- People have been buying fake carbon credits for a long time. There’s very little incentive to validate the authenticity of the credit/offset. The press release is usually all the value they’re looking for.
I’ve only just now heard of someone getting in trouble for selling them. It’s about time.
- Just a reminder that Brazil bulldozed parts of the protected Amazon rainforest to build a 4 lane highway for the COP 30 climate summit this year. Thousands (50,000?) of "climate champions" burned millions of liters of fossil jet fuel flying from around the world (many on private jets), then drove on a freshly bulldozed highway through cleared Amazon land. Seems a bit ironic.
https://www.bbc.com/news/articles/c9vy191rgn1o
Brazil is also bulldozing large swaths of the rainforest to build thousands of kilometers of roads to sea ports to access trade routes with China.
https://www.reuters.com/world/americas/brazils-lula-backs-hi...
Oh yeah, Lula wants rich nations to pay billions of dollars to Brazil annually to protect the rainforest.
by cheschire
2 subcomments
- Remember how people used to talk about the environment and stuff, back before AI made everyone turn a hard 180?
What place do carbon credits even have anymore in this economy?
- It’s laden with fraud everywhere, sadly. US regulators like SEC have no interest in auditing, from what I’ve seen. “Spice must flow” attitude.
- I get very frustrated by "carbon credits". This is an example of criminal fraud. But the whole idea is begging for fraud. It is a fraudulent concept from start to finish
Reminds me of the Catholic's concept of "indulgences". Sin the sins, pay a fee, and go to heaven.
In this case the "sins", and the sinners, are burning the world for profit
by _trampeltier
0 subcomment
- Don't are they all? It would be almost more newsworthy if somebody could present a bit bigger serious carbon credit thing.
- > The police investigation confirmed that two REDD+ project areas were generating carbon credits at the same time they were being used to launder timber taken from other illegally deforested areas.
> Both projects, which cover more than 140,000 hectares (around 350,000 acres), are located in the municipality of Lábrea in the south of Amazonas state. The area has been identified as one of the newest and most aggressive deforestation frontiers in the Brazilian Amazon.
> ...led by Élcio Aparecido Moço and José Luiz Capelasso.
> In 2017, Moço had been sentenced for timber laundering, but in 2019, another court overruled his sentencing. In 2019, he was also indicted for allegedly bribing two public officials.
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It's strange that a conman doesn't seem to be able to change his spots.
- Will they line these people up in the street and kill them like they did to 100+ people for a low-level drug dealer "sweep"?
Something tells me not. The global push toward hyper-violent policing feels one sided class wise.
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