Quote:
Originally Posted by Car-Addicted
Shocked, Shocked I say 
The Carbon Credit Scam: Financial Cost, Virtue Signaling, Little or No Environmental Benefit
May. 24, 2024
Investigators have found that at least part of the carbon-neutral claims by airlines are backed by credits earned from preventing deforestation of forests that were never under threat.
Every year, China leads the world in coal consumption, burning 4,319,921,826 tons for everything from electricity generation to steel production. But it is deemed acceptable because China also plants a lot of trees and has created a market for trading carbon credits.
The irony of earning carbon credits by developing wind, solar, and alternative energy projects is that the company itself doesn’t need to switch to renewable energy. Instead, it can finance the installation of a windmill in a village in Bangladesh, thousands of miles away. There is no requirement that the village was previously burning coal or even had electricity. Furthermore, whether the village actually uses the windmill is not directly relevant.
Shell Oil became the target of international media when it was discovered they were playing a massive carbon credit shell game in China. Shell claimed thousands of credits for convincing Chinese farmers to use a carbon-saving farming method that about half of them had been using before the project even began. Even more comical was that the broker for these credits was PetroChina, a Chinese state-owned oil company.
Ultimately, carbon credits incentivize the buying and selling of carbon credits, rather than reducing the amount of pollution companies produce. Shell is a classic example of this; the company now has a very lucrative business line of creating and selling carbon credits.
https://www.thegatewaypundit.com/202...naling-little/
Big money to be made in the Green Grift.  Give a Power Point presentation to some low IQ politician and let the bucks flow. |
In short the real crooks are hiding behind corporate placards taking the gubment for a ride who are fleecing peoples taxes.