David MacKay, a professor of natural philosophy in the physics department at the University of Cambridge // via MoJo

In an interesting article critiquing some of the favored approaches to the climate crisis, Chris Lehmann writes that “you see the strong business bias of the sustainability outlook in the present consensus scheme for curbing greenhouse emissions—a cap-and-trade market permitting polluters to trade, purchase, and sell carbon credits.”  He adds that under a cap and trade scheme, “one surefire winner will likely be, you guessed it, Wall Street investment banking concerns brokering carbon credits to major energy companies.”