Posted on 05/26/2008 3:35:12 PM PDT by theBuckwheat
Billions of pounds are being wasted in paying industries in developing countries to reduce climate change emissions, according to two analyses of the UN's carbon offsetting programme.
Leading academics and watchdog groups allege that the UN's main offset fund is being routinely abused by chemical, wind, gas and hydro companies who are claiming emission reduction credits for projects that should not qualify. The result is that no genuine pollution cuts are being made, undermining assurances by the UK government and others that carbon markets are dramatically reducing greenhouse gases, the researchers say.
(Excerpt) Read more at guardian.co.uk ...
http://canadafreepress.com/index.php/article/3208
TAKE THE TEST, I MISSED ONE,BUFFALO HEAD SUBMITTED IT
Yet another “UN Dollars for CO2” boondoggle. The entire CO2 scam is just designed to line corrupt politicians pockets.
“The UK government last night defended the CDM. “We completely reject any assertions that [it] is fundamentally flawed,””
As marron said, the fraud is “not a bug, but a feature.”
Globull warming. The biggest scam in the history of the world. I wonder how Algore sleeps at night.
Al’s old college frat name
Phi Scamma Jamma
Like this sort of waste and fraud is really confined to the United Nations.
Centralized economic planning creates incentives for individuals and businesses to minimize costs (including by falsifying documents, inflating figures to their advantage, or omitting disadvantageous information from document filings) in order to maximize revenues (wealth redistributions).
The name suits him.
Wow, now that’s a surprise. I’m shocked. Shocked!
Carbon offset's only assurance is that your money will be transfered to vermin ...
DUH !!! It’s all just a racket!
Well the billions are not actually “wasted”. Someone’s on a nice little earner here.
Bump for later.
Global warming on Free Republic
He sleeps like a baby. As I understand it, he is a co owner
of the company thats sells the bogus credits.
He is making millions.
What’s the complaint here? It sounds like the scam, er, programme, is working as planned.
Billions of pounds are being wasted in paying industries in developing countries to reduce climate change emissions, according to two analyses of the UN’s carbon offsetting programme.”
But it is redistributing the wealth.
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