The Montreal Protocol celebrates its tenth anniversary this September. At the time of its creation, it was hailed around the planet as an historic example of the ability of mankind to forge collective solutions to environmental problems. Even today it is widely credited with having halted the destruction of the ozone layer. Such praise, however, is premature. For both the spirit and letter of the agreement are being flouted by profit-hungry corporations and black-marketeers who, regardless of the consequences to life on Earth, continue to engage in the highly lucrative trade in CFCs.