9 Jul 2009
Prince Charles and the merchant bankers
"Just as our banking sector is struggling with its debts... so Nature's life-support systems are failing to cope with the debts we have built up there too," he said. "If we don't face up to this, then Nature, the biggest bank of all, could go bust. And no amount of quantitative easing will revive it."
However the bankers are in charge of climate change policies, making £bns out of carbon trading but doing nothing to reduce greenhouse gases.
Be nice if we took the job away from the bankers.....I am not sure this has dawned on Prince Charles though.
One lesson the current financial crisis teaches us is: beware of the new carbon markets that constitute today's main official response to climate change. These markets are startlingly similar to the financial derivatives markets that have thrown banking systems into chaos and the world economy into a tailspin.