Thursday, April 26, 2007

Investigations Show Carbon Credits Are A Fraud

Those of us who know that are not surprised. You other idiots, however, have made scam artists rich.

While I have told you several times they are frauds, and even pointed out how these "carbon credits" are peddled by companies ... many didn't believe me. Well, now the Financial Times has reported on widespread fraud from companies claiming to erase your carbon footprint.

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

A Financial Times investigation has uncovered widespread failings in the new markets for greenhouse gases, suggesting some organisations are paying for emissions reductions that do not take place.

Others are meanwhile making big profits from carbon trading for very small expenditure and in some cases for clean-ups that they would have made anyway.

I love how they go on to describe the "green gold rush." They also give you a summary of the investigation's findings if you aren't a reader.

Greenies ... you've been pwned!


2 comments to "Investigations Show Carbon Credits Are A Fraud"

Anonymous said...
2:05 PM

I'm not surprised at all, but it is a masterful bit of deception selling thin air!

Casey said...
3:13 PM

Can't argue with that at all.



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