By Michelle Malkin
December 10, 2009
Hmmmm. Left-wing radical billionaire George Soros has injected himself into the Copenhagen climate change talks. He is riding to the “rescue” of negotiators at loggerheads over the pricetag of global regulatory intervention to reduce greenhouse gas emissions.
Look:
The $10 billion a year proposed by rich nations to help the poor adapt to climate change is “not sufficient” and the gap between what’s offered and what’s needed could wreck the Copenhagen climate conference, American billionaire George Soros said Thursday…
Soros, one in a line of international notables visiting the 192-nation Copenhagen meeting, told reporters he had developed a partial solution on funding. The investor-philanthropist suggested shifting some International Monetary Fund resources from providing liquidity to stressed global financial systems to a new mission of financing projects in developing countries for clean energy and adapting to climate change. About $100 billion in a one-time infusion could be generated, said Soros, a major supporter of causes in the developing world. But he acknowledged a major roadblock in Washington.
“It is possible to substantially increase the amount available to fight global warming in the developing world,” he said. “All that is lacking is the political will. Unfortunately the political will will be difficult to gather because of the mere fact that it requires congressional approval in the United States.” Soros said he had “informal discussions” with Obama administration officials and they recognized the difficulty of getting congressional approval. But he said the issue was too important to sweep aside.
Soros is crusading for expansion of “Special Drawing Rights” — a financial instrument that would essentially divert foreign aid to global warming special interests…
…In March, I remind you, Soros was slapped with a record fine in Hungary for illegal market manipulation…
Malkin’s article continues here.
