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
What technology gets carbon not out of the air, what from solid waste-algae sea scum? Tanks monitored filled with what- co2 adsorbant?
The poor dumb schlubs who pay voluntarily carbon “credits” (debits from them tacked on to purchases)— ran into the massive inflation caused by re-distribution of money the “government” never had in the first place. A good amount of “green” re-distro subsidies... bit this “industry” in the tail.
Note the company execs are not talking about their severance— cause they get one in the governance papers— should be available public info, WSJ etc. This is just like Solyndra and obama’s payola scheme which lined his own pockets for doling out our money.
Experiments.
Sure.
“Running Tide” .... ran out! LOL. Then whine about it. Employees in Iceland? What would that cost in payola to the Socialist in Iceland who are largely energy independent anyway (steam vents, volcanic, hot water exchange plants, etc.). Taxes in Iceland are not low either.
Looking for a tsunami replacement. Fisherman will tell you money does not grow in the ocean- you have to go make it from Nature.
Solyndra does carbon.
So that’s what happened! I thought the world seemed a little warmer today than it should be. Now I know why!
If your business is dependent 'on a ton of government leadership', i.e., MONEY, you do not have a legitimate business. This sounds like a total climate change scam which ended as all scams do. But I bet Mr Odlin came out of it well off.
The guy should have invested in Tulips.
There were a hot item once upon a time and at least he would have some nice flowers.
Somebody has some offshore accounts.
I never saw this coming.
Farmers.
But farmers also emit smaller amounts of carbon along the way, so ruling class hates them and wants them destroyed.
It's almost as if the carbon business is a BS excuse for profiteering and pushing people around.
They were attempting to run an extortion ring using .gov to collect money at gunpoint.
Bkmk
They forgot to exhale.
Marty Odlin is the new P.T. Barnum "There's a carbon sucker born every minute".
What did they do with their money? Did they have some kind of mechanical systems that required maintenance/replacement?
How many new millionaires were made with this scam?
Selling Carbon Credits = A Scam...
“It’s a sad day,” he said in a phone interview. (From his beach house in Martinique)
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?
“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 ...