Sun 2010-07-25 16:55 EDT

Carbon trading a front for money-laundering: experts - Hindustan Times

Agence France-Presse

Organised crime gangs are using carbon emissions trading schemes as fronts for money-laundering,experts warned on Friday. The experts who attended a meeting of the Asia Pacific Money Laundering Group (APG) said crime syndicates are resorting to new methods to hide their illegal proceeds. One "issue that we've looked at closely is money laundering associated with carbon emissions trading schemes", APG executive secretary Gordon Hook told a news conference after the five-day meeting. Hook did not elaborate on how crime syndicates were using carbon emissions trading schemes to launder money...

Carbon Trading; experts; front; Hindustan Times; money laundering.

Wed 2008-05-14 00:00 EDT

naked capitalism: Wolf, Becker, and Posner on Oil (With a Shocker From Posner)

Richard Posner suggests "heavy taxes on oil or (better) carbon emissions"; lack of political will imples "democratic failure" to address long-term problems

Becker; naked capitalism; Oil; Posner; shocker; Wolf.