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Revealed: scandal of carbon credit firm April 10, 2011

Posted by honestclimate in Discussions.
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Revealed: scandal of carbon credit firm

Sydney Morning Herald
8 April 2011

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.

The global network of investors and carbon offset certifiers supposed to be brokering deals with foreign presidents and the World Bank can be traced to a modest office in a shopping village in Westleigh, staffed by shift2neutral’s founder, Brett Goldsworthy.

Mr Goldsworthy insists every certificate for carbon offsets he issues has value and represents a real reduction in greenhouse emissions somewhere in the world. That is what he has told puzzled investors and companies who have unwittingly sought to reduce their carbon footprint.

But when pressed for examples of any specific project that has cut emissions to generate the carbon credits the company offers for sale, he was unable to provide even one.

Read the rest here



1. Oliver K. Manuel - April 10, 2011

Has love of the environment been used to cover a love of money?

“For the love of money is the root of all evil” [I Timothy 6:10]

2. Sean McHugh - April 10, 2011

So, where’s the problem? When you buy certificates for air, you get what you pay for.

3. Karin Green - April 10, 2011

Well – it has been said that there is a sucker born every minute. The rise of profiteering by selling the ephemeral to the gullible would not have come into existence were it not for the unholy alliance of environmentalism, politics and social control. The entire green energy and carbon control only exists because a sufficient number of people with political and financial power came to see as furthering their cause and/or interests. The world needs to wake up and see the profiteers, such as Brett Goldsworthy and Al Gore for what they are – parasites praying on the foolish in the name of saving the planet from the imaginary threat of Anthropomorphic Global Warming. Climate Change is natural, inevitable and real – AGW is not!

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