Investigation: 78% of carbon offset projects globally are “likely junk“
Three years ago I entered this business as I saw some opportunity. After about a year I got out because everything there was fraud. F R A U D.<p>>most of them exaggerate climate benefits and underestimate the potential harm [...]<p>>projects were categorised as “likely junk or worthless” due to one or more “fundamental failing” that undermines its alleged emissions offsetting power [...]<p>Stop trying to disguise these operations as something else than fraud. These people made no "mistakes", this not a "sorry, we didn't know better" situation, they DID know. It is plain old pre-meditated fraud, the owners knew they were selling crap from the start, they lied about it, still lie about it and they get to profit off that.<p>Edit: Funny, some <i>invisible hand</i> just moved my post from being the top comment for the past hour and getting lots of upvotes every minute, to the very bottom. I must be onto something here :).