Dr. Rajendra Pachauri

Editor’s Note: The following report is excerpted from Jerome Corsi’s Red Alert, the premium online newsletter published by the current No. 1 best-selling author, WND staff writer and columnist. Red Alert subscriptions are $99 a year or $9.95 per month for credit card users. Annual subscribers will receive a free autographed copy of “The Late Great USA,” a book about the careful deceptions of a powerful elite who want to undermine our nation’s sovereignty.

With even California’s Democratic Sen. Barbara Boxer admitting cap-and-trade legislation may be a decade away, 2010 is shaping up to be the year in which the global-warming hoax died, Jerome Corsi’s Red Alert reports.

“Climategate revelations that prominent global alarmists have manipulated climate data prove global warming was an ideological agenda masquerading as a scientific theory,” Corsi wrote.

The U.N.’s Intergovernmental Panel on Climate Change, or IPCC, “expressed regret” in having to admit on the IPCC website that its 2007 warning that the Himalayan glaciers were “very likely” to melt by 2035 had no basis in fact.

Dr. Rajendra Pachauri, the Indian head of the IPCC, dismissed calls for him to resign over the retraction of the Himalayan glacier prediction, but the damage was still done, Corsi explained.

“I know a lot of climate skeptics are after my blood, but I’m in no mood to oblige them,” the beleaguered Pachauri told the Times in London. “It was a collective failure by a number of people. I need to consider what action to take, but that will take several weeks. It’s best to think with a cool head, rather than shoot from the hip.”

Graham Cogley, the Canadian scientist who exposed the IPCC glacier error, warned that Pachauri now was the one on thin ice.

“People who want to undermine the science on climate change will be crawling over the report looking for another mistake like this and if they do find another one it will be curtains for Pachauri,” said Fred Pearce, a British environmental journalist who has reported extensively on Gogley’s refutation of the Himalayan glacier prediction. “The way he [Pachauri] has handled this glacier issue means he’s now a sitting duck if anything else turns up.”

In 2007, when he shared the Nobel Peace Prize with Al Gore for leading the global-warming charge, it would have been hard to predict how fast Pachauri would fall.

Now, global media describe Pachauri with the tag of being a “controversial former railroad engineer” and a “lobbyist,” rather than as “the world’s leading climate scientist.”

“What is also abundantly clear is that Pachauri has used his U.N. position to become wealthy by advancing climate-change hysteria,” Corsi noted.

Investigative reporters Christopher Booker and Richard North have documented that since being elected to the IPCC chairmanship five years earlier, Pachauri has been appointed to more than 20 positions, including directorships and advisory roles to major banks and investment firms.

“Dr. Pachauri insists that the millions of dollars he receives for these posts are all paid to his Delhi-based institute and not to him personally,” Booker and North wrote in London’s Telegraph. “But during the same period he also presided over a massive expansion of TERI’s empire.”

“Whether Pachauri survives in his U.N. position is doubtful,” Corsi wrote. “What is certain is that global-warming hysteria has been scaled back, perhaps permanently.”

Red Alert has predicted for months that the Obama administration would fail to pass cap-and-trade legislation this year.

Corsi said, “Now there can now be absolutely no doubt about that prediction coming true.”

Red Alert’s author, whose books “The Obama Nation” and “Unfit for Command” have topped the New York Times best-sellers list, received his Ph.D. from Harvard University in political science in 1972. For nearly 25 years, beginning in 1981, he worked with banks throughout the U.S. and around the world to develop financial services marketing companies to assist banks in establishing broker/dealers and insurance subsidiaries to provide financial planning products and services to their retail customers. In this career, Corsi developed three different third-party financial services marketing firms that reached gross sales levels of $1 billion in annuities and equal volume in mutual funds. In 1999, he began developing Internet-based financial marketing firms, also adapted to work in conjunction with banks.

In his 25-year financial services career, Corsi has been a noted financial services speaker and writer, publishing three books and numerous articles in professional financial services journals and magazines.

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