Head of IPCC Poised to Make a Fortune for Himself — Wow, this guy is really something. Exactly how all the facts in this article were ignored by the media until now is astonishing. He will be the first Carbon billionaire, not Gore. Gore is small potatoes compared to this genius.

No one in the world exercised more influence on the events leading up to the Copenhagen conference on global warming than Dr Rajendra Pachauri, chairman of the UN’s Intergovernmental Panel on Climate Change (IPCC) and mastermind of its latest report in 2007.

Although Dr Pachauri is often presented as a scientist (he was even once described by the BBC as “the world’s top climate scientist”), as a former railway engineer with a PhD in economics he has no qualifications in climate science at all.

What has also almost entirely escaped attention, however, is how Dr Pachauri has established an astonishing worldwide portfolio of business interests with bodies which have been investing billions of dollars in organisations dependent on the IPCC’s policy recommendations.

These outfits include banks, oil and energy companies and investment funds heavily involved in ‘carbon trading’ and ‘sustainable technologies’, which together make up the fastest-growing commodity market in the world, estimated soon to be worth trillions of dollars a year.

related story:

Carbon traders already making millions. And they are not who you think they are.

The oil companies, given huge amounts of permits, found it easy to trim their emissions a little and so make huge profits. Expanding businesses and public services, on the other hand, were forced to buy more permits. In its first year of operation Shell made a profit from carbon-trading of £49.9million and BP a profit of £43.1million.

How much detail will the public and “warmists” need to read and hear about before it dawns on them that this is one huge scam and the money is coming out of their pockets in the form of increased prices and taxation? Dumbing down the educational system and subverting the media has indeed paid off.

Found by Tom Diggle and Stuart001 via Twitter.