Skip to content

Carbon Offsets – Fraud and Deceit

April 27, 2007
This whole “carbon offset” industry setup for fraud. The main aim is to have rich people pay money to feel good about themselves. The fact that nothing or extremely little actually is done to reduce carbon in the atmosphere doesn’t matter.
clipped from wapft.volantis.net

Companies and individuals rushing to go green have been spending millions on “carbon credit” projects that yield few if any environmental benefits.

Industry caught in carbon ‘smokescreen’

The FT investigation found:

■ Widespread instances of people and organisations buying worthless credits that do not yield any reductions in carbon emissions.

■ Industrial companies profiting from doing very little – or from gaining carbon credits on the basis of efficiency gains from which they have already benefited substantially.

■ Brokers providing services of questionable or no value.

■ A shortage of verification, making it difficult for buyers to assess the true value of carbon credits.

■ Companies and individuals being charged over the odds for the private purchase of European Union carbon permits that have plummeted in value because they do not result in emissions cuts.

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: