  We examine the claim of Babak and Grishchuk [1] to have solved the problem of
localising the energy and momentum of the gravitational field. After
summarising Grishchuk's flat-space formulation of gravity, we demonstrate its
equivalence to General Relativity at the level of the action. Two important
transformations are described (diffeomorphisms applied to all fields, and
diffeomorphisms applied to the flat-space metric alone) and we argue that both
should be considered gauge transformations: they alter the mathematical
representation of a physical system, but not the system itself. By examining
the transformation properties of the Babak-Grishchuk gravitational
energy-momentum tensor under these gauge transformations (infinitesimal and
finite) we conclude that this object has no physical significance.
