Shock! Global Warming Indulgences a Sham
Carbon Credits are all a sham. I'm Shocked! Shocked!
The Financial Times investigated it and found that it is pretty much all a bunch of frauds and cons....Yay for Al Gore helping the common man's exploitation by big business. Ah, the poetic irony.
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.
Way to go Al. Your religion is certainly the myth of the day.
Labels: global warming