macsomjrr wrote:
Those crazy liberals and their do-gooder mentality! What's next? Greener airplanes?!?!? Grumble grumble, bah humbug!
Kudos to the San Francisco airport for implementing an entirely voluntary program to help offset the environmental damage caused by air travel. Just like every other green initiative it'll be mocked early and praised late.
So liberals are the only ones that care about becoming greener? Recycling was mocked? Better emissions were mocked? Bullshit. There you go with your stereotyping again.
I mocked the idea cow farts are causing global warming. I mock buying useless carbon credits as an asinine idea that only helps ease the conscious of the people fu*king up the environment the most. The carbon credit is about as useless as the pet rock. Companies and individuals rushing to go green have been spending millions on "carbon credit" projects that yield few if any environmental benefits other than the chest pounding that our company bought carbon credits!!
The Financial Times investigated Carbon trading.
http://www.ft.com/cms/s/0/48e334ce-f355 ... 10621.html
The burgeoning regulated market for carbon credits is expected to more than double in size to about $68.2bn by 2010, with the unregulated voluntary sector rising to $4bn in the same period.
The FT investigation found:
■ Widespread instances of people and organisations buying worthless credits that do not yield any reductions in carbon emissions.
■ Industrial companies profiting from doing very little – or from gaining carbon credits on the basis of efficiency gains from which they have already benefited substantially.
■ Brokers providing services of questionable or no value.
■ A shortage of verification, making it difficult for buyers to assess the true value of carbon credits.
■ Companies and individuals being charged over the odds for the private purchase of European Union carbon permits that have plummeted in value because they do not result in emissions cuts.
Francis Sullivan, environment adviser at HSBC, the UK’s biggest bank that went carbon-neutral in 2005, said he found “serious credibility concerns” in the offsetting market after evaluating it for several months.
“The police, the fraud squad and trading standards need to be looking into this. Otherwise people will lose faith in it,” he said.
These concerns led the bank to ignore the market and fund its own carbon reduction projects directly.
Some companies are benefiting by asking “green” consumers to pay them for cleaning up their own pollution. For instance, DuPont, the chemicals company, invites consumers to pay $4 to eliminate a tonne of carbon dioxide from its plant in Kentucky that produces a potent greenhouse gas called HFC-23. But the equipment required to reduce such gases is relatively cheap. DuPont refused to comment and declined to specify its earnings from the project, saying it was at too early a stage to discuss.
The FT has also found examples of companies setting up as carbon offsetters without appearing to have a clear idea of how the markets operate. In response to FT inquiries about its sourcing of carbon credits, one company, carbonvoucher.com, said it had not taken payments for offsets.
Blue Source, a US offsetting company, invites consumers to offset carbon emissions by investing in enhanced oil recovery, which pumps carbon dioxide into depleted oil wells to bring up the remaining oil. However, Blue Source said that because of the high price of oil, this process was often profitable in itself, meaning operators were making extra revenues from selling “carbon credits” for burying the carbon.
There is nothing illegal in these practices. However, some companies that are offsetting their emissions have avoided such projects because customers may find them controversial.
BP said it would not buy credits resulting from improvements in industrial efficiency or from most renewable energy projects in developed countries.
You know what that's called? Fraud.
Now, imagine for a moment that these companies were in the oil, electricity, or health care industry and committing such a fraud. Do you think this would be headline news?
Like I stated before. If I'm going to piss my money away on bullshit,it will be tax deductible bullshit. If the Carbon Credit was legit,why isn't it tax deductible? Hell a donation to Rod Parsley is deductible. If that doesn't that tell you how fu*ked up a Carbon Credit is I don't know what will.
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