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CHEMTRAILS: ENRON Sold Weather Derivatives To Wager on Climate Change
12-13-2015, 12:39 AM
Post: #1
CHEMTRAILS: ENRON Sold Weather Derivatives To Wager on Climate Change
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or decades now, we have been told to be afraid of the long-term effects of man-made carbon dioxide on our climate. Seemingly every day some new storm, drought, warm spell or cold snap is featured on the news, with government-funded scientists warning us that this is a sign of things to come unless the world reduces its CO2 production.

The problem, of course, is that this is a third-rate scientific hoax propagated on the strength of the public’s ignorance of the underlying science, or lack thereof. The models and predictions used to scare the public into believing that CO2 is driving climate and will continue to do so in an increasingly dangerous fashion share the distinction of being universally wrong in their predictions of trends over the past 15 years, yet we are still asked to believe in the long-term validity of these same falsified models.
http://chemtrailsplanet.net/2015/03/04/c...te-change/


Gambling with Weather Control - The CIA, Weather Warfare, and Climate Terrorism

The first weather derivative deal was in July 1996 when Aquila Energy structured a dual-commodity hedge for Consolidated Edison Co. 1 (Environmental Finance – Weather Risk [PDF]) Weather derivatives slowly began trading over-the-counter in 1997. The Chicago Mercantile Exchange introduced the first exchange-traded weather futures contracts and corresponding options, in 1999. The Chicago Mercantile Exchange was founded in 1898 as the Chicago Butter and Egg Board, an agricultural commodities exchange. A major early pioneer in weather derivatives was Enron Corporation, through its EnronOnline unit.

The CME currently lists weather derivative contracts for 25 cities in the United States, eleven in Europe, six in Canada, three in Australia and three in Japan. Most of these financial instruments track cooling degree days or heating degree days, but other products track snowfall and rainfall in at ten separate U.S. locations. The CME Hurricane Index, an innovation developed by the reinsurance industry provides contracts that are based on a formula derived from the wind speed and radius of named storms at the point of U.S. landfall. source: Introduction to Weather Derivatives.
http://climateviewer.com/2015/02/22/the-...rrorism/8/

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