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The Sunday Telegraph: Common Policy on Global Warming

09 December 2007

As Commission President, José Manuel Barroso likes to boast that Europe “leads the world on climate change”, the cornerstone of its policy being the world’s largest “emissions trading scheme”, based on buying and selling “carbon credits”. In its first year, Britain paid out £470 million while Germany made £300 million profit (despite ordering 26 new coal-fired power stations).

NHS hospitals had to spend £1.7 million on credits, while BP and Shell made £40 million. The EU’s electricity supply industry enjoyed a windfall profit of £13.6 billion, with the biggest losers UK electricity consumers, whose bills rose by as much as 12 per cent. The net result was that EU carbon emissions rose by 1.5 per cent.

There are many other glaring examples of how the EU regime is “not fit for purpose” – such as Galileo space policy (due to cost UK taxpayers £1.7 billion); or the waste policy which has reduced our rubbish collection system to chaos (and threatens us with fines of billions of euros). Yet Gordon Brown is so keen to hand even more power to this system that he is prepared to lie about the new treaty, to avoid giving us the right he himself promised us – a vote on whether we want it or not.

http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2007/12/09/nbook109.xml

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