The Clean Development Mechanism (CDM), which is supposed to offset greenhouse gases emitted in the developed world by selling carbon credits from elsewhere, has been contaminated by gross incompetence, rule-breaking and possible fraud by companies in the developing world, according to UN paperwork, an unpublished expert report and alarming feedback from projects on the ground. 

Looks like ExxonMobil CEO Rex Tillerson dusted off Donald Rumsfeld's PR play-book in explaining Exxon's stance on global warming, here's the quote:

There's much we know and can agree on around the climate change issue, and there’s much that we just don’t believe we do know…and we want to have a debate about the things we know and understand, the things we know about that we don’t understand very well, and the things we don’t even know about around this very complex issue of climate science. So that will continue to be our position."

Thanks for clearing that up Mr. Tillerson.

Even as Congressional leaders draft legislation to reduce greenhouse gases linked to global warming, a powerful roster of Democrats and Republicans is pushing to subsidize coal as the king of alternative fuels.

Prodded by intense lobbying from the coal industry, lawmakers from coal states are proposing that taxpayers guarantee billions of dollars in construction loans for coal-to-liquid production plants, guarantee minimum prices for the new fuel, and guarantee big government purchases for the next 25 years.

Despite rising gas prices and a growing concern about climate change, the auto industry is going on the offensive to convince Americans to oppose dramatically higher fuel economy requirements.

Led by Detroit's Big Three and Toyota Motor Corp., the industry is launching print and radio ads this weekend warning consumers that fuel regulations under consideration by the U.S. Senate would lead to higher vehicle prices and smaller and less safe vehicles.

The ads feature rural pickup owners and SUV-driving soccer moms to make the case that a Senate proposal would limit consumer choice and tie the hands of automakers.