Posted on 06/15/2024 8:02:03 AM PDT by Steven Scharf
“It’s a sad day,” he said in a phone interview. (From his beach house in Martinique)
A Scam??? 🤓
Scam.
I don’t get it. You’d figure all those rich people with private jets would be gobbling up the carbon credits like popcorn. You know, the ones who are telling us to eat bugs?
They DO buy carbon credits, don’t they?
It sounds like they removed carbon from ocean water.
I’d like to see the 25,000 tons of carbon they removed.
How did they do it?
Did they evaporate the water?
Did they plant undersea kelp?
“Portland [Maine] startup that became global leader in capturing carbon shuts down, lays off all staff”
indeed ... this has been the fate of EVERY “carbon capture” scheme funded by the Feds so far ...
the whole concept is completely ridiculous to start with, AND on top of that, all such “capture” methods ALWAYS release more carbon in terms of expended energy than the carbon captured ... period ...
these things are 100% pure boodoggles for funneling massive amounts of taxpaper monies to favored folks ... period ...
“Having removed the equivalent of 25,000 tons of carbon dioxide and delivered 21,000 credits since its founding ... in 2017”
so that would be about 7,000 tons of CO2 removed per year if we assume the biz has been in business 3.5 yeas
the average U.S. household release 24 tons of CO2 per year in terms of energy consumption ...
SO: this boondoggle PUNITIVELY removed CO2 generated by less than 300 families per year ...
private investment was $50 million ... a one-ton carbon credit sells for average $60, so add 21,000 * $60 = $1,260,000 income for approximate total of $51,000,000 spent to remove carbon for 300 families for 3.5 years each, works out to over $48,000/family/year to “remove” their carbon from the ocean ... though no one has demonstrated exactly how all of that carbon from all of those families landed in the ocean in the first place, or whether it’s even a good thing to remove carbon from the ocean ...
as Slim Pickens might say, $48,000/year is a whole shit-ton of dimes, and WAY more than each of those families spent to heat/cool their houses, heat their water, wash/dry their clothes, and drive their cars ...
“I’d like to see the 25,000 tons of carbon they removed.”
sorry, but CO2 gas is invisible AND odorless! you’ll just have to take their word for it ...
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