Posted on 06/17/2011 4:04:44 PM PDT by SmithL
California's largest utility promises its customers green salvation through its ClimateSmart program.
For every bit of energy a Pacific Gas & Electric ratepayer uses - from turning on a vacuum cleaner to powering up a computer or heating up an oven - a little part of a tree or forest is saved to erase the carbon sins of the customer. The voluntary program costs participants about $60 a year.
But the company isn't telling its customers one crucial fact: Those forests were purchased years ago by a Virginia conservation group that used nearly $50 million in loans and grants from California taxpayers. The Conservation Fund then sold PG&E carbon credits on land it had purchased for preservation and selective logging.
(Excerpt) Read more at sfgate.com ...
Great scam!
New and innovative, loosely regulated, based on fiction, Ponzi would be jealous.
As PT Barnum would say “there is one born every minute”
Yeah,keep leaning forward and a little to the left.
I live among 33 acres of dense redwoods and am constantly told that by econuts that my carbon footprint is too large. Meanwhile, every one of my trees is pumping the oxygen that these morons are breathing. And I get nothing but larger and larger PG&E bills.
Well, from the article it appears you have to threaten to clear cut, even if you’ve already signed a contract not to.
Then if you are connected enough you may be able to get in on the scam.
You probably just do not know “the right people”.
Greenies due more damage to the environment than 14 volcanoes.
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