Oxfam: Rich Nations Must Pay
Charles Johnson
Mon May 28, 2007 at 6:34 pm PDT • Views: 335
Possibly the biggest extortion scheme in history: Rich must pay bulk of climate change bill: Oxfam.
LONDON (Reuters) - Coping with the ravages of global warming will cost $50 billion a year, and the rich nations who caused most of the pollution must pay most of the bill, aid agency Oxfam said on Tuesday.
The call, barely 10 days before a crucial Group of Eight (G8) summit in Germany which has climate change at its core, is likely to make already tense negotiations even tougher.
The United States, which Oxfam says must foot 44 percent of the annual $50 billion bill, is rejecting attempts by German G8 presidency Germany to set stiff targets and timetables for cutting carbon gas emissions and raising energy efficiency.
UPDATE at 5/28/07 6:49:27 pm:
Oxfam, in another convergence of idiocies, also questions Israel’s right to exist.
Frank says: