UN Carbon Trading Scheme: $2.7 Billion Market Could Be 'Biggest Environmental Scandal In History'

Q: How could a mere $2.7 Billion global market be considered the 'Biggest Environmental Scandal In History' when the United States alone gave 26 times as much, just to coal and oil corporations, just between 2002 - 2008?

A: Yellow "journalism."

Facts:
http://www.elistore.org/reports_detail.asp?ID=11358
The largest U.S subsidies to fossil fuels are attributed to tax breaks that aid foreign oil production, according to research released by ELI. The study, which reviewed fossil fuel and energy subsidies for Fiscal Years 2002-2008, reveals that the lion’s share of energy subsidies supported energy sources that emit high levels of greenhouse gases. Fossil fuels benefited from approximately $72 billion over the seven-year period, while subsidies for renewable fuels totaled only $29 billion.
Read the Article at HuffingtonPost