If I suppress my flatulence, can I make a buck or two?
> ----- Original Message ----- > From: Eugene Coyle > Sent: 07/23/08 06:07 pm > To: [EMAIL PROTECTED], Pen-l Pen-L, NCLC NCLC > Subject: [Pen-l] More "Cap and Evade" > > The Wall Street Journal (7/23/08) has another Page 1 story on the UN > program to cap emissions in the rich countries by buying credits from > "less developed" nations. It begins: > > PAGE ONE > > > > > DOW JONES REPRINTSThis copy is for your personal, non-commercial use > only. To order presentation-ready copies for distribution to your > colleagues, clients or customers, use the Order Reprints tool at the > bottom of any article or visit: > www.djreprints.com. > > • See a sample reprint in PDF format. > • Order a reprint of this article now. > > > French Firm Cashes In > Under U.N. Warming ProgramBy CHARLES FORELLE > July 23, 2008; Page A1 > > ONSAN, South Korea -- A French chemical maker is reaping a potential > billion-dollar windfall under a United Nations program intended to spur > climate-friendly investment in the developing world, highlighting the > challenges of using market forces to tackle global warming. > > The company, Rhodia SA, manufactures hundreds of tons a day of adipic > acid, an ingredient in nylon, at its factory here. But the real money is > in what it doesn't make. > > The payday, which could amount to more than $1 billion over seven years, > comes from destroying nitrous oxide, or laughing gas, an unwanted > byproduct and potent greenhouse gas. It's Rhodia's single most profitable > business world-wide. Last year, destroying nitrous oxide here and at a > similar plant in Brazil generated €189 million ($300.5 million) in > sales of pollution "credits." > > > > <snip> > The investment in the Korean plant will cost about $15 million with, the > story says, a payday that could come to over a billion in seven years. > Gene Coyle
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