Cap and Trade? Just another ponzi scheme. Annie Leonard introduces the energy traders and Wall Street financiers at the centre of this economic idea and reveals the devils in the details in current cap and trade proposals: free permits to big polluters, fake offsets. The new economic model looks much like the old, but with very clever greenwashing.
Away from its busy capital city and famous canal, Panama is one of the world's most ecologically diverse nations. Yet huge new hydroelectric dam projects now underway are seeing pristine rivers damned and virgin rainforest flooded. The government says it is vital for 'economic growth', with international corporate interests rushing into the country, and even the United Nations awarding 'carbon credits' on the basis that the resultant energy will be "sustainably produced". But for the indigenous Ngabe people--whose homes are vanishing under water--it is a catastrophe, and they are fighting back...