Climate Treaty Reparations would cost $50-$200bn - a year

Subject: txt 1st grn owg =
The 181 page draft of the climate treaty in Copenhagen includes massive "climate reparations" paid by developed countries to developing nations

Here's a quiz. What's the worst thing on the table at the UN Climate Control Conference in Copenhagen December 7-18? If you guessed cap-and-tax, you would be wrong. The reparations could be much, much worse.

The draft of the treaty encompasses 181 pages and recites that it shall be the obligation of the developed countries (Europe, United States, Japan, Australia, etc.) to pay the developing countries (China, India, Africa, etc.) huge reparations, annual sums to erase poverty and to share technology with them.

In the behind-the-scenes negotiations, the developed countries have already agreed to pay $167 billion per year, but the developing countries are holding out for $400 billion per year according to BusinessGreen.com...

President Obama will pull out all of the stops to get the treaty negotiated in Copenhagen next week and ratified in 2010 by the U.S. Senate. He knows that time is against him. Given time, more and more Americans will discover the new scientific realities. Moreover, his huge Democratic Party majority in the Senate will likely disappear in November 2010, and he may never again get another chance to get the two-thirds vote needed to ratify it.

READ MORE