re: #312 Cannadian Club Akbar

Many of the nations at the conference are very wary of “loans”, which is one of the mechanisms the UMBRELLA group (of which the US is a part, along with Canada, Australia, Russia, Japan, and such) have proposed, through the World Bank.

The least developed countries see this as just a way of perpetuating poverty, since loans with interest need to be repaid.

Too much of the lesser developed world is already in debt and at the mercy of the big players.

We have AGW as a problem because we mine the stored sunshine of the past 400 million years (or so.) The carbon-carbon and carbon-hydrogen bonds we are extracting from the planet’s sedimentary deposits are the real gold mine of civilization - almost free energy. Without this energy source modernity probably would not have developed.

Thus, to ignore such a great wealth, so it would appear if one does not take into cost the long term problems, goes against human nature.

Loan mechanisms hardly touch this great quandary.