Sunday, June 4, 2023

Carbon Credit Fraud Revealed

 I'm shocked, shocked, WUWT, More Carbon Credit Fraud Uncovered: CEO of Verra Resigns

The Guardian did a joint investigation and helped uncover large amounts of malfeasance.
It comes amid concerns that Verra, a Washington-based nonprofit, approved tens of millions of worthless offsets that are used by major companies for climate and biodiversity commitments, according to a joint Guardian investigation earlier this year.

The announcement follows a difficult period for Verra, which has seen the environmental integrity of their carbon standard satirised by the comedian John Oliver and journalistic exposés about the integrity of their carbon credit certification process.

In January, a nine-month investigation by the Guardian, the German weekly Die Zeit and the investigative group SourceMaterial found Verra rainforest credits used by Disney, Shell, Gucci and other big corporations were largely worthless, often based on stopping the destruction of rainforests that were not threatened, according to independent studies. It also found evidence of forced evictions at a flagship scheme co-operated by Conservation International in Peru.

Scientists have called for the unregulated system to be urgently reformed to finance climate mitigation and forest conservation despite current concerns about integrity.
Good for the Guardian. You can read the story in its entirety here.

A green scam? Who'da thunk. I wonder if this is where Al Gore and John Kerry buy their climate indulgences? 

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