Thursday, April 26, 2007

Are 'Carbon Offsets' the New Snakeoil?

Actually, no. Snakeoil is more tangible.

From Financial Times:
Companies and individuals rushing to go green have been spending millions on “carbon credit” projects that yield few if any environmental benefits.

A Financial Times investigation has uncovered widespread failings in the new markets for greenhouse gases, suggesting some organisations are paying for emissions reductions that do not take place.