Cash For Climate Change Goes Missing

Even as the Climategate scandal threatens to unravel the cloak of respectability of Anthropogenic Global Warming [AGW] amid revelations of scientific fraud, deliberate suppression of contradictory scientific data and the destruction of evidence to prevent inquiry, it has now come to light that as much as $2.7 billion promised to aid poor nations combat the ravages of climate change has gone missing.

In 2001, twenty industrialized nations met in Bonn, Germany, arriving at a declaration promising to deposit $410 million per year into two special United Nations funds, The Least Developed Countries Fund and the Special Climate Change Fund.  At the same time several bank accounts were created to launder the funds from wealthy nations into the hands of poor underdeveloped nations.

To date, according to the United Nations, a total of $260 million has made its way into the two United Nations funds. “There have been promises which have not been fully materialized — there is an issue of trust,” said United Nations  Secretary General Ban Ki-moon.

The twenty industrialized nations; The European Union, Canada, Switzerland, Norway, Iceland and New Zealand have deposited a total of $155 million into the Least Developed Countries Fund, and a total of $18.6 million into the Special  Climate Change Fund.

The Bonn Declaration came about when it appeared that the Kyoto protocols of 1998 were about to fall apart due to the developing nations reluctance to sign onto an economic death warrant.

According to Artur Runge-Metzger, the EU’s chief climate change negotiator, the developed nations never promised to put all of the money into the two United Nations funds, but instead spent some of the cash in “bilateral and multilateral” ways.

“We can say we met the promise, climate finance has really been stepped up,” he claimed.  He did, however, admit that the EU cannot account for where the money was spend, only that they have met their promise.  “It’s sometimes very hard to say what is the climate bit of this financing,” he added.

So far this week, we have the scientists of AGW having been proven to have defrauded the public on the science of climate change, and now the governments who claim to support climate change measures stiffing the poor nations who hope to profit from the entire scam.

Pass the popcorn.

No related posts.