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 The scandal of carbon credit firm

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RR Phantom

RR Phantom

Location : Wasted Space
Job/hobbies : Cayman Islands Actuary

The scandal of carbon credit firm Vide
PostSubject: The scandal of carbon credit firm   The scandal of carbon credit firm Icon_minitimeFri Apr 08, 2011 4:17 am

A SYDNEY carbon credits company thought to have been running some of the world's biggest offsets deals appears to be a fake, shifting paper certificates instead of saving forests and cutting greenhouse emissions.

Shift2neutral says it has made high-profile events such as the Australian PGA golf championship and the Sydney Turf Club's world-first ''green race day'' carbon neutral.

But deals to generate more than $1 billion worth of carbon credits by saving jungles from logging in the Philippines, the Congo and across south-east Asia do not seem to exist.

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