GE issues credit card aimed to cut emissions

Reuters via Yahoo! News ^ | 7/25/07 | Reuters

[libertarianPA]

The biggest scam of the 21st century goes corporate.

[libertarianPA]

But the market is not regulated, leading to concerns that some of the credits do not represent real greenhouse gas reductions.

Regulated... unregulated... does it really matter?

[Ingtar]

Credit cards pass methane gas?

[hunter112]

Can I put carbon credits on my credit card?

[shekkian]

In voluntary emissions markets, consumers who feel guilty about their greenhouse emissions can buy offsets, ...

Yeah, well maybe I'm just DIABOLICAL!!!

So there! What are you gonna do about that?? Huh?? Huh??

[lovecraft]

What's the old saying?

A fool and his money are soon parted.

[prisoner6]

Oh-BOY! I'm right on this baby!

< / sarcasm >

prisoner6

[capt. norm]

Here we go.

"Warmists" have figured out a way to make $$$ out of it.

Kinda' like the lottery....idiots give up their money for so-called "offsets" that are pie in the sky.

Barnum had it right; "There's a sucker born every minute".

If W.C. Field were alive today, he would enjoy this.

* For some reason, this is the first time I have noticed how similar in appearance he is to Bill Clinton. Evidently whoever created this graphic saw the same thing:

Insert eerie "Twilight Zone" music here.

Favorite W.C. Fields line: He's seated on a train, shuffling cards and a gentleman takes a seat across from him at the card table and says "Is this a game of chance?"

Fields replies "Not the way I play it".

[taxed2death]

I just talked to my pet Jackalope....he assures me this is all on the up and up.

Really.

[gridlock]

GE issues credit card aimed to cut emissions

GE issues credit card aimed to cut emissions make money for GE by tapping into the popular scam-of-the-hour.

There... Fixed it.

[libertarianPA]

Homer: “Not a bear in sight. The Bear Patrol is working like a charm!”

Lisa: “That’s specious reasoning, dad.”

Homer: “Thank you, honey!”

Lisa: “By your logic, I could claim that this rock keeps tigers away.”

Homer: “Hmm; how does it work?”

Lisa: “It doesn’t work; it’s just a stupid rock!”

Homer: “Uh-huh.”

Lisa: “... but I don’t see any tigers around, do you?”

Homer: “Lisa, I want to buy your rock...”

[gridlock]

So, what is the going rate for a ton of carbon offsets these days?

[jimfree]

From the corporate viewpoint it’s not so much a scam. They are responding to their customers who would go for such a thing.

[Dr.Deth]

I have got to get in on the supply side of this scam. Maybe offer a competing "Mounte Bank" carbon credit card.

[jimfree]

This is going to be great theater after a while. When do you think the first carbon credit scandal will be revealed?

[Constitutionalist Conservative]

The offset program will lead to more consumption by environment-conscious customers, which will lead to more manufacturing of goods, which means ______________________________.

[gridlock]

To answer my own question, carbon offsets go for about $12/ton on today’s market.

They typical US home generates about 12 tons of CO2 a year.

So you could buy offsets for a typical American home for $144 a year.

[drb9]

But, once everyone starts buying $12/ton credits, the price will spiral upwards. In a market where few are buying, the price is cheap. Once we’re locked into an ever-widening obligation to buy, watch out.

[NRA1995]

See the glory.....of The Royal Scam.....

[gridlock]

But, once everyone starts buying $12/ton credits, the price will spiral upwards.

So, we will just have to subsidize carbon credits for the working poor, who can't afford to pay the escalating prices. After all, a carbon-neutral lifestyle is a right!

The rich, of course, are screwed, as always.