The U.K officially jumps the shark. Boris Johnson is the new Prime Minister.

Mowgli

Mowgli

Veteran
Joined
May 1, 2012
Messages
103,164
Reputation
13,408
Daps
243,334
Temisan Adoki (verified) said:
The 2020s are going to be decade of fascists and neo-fascism.

Where else can we go from here?

Civilization goes from Liberalism to Supercapitalism to Nationalism to Fascism.

That's the shyt Putin was talking about.
Click to expand...
We destroy the fascists, again. Then rebuild from the ashes, again.


The fascism ain't here yet though..
:blessed:
 
Last edited:
GreenGhxst

GreenGhxst

Veteran
Joined
Sep 6, 2016
Messages
26,172
Reputation
4,400
Daps
90,049
Reppin
Tangibles
Cant wait until the decline of white society, I know somehow their xenophobia and blatant racism will somehow implode on them, not sure yet how, but it will..

Once all minorities stop buying into and opting into white supremacy sufficient progress will be made for us to start seeing a decline, white people are only supreme as long as the majority views them as so and right now, that is the reality
 
loyola llothta

loyola llothta

☭☭☭
Joined
Apr 17, 2014
Messages
35,064
Reputation
6,991
Daps
80,027
Reppin
BaBylon
uk-carbon-permit.jpg

22 July 2019
Revealed: UK Companies Opening Overseas Carbon Credit Accounts in Preparation for No-Deal Brexit
By Crina Boros

British companies are increasingly moving their carbon credits into new offshore accounts to get around punitive measures from the EU and in preparation for a no-deal Brexit, DeSmog can reveal.

At least 35 companies have filed for EUemissions trading scheme (ETS) accounts in the Netherlands in recent months. Without these accounts, companies potentially face having millions of pounds’ worth of tradable carbon credits locked in the UK in the case of a no-deal Brexit, preventing companies from selling the permits. The new accounts brings the number of offshore carbon credit accounts traced by DeSmog up to 69.

The EU ETS is the world’s largest carbon market, and the UK is the scheme’s largest player. Companies must have permits for the amount they emit. If they emit less than their permits, they can sell the excess permits — creating a financial incentive to reduce emissions. If the UK leaves with no deal on 31 October, the country would cease to be part of the EU ETS, and therefore would likely have UK carbon permit accounts locked.

Environmental campaigners and business leaders have criticised the government for creating uncertainty around carbon trading, brought about by the risk of a no-deal Brexit. By forcing companies to open carbon credit accounts overseas to avoid potential losses, the government is risking the UKlosing out on billions in tax revenue.

Click to see the UK-based companies listed on the Dutch ETS registry : EUTL data.

New accounts

As a no-deal Brexit is likely to lock the UK ETS and all emission allowances stored in the national registry, companies based in Britain are increasingly opening accounts with registries in other EU countries to avoid potential losses, DeSmog can reveal.

The Dutch Emissions Authority (NEA) says it has seen “a large increase in the number of applications for trade accounts from the United Kingdom.” NEA told DeSmog it has had 42 account requests filed “since 2018”, of which 20 have been approved and are active.

The majority of account holders are third party carbon traders, such as banks.


There are also major polluters including energy companies Shell, BP, EDFand Drax.

Four new accounts have been opened on the Belgian Greenhouse Gas registry by multinational companies since January 2018, DeSmog has found, including by plastics and fracking company Ineos.

“The closer we got to the [Brexit] deadlines, the more enquiries we had, the more people were doing something about it,” said Tom Lord, Head of Trading and Risk Management for Redshaw Advisors, a carbon risk management and procurement firm.

“In the event of hard Brexit, in all likelihood, the Commission would lock those [UK] accounts because the UK would obviously cease to be part of the EU ETS. There is no clear indication on when, or if, they would ever regain access to the accounts”, Lord states.

In such a situation, companies’ credits could then be “money down the drain” as their allowances would be stuck in UKaccounts. According to Lord, “when you consider some of the positions that people have that are more like tens of thousands or hundreds of thousands of surplus EUAs [European Union Allowances], then you’re talking huge sums of money – millions and millions of Euros potentially. It’s a huge risk that UK companies must address.”

UK companies could transfer credits allocated prior to 2019 into the new EUaccounts to continue to trade, an EUETSspokesperson said. “Allowances can be transferred without any restrictions and between any account holders, be it companies with compliance obligations or other ETSparticipants,” they said.

That means that opening an ETSaccount in other EU member state is “a prudent thing to do because of the risk of hard Brexit”, said Phil MacDonald, an emissions trading analyst at NGOSandbag. “You protect the commodities you already own by moving to another country.”

Companies moving their carbon trading abroad could have a significant impact on the UK’s tax revenue, with a UK-only scheme potentially lessening the incentive for British companies to pollute if the domestic carbon price was lower than the EU ETS‘ current high of €29 per tonne. The EU price has finally risen to a level that could materially affect companies’ activities after multiple rounds of reform to the system to control the flow of permits.

Carbon trading is taxed in the country it occurs. With so many companies moving their trading activities overseas in preparation for a no-deal Brexit, the UK government is losing billions in tax revenue. Sandbag calculated the UKgovernment could be losing as much as £1 billion to £1.5 billion in tax revenueas a consequence of not auctioning new permits.

The EU’s suspension on the UKallocation of new allowances will be lifted if the UK and EU sign a Withdrawal Agreement before the 31 October deadline.
Click to expand...
Revealed: UK Companies Opening Overseas Carbon Credit Accounts in Preparation for No-Deal Brexit
 
#1 pick

#1 pick

The Smart Negroes
Supporter
Joined
Jul 13, 2012
Messages
76,692
Reputation
11,197
Daps
197,461
Reppin
Lamb of God
Emeritus said:
and the Black race has become polarized and separated

doesn't take a genius to predict the future L's


they know what time it is... coli simpletons :francis:
Click to expand...
Exactly. Everyone knows that Black folks don't codify. We just try to imitate white folks even more. This shyt is a disaster
 
You must log in or register to reply here.
Top