George Soros, the radical, far-left billionaire, with a long history of antipathy toward American interests, now sits on a U.N. panel charged with organizing a $100 billion wealth transfer from the developed world to the underdeveloped world in the name of environmentalism. News of his involvement here is buried away in a NYT report but it should be the lead sentence.
Developing countries must help combat the many challenges associated with global warming, according to a United Nations (U.N.) panel. That is assuming all concerned parties accept the premise of catastrophic human induced climate change and the New York Times certainly does. The price tag has been fixed at $100 billion and the villain here is of course the United States, which refuses to comply with anti-emissions regulations.
It’s a familiar script that is wearing thin. The alarmist rationale has been dealt serious setbacks in recent months thanks to updated research and the growing “climategate” scandal. But international bureaucrats and transnationalists opposed to America’s free market system remain undeterred in their course of action.
Last December, “international leaders” agreed that it would be necessary for the developed world to fork over 100 billion by 2020 during the Copenhagen climate summit. But the methodology and details of this transfer remain a point of consternation and contention. The U.N. panel has just released a report that offers up some suggestions.
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