Sunday, June 03, 2007

Now That Carbon Credits Have Been Shown To Be A Fraud ... Are People Still Dumb Enough To Fall For The Scam?

The answer is a resounding yes.

Remember how I told you carbon and methane credits were "The Ultimate Scam" before anyone was seriously looking at it? Since then every blog and talk show host has begun providing the evidence of the carbon credit scam. There has even been an investigation that concluded the companies involved in this lie were, in fact, scam artists. Now there is another investigation by the UN that shows further fraud by carbon credit companies.

The Guardian:

The Clean Development Mechanism (CDM), which is supposed to offset greenhouse gases emitted in the developed world by selling carbon credits from elsewhere, has been contaminated by gross incompetence, rule-breaking and possible fraud by companies in the developing world, according to UN paperwork, an unpublished expert report and alarming feedback from projects on the ground.

So once again I present to you a harty "see, I told you so."

Not only have I told you repeatedly about the scam of carbon credits, but I've told you that governments were a part of the fraud, and that the outcome would be more greenhouse gas emissions ... not less. Turns out I'm a psychic!

Since these are used by European governments and corporations to justify increases in emissions, the effect is that in some cases malpractice at the CDM has added to the net amount of greenhouse gas in the atmosphere.

There is tons more evidence of fraud in the article.

I wonder what companies who push carbon credits while contributing to increased greenhouse emissions (like Ben & Jerry's) will say about the second full fledged investigation showing fraud. Hell, even Al Gore himself said being carbon neutral is a fraud.

If nothing else, the "credit" business has allowed free thinking entrepreneurs to come up with a "credit" for everything, and make a legitimate business venture out of the idea.


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