Portsmouth Climate Action Network

As well as the de-regulated banking sector getting a major tax payer hand out whilst the ethical banking sector continues making profits without help. It seems the car manufacturers across the world are also getting government hand outs using tax payers money (Have any cycle manufacturers got tax payer help recently?).
It seems that when things go bad, the big polluters and financers go running to us tax payers to help them out.

Last month in the US, the House of Representatives voted to bail out the car industry to the tune of a $25 billion loan, whilst yesterday the European car manufacturers demanded some $54 billion to match the US. They claim it is to help them make cars greener. But given that car sales are plumetting, one wonders whether in reality it is just money to replace the lost profits on car sales?
There are many green industries around now, started by entrepeneurs with real commitments and they seem to be able to develop new innovative clean tech products without the aid of huge amounts of tax payers money (certainly not billions!). In fact the ethical banking sector are big supporters of these green companies.

Have the begging car manufacturers considered the possibility that fewer cars on the road would achieve similar or better emissions reductions than more efficient cars? I doubt it! The ACEA want cash to scrap old cars so that they can sell plenty of greener cars. Their motive is to continue selling and producing.

Monbiot.com
Financial Times Article
ACEA begging article

Last update : 08-10-2008 15:44

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