President Obama pledged $3 billion in U.S. taxpayer money to the UNs Green Climate Fund. The UN intends to use this fund to redistribute TRILLIONS. We warned you. Share the facts at CFACT.org: cfact.org/…/…/uns-green-climate-fund-to-cost-you/ Green Climate Fund meetings have been taking place behind closed doors with little oversight. Once serious funding arrives there is real danger the Fund will deteriorate from its best case scenario — which is a massive waster of funds without measurable benefit, into a massively wasteful UN slush fund. Climate campaigners and developing nations want the Fund to be financed by direct transfers of taxpayer dollars from developed world economies. They demand this in the name of equity — a way for developed nations to pay for the sin of having undergone the industrial revolution. The U.S. and other developed nations prefer to finance the Fund more through private finance. The Fund would likely then become a vehicle for further “green investment” exporting the Solyndra model to the developing world. Nonviable projects will be created, produce no benefits, often go bust, but always a politically favored few will grow rich. Huge numbers are in play. Already $100 billion per year is being called inadequate. $400 billion could be the new number with $1.5 trillion per year being estimated as the combined cost of mitigation and adaptation. Redistribute $ trillions through the UN? How much will fall off the table? How much harm will be done?
Posted on: Sat, 15 Nov 2014 19:53:43 +0000
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