Obama envoy: Green Climate Fund coming 'rapidly'President Obama's special envoy to the United Nations Climate Change conference said that a Green Climate Fund, reportedly funded in part through a financial currency tax that would hit Americans hardest, is "rapidly" approaching.
"We are in the international context going to be, hopefully, and I believe that this will be the case, rapidly setting up the Green Fund," Todd Stern, Special Envoy for Climate Change, told reporters at the UN conference. "We will also be working hard to ramp up the funding that is supposed to reach a 100 billion dollars a year by 2020."
He added that "the Green Climate Fund . . . [is] an area actually which is among the most advanced in the negotiations." The global warming skeptics at the Committee for a Constructive Tomorrow (CFACT) say that negotiators are developing a financial currency tax to help pay for the fund that would hit the United States much harder than Europeans. "[E]very time we import goods, every time we export our fine products (think jobs) we will do so with a climate tax skimming off the top," CFACT says, but "transactions within the Eurozone won't have to pay this new tax."
Stern wouldn't go into details, but said negotiators have worked "to find the right ways to mobilize to use government funding and policy to mobilize private capital to invest in green infrastructure."
http://campaign2012.washingtonexaminer.com/blogs/beltway-confidential/obama-envoy-green-climate-fund-coming-rapidly/245641I must have missed the part of the constitution that says foreign organizations can implement taxes on US citizens without congressional approval.
Fuck the UN! This is nothing but another plot for redistribution first-world wealth to third-world shitholes on the back of the American taxpayer. This will do WONDERS to fix our economic situation.
From what I've read, the British have flat-out rejected any sort of financial transactions tax so here's hoping they stick to their guns as no country will approve it without global consensus lest they accept every financial institution bolting.
