of programs that the left wants to impose on our own economy?