Green Hell Blog
Thursday, March 19, 2009
Reuters reports that the UN Environment Programme wants to levy an oil tax on developed nations of $5 per barrel to fund a “Global Green New Deal.”
According to Reuters,
“[The tax] would be almost, if not totally, unnoticed by the consumer,” [UNEP head Achim Steiner] said, especially since oil prices have fallen from more than $140 a barrel at mid-2008 peaks to about $40.
A barrel of oil contains 158 liters and OECD consumption is about 20 billion barrels a year, he said. “This is just one example, there may be many others,” of funding, he said.
“I am concerned about the prospect of a meaningful deal in Copenhagen if there is not a significant financial package on the table,” he said. Cash would encourage poor nations to step up actions to curb rising greenhouse gas emissions.”
Remember how the UN’s oil-for-food program worked out — for Saddam Hussein?
Imagine the UN klepto-crats with $750 billion (of our money) to spend.
This article was posted: Thursday, March 19, 2009 at 4:43 am