Tuesday, September 30, 2008

Uptick in the Fart Mist Markets

I'm so sick of this global fart mist being blown our way.

See
: Boston Globe Admits Global Cooling... in a Brief!

"Greenhouse gas program gains $13.3m from auction

Massachusetts netted $13.3 million from a regional auction of allowances intended to help it and nine other states reduce carbon dioxide emissions by power plants, state officials said. The money will be used to fund energy efficiency programs. The state collective, known as the Regional Greenhouse Gas Initiative, hosted the auction Thursday. Power plants in the region are required to obtain an allowance for each ton of carbon dioxide they emit, or find ways to reduce such pollution, as part of an environmental program that caps carbon dioxide emissions. Fifty-nine bidders from the energy, financial, and environmental sectors vied for more than 12.5 million allowances, which ultimately sold for $3.07 apiece. More allowances will be auctioned in December, and on a quarterly basis thereafter (Boston Globe)."

Making money from nothing, and the farts are free....