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Congressmembers Implicated in Insider Stock Trading on TransCanada, Keystone XL Pipeline

When it comes to TransCanada Corporation's Keystone XL pipeline approval process, corruption has been rampant, as well covered by DeSmogBlog as it unfolded. The Keystone XL pipeline, currently in limbo, would carry tar sands crude — a thick and dirty fossil fuel called bitumen — from the Alberta tar sands through the heartland region and eventually down to Port Arthur, Texas, to be refined and placed on the global export market.

This week, a new layer of corruption was revealed by Sunlight Foundation Reporting Group, this one involving insider trading of TransCanada's stocks by four members of Congress, as well as by U.S. Ambassador to the United Nations, Susan Rice.

The politicians implicated and amount of money they invested in stock are as follows, according to Sunlight Foundation Reporting Group:

  • "Rep. Michael McCaul, R-Texas, reported in his 2010 financial disclosure form—the most recent available, filed on May 15, 2011—that he owned Transcanada stock worth between $115,002 and $300,000 (financial disclosure forms ask members to report their assets within broad ranges)."
  • "Sen. Thad Cochran, R-Miss., reported owning between $15,001 and $51,000 in TransCanada stock in his 2010 financial disclosure; according to his office, the ranking member of the Senate Appropriations Committee sold his stock on January 5, 2011."
  • "Rep. Judy Biggert, R-Ill., has held Trans Canada stock since 2004; her most recent disclsosure shows she owns a stake in the company worth between $1,001 and $15,000."
  • "Rep. Carolyn McCarthy, D-N.Y.…reported a $798 interest in Trans Canada."
  • "U.S. Ambassador to the UN, Susan E. Rice filed that she owned between $250,001 and $500,000 of TransCanada stock."

Read more: Congressmembers Implicated in Insider Stock Trading on TransCanada, Keystone XL Pipeline



Climate Denier Marc Morano Praises "George W. Obama" at COP17

If the jury was still out on President Barack Obama's climate policy accolades (a huge "if"), consider the verdict now in, and from a surprising character at that: Marc Morano.

Morano jubilantly referred to the President as "George W. Obama" in an interview with Democracy Nowhost Amy Goodman at COP17, stating: 

They [the Obama administration] have kept the exact same principles and negotiating stance as President George Bush did for eight years. Obama has carried on Bush’s legacy. So as skeptics, we tip our hat to President Obama in helping to crush and continuing to defeat the United Nations process. Obama has been a great friend of global warming skeptics at these conferences.

Watch:


Read more: Climate Denier Marc Morano Praises "George W. Obama" at COP17



Canada Already on Track to be Fossil of the Year in Cancun; Cleans up on Day One of the Talks

Canada is off to an impressive start at the United Nations Climate Change Conference in Cancun, if what you’re measuring is climate inaction and environmental embarrassment. 

Today, at the first set of the Fossil of the Day awards, Canada took home not one, or two, but all three of the awards.  The dubious ‘honour’ is voted on by an international coalition of than 400 leading international environmental organizations, including Greenpeace, who vote on the countries that performed the worst during the past day’s negotiations.  Turns out if you are really committed to climate inaction, fail to have any plan to meet already weak targets for reducing greenhouse gas emissions, defeat a climate change bill that was already passed in your House of Commons by holding a snap vote by an unelected Senate after no debate, and are complicit in trying to weaken climate policy outside of your own national borders, you can win all three of the humiliating prizes. 

The gentleman accepting the shameful awards on behalf of Canada hopped from podium step to podium step, barely able to juggle his armful of awards.  Looks like Canada can clean up humiliating awards, but can’t clean up its act.

In the next two weeks, we’ll see if Canada will take home the Fossil of the Year for the forth year in a row.  From the look of things now, we might as well preemptively cue the Jurassic Park theme music. 

Watch this hilarious video to see Canada’s flagrant lack of commitment to climate change policy given its due recognition.  We can only hope that history does not repeat itself once more.  Prove us wrong, will you Mr. Baird? 


Read more: Canada Already on Track to be Fossil of the Year in Cancun; Cleans up on Day One of the Talks



CO2 Speaker's Corner Makes Atmospheric CO2 Data Accessible

 

Atmospheric greenhouse gases are a bit of an abstraction. We can’t see them, we can’t smell them, and we can’t immediately tell when there is a change in concentration.

The site CO2Now is trying to change that by showing current data for atmospheric CO2 and helping people understand the relationship between current trends of rising CO2 levels and the effects of climate change. “The site puts atmospheric CO2 out in front where it needs to be,” says website founder Michael McGee. “It’s a simple thing that no other website is doing. I started posting atmospheric CO2 data in December 2007 when I realized it was a way I could add value to the climate conversation.”

 

The site also helps explain the factors that effect climate, the relationship between climate and weather and the effects of climate change like ocean acidification and reductions in global land ice. “Atmospheric CO2 is a big picture metric that hardly gets talked about outside of scientific circles,” adds McGee. “CO2Now.org was created so anyone on the internet can see the changes in the atmosphere as they happen. It presents the trend information so people can see whether or not we are doing enough to end global warming.”


Read more: CO2 Speaker's Corner Makes Atmospheric CO2 Data Accessible



Solutions: Switch to faucet fuel from fossil fuel to stop global warming

Is it possible that amidst all the bogus claims, political controversy and foul cries about looming economic destruction, there’s actually a simple solution to the ravages of climate change?

A prominent Canadian engineer and scientist believes the solution – not just any solution but the only solution – rests within a tiny cell we ingest every day. And it can eliminate both carbon emissions and world conflict over oil supplies while saving the planet from global warming.

So pour yourself a glass of water and read on.


Read more: Solutions: Switch to faucet fuel from fossil fuel to stop global warming



Indigenous peoples seek key role in global climate talks

A climate conference in Brazil’s Amazon basin has drawn indigenous groups from 11 Latin American countries, Indonesia and Congo. In the largest gathering of its kind, they came to forge a plan whereby wealthier nations would compensate developing countries for saving tropical forests.

Scientists reckon tropical deforestation causes 20 percent of the world’s greenhouse-gas emissions. An international carbon-trading plan was a central topic last December at a climate conference in Bali, Indonesia.


Read more: Indigenous peoples seek key role in global climate talks



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About the climate cover-up

About the climate cover-up

Democracy is utterly dependent upon an electorate that is accurately informed. In promoting climate change denial (and often denying their responsibility for doing so) industry has done more than endanger the environment. It has undermined democracy.

There is a vast difference between putting forth a point of view, honestly held, and intentionally sowing the seeds of confusion. Free speech does not include the right to deceive. Deception is not a point of view. And the right to disagree does not include a right to intentionally subvert the public awareness.


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