Friday, May 04, 2007

Al Gore & the Financial Times Carbon Offset Fraud Report

According to the UK's most respected financial publication, there is wide-spread fraud in the continent's carbon credit trading marketplace. Examples include:
  • People buying worthless credits that do not yield any carbon reduction
  • Industrial companies profiting by closing plants
  • Lack of transparent information for assessment of efficacy of carbon reduction programs.
Now our prophet, Al Gore, buys Carbon Credits. From Generation Investment Management for which he is founder and chairman.
Not one of the companies listed as corporate investments by GIM appears to have anything whatsoever to do with reducing green house gases. An observer, perhaps the Financial Times, can draw a conclusion on whether GIM and its Founder fail the sniff test as described above.
Okay, anyone who can point, click, and read can.

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