Carbon capture device which also emits oxygen.
I live here in Portland, but apparently travel in the wrong circles as I have never heard of this company.
The City of Portland was one of their landlords so we are on the hook for lost rent (which I assume the city will just forgive and forget).
It is the government's fault: Odlin said a lack of support and investment from the U.S. government kept Running Tide from growing
“Capturing carbon”
Good God these people are insane.
In other words, GOVERNMENT MONEY, regulation and mandates to use the product.
Capturing carbon on a carbon based planet is an impossible job you’ll never make a dent in it ,LOL
How in the world did it sell carbon credits? What is a carbon credit?
We have arrived in the US where we manufacture nothing but scams to designed to get government or other people’s money albeit they are one and the same.
If governments want to eliminate “carbon” they need to announce they are going to start selling carbon and providing it, for free, to “underserved communities.”
You mean to tell me that selling b.s. ISN’T a successful business model?! I guess we need more government mandates and “incentives”!
because it could no longer sell enough carbon credits to survive, its CEO said.
easy money leads to foolish decisions. We are about to enter tough times. decisions will get better.
TOUGH TIMES IS THE CURE.
all they sold was fake guilt relief to people who are self-loathers who think that people are a virus that is ruining the world- many gullible people fell for the sham- always feeling guilty about being alive and enjoying life-
I’m gonna start selling ‘glance insurance’ that will protect people from other people’s glances towards them- I’ll call the company “Sir Glance-a-lot”
Trees 1
company Running Tide 0
“...carbon credits...”
It’s like creating a small paper coupon, then selling it for $100 to a dumb democrat sucker who will be told they can redeem it for a $5 sandwich at a carbon grocery store.
John Kerry would call this scheme a great way to create jobs and revenue. /spit
2021 will probably be remembered as the year when carbon finance emerged as a talking point among a wide range of industries.
......
The Taskforce on Scaling Voluntary Carbon Markets, sponsored by the Institute of International Finance with support from McKinsey, estimates that the market for carbon credits could be worth upward of $50 billion as soon as 2030.
Some people go to prison for scams like this. But people like Al Gore are free to run these scams.
The scam has ran it’s course. Ran out of suckers.
We have reached Peak Climate Change Superstition.
I wish.
You mean to tell me that retards are still buying “carbon credits”? I thought that was a 90s scam.
Ultimate not so underlying point of this article is that Carbon Credit payments (see Amtrak for their page on this additional charge! Which noone who takes the train can afford over the already gubmint subsidized fares!!)
That Carbon Credit payments should be universally mandated— everyone have it tagged to every purchase.
SOCIALISM is Theft. It has to be. Because it runs out of other people’s money real quick for the re-distro— back to the Socialist playing “companies” . Note the commentary within the article. Someone will have to pay this stupid company’s rent. They probably got a subsidy to move in and start up.
"...fell victim to a collapse in voluntary carbon market pricesWhat a blood-sucking rent-seeker. Blames all of his incredibly stupid decisions and failures on the government. You live by the government, you die by the government. It's a fickle mistress and can change its desires in a heartbeat.By January 2024, carbon offset prices had tumbled more than 80% over the previous 20 months and the market was suffering from declining confidence and weakening demand.
Odlin said a lack of support and investment from the U.S. government kept Running Tide from growing beyond a research-sized enterprise into the massive program needed to offset carbon emissions and claw back climate change.
“We’ve really been let down by our government,” Odlin said.
A "VOLUNTARY carbon market" -- what a joke. It is created by government and coercive. There IS NO "voluntary" carbon capture market. It only can exist because of burdensome government policy.
Better Mr. Odlin ran a business producing products that people actually want to buy. Maybe he could buy a fleet of fishing boats and deliver fish to market. I'll bet his family is really happy he sold the family fishing fleet in 2017 and pissed all the money away (assuming, of course, he didn't pocket a lot of the $50 million investment he Hoovered up from the rubes).
Carbon capture device which also emits oxygen.