Beam me to Planet Gore !
Carbon credit trading is a total rip-off where a few people will get very wealthy and the rest are worse off.
fyi
This whole thing is a sham.
So is this Gore’s firm?
Is this a byproduct of Kyoto? Or are U.S. companies having to fund these 3rd world projects that would have gotten done anyway?
As the song goes, nothin’ from nothin’ leaves nothin’. When will Mr. Gore’s company get scrutiny? Of course, I’m not holding my breath.
“Decomposing manure at farms emits methane, a greenhouse gas. The projects involve placing a tarp over the manure to capture and dispose of the rising gas. EcoSecurities expected at least 10% of its credits to come from projects like these.”
“But in 2006 the U.N. tightened its rules, requiring animal farms to measure the amount of methane they were capturing rather than simply estimating the number based on a formula — and use the lower number. That move slashed by more than one-third the number of credits a typical animal-waste project would produce for sale.”
“Suddenly, the projects no longer made economic sense, Mr. Moura Costa says. EcoSecurities canceled most of them, erasing about $100 million in potential profit.”
You can't make this $hit up.
So that $1.25 the airline wanted to sell me as a carbon offset to my flight was bogus....