Say it isn't so, Joe!!
Posted on 05/28/2023 12:50:35 PM PDT by E. Pluribus Unum
The CEO of one of the world’s foremost certifiers of so-called carbon credits announced that he will step down. David Antonioli, CEO of the climate-action nonprofit known as Verra announced that he will be leaving his position at the organization in June, although he plans to stay on in a reduced, senior-advisory role.
Antonioli will be replaced by the organization’s current president, Judith Simon. The announcement comes after a recent investigation into the group found that approximately 90 percent of its so-called carbon credits are, essentially, worthless and have no measurable impact on carbon reductions.
Antonioli, the organization’s founding CEO, didn’t mention the worthless carbon credits in the announcement on his LinkedIn page.
“I am immensely proud of what Verra has accomplished and of the incredible team that has made it the world’s leading standard-setter for climate action and sustainable development,” Antonioli wrote.
But the forest carbon offsets approved of and encouraged by Antonioli and Verra have been found to be basically “phantom credits,” having nothing to do with reductions in carbon emissions.
Companies as diverse as Disney, Shell, and Gucci have relied on such credits to boost their ESG scores.
But an investigation done by The Guardian, the German newspaper Die Zeit, and SourceMaterial, a nonproftit investigative journalism group, found that just a few of Verra’s rainforest projects showed any evidence of halting deforestation, which climate alarmists claim is a major factor allowing runaway global warming.
In addition, the investigation found that the threats to rainforests on projects that Verra was issuing carbon credits for were overestimated by 400 percent, according to a 2022 University of Cambridge study.
The investigation also found the projects initiated by Verra had some serious “human rights” abuses associated with them, including forced evictions and destruction of private homes.
(Excerpt) Read more at thenewamerican.com ...
Worthless? I can print out a trillion ton carbon credit on my printer. I should be a billionaire, at least.
“Carbon-credit Scammer...”
How about virtually EVERY leader in the West?
Stepping down will enable him to spend the money he was paid faster.
What?! Carbon credit programs are a scam?! How can that be?
There is notional value and there is market value.
For a fee of only one million dollars, I will pledge not to cut down a full 100 square miles of rain forest. But hurry, this offer expires soon!
Do you have anything to say Mr. Billionaire?
Yes!
Is my private jet ready for takeoff?
You are truly a shepherd of the Earth.
Then FRAUD
Say it isn't so, Joe!!
“Corporate Address - 903, B-1 9th Floor, NRK Business Park, Scheme 54 PU4, Indore, 452010 , Madhya Pradesh, India”
https://enkingint.org/our-journey-of-becoming-the-worlss-largest-carbon-credit-developer-supplier/
Well, I hope to fleece a few.
Ya don’t say…
If: DemocRAT promise
Then: Worthless
Totally worthless. Guaranteed.
Claims?
I was hoping this was about Al Gore...
But an investigation done by The Guardian, the German newspaper Die Zeit, and SourceMaterial, a nonproftit investigative journalism group, found that just a few of Verra’s rainforest projects showed any evidence of halting deforestation, which climate alarmists claim is a major factor allowing runaway global warming.
Thank you for the chuckles :)
But with carbon credits it is all the same. The only difference is that I can't sell my carbon credits at gun point like the corrupt government with the complicity of the MSM.
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