Posted on 05/28/2023 12:50:35 PM PDT by E. Pluribus Unum
The CEO of one of the world’s foremost certifiers of so-called carbon credits announced that he will step down. David Antonioli, CEO of the climate-action nonprofit known as Verra announced that he will be leaving his position at the organization in June, although he plans to stay on in a reduced, senior-advisory role.
Antonioli will be replaced by the organization’s current president, Judith Simon. The announcement comes after a recent investigation into the group found that approximately 90 percent of its so-called carbon credits are, essentially, worthless and have no measurable impact on carbon reductions.
Antonioli, the organization’s founding CEO, didn’t mention the worthless carbon credits in the announcement on his LinkedIn page.
“I am immensely proud of what Verra has accomplished and of the incredible team that has made it the world’s leading standard-setter for climate action and sustainable development,” Antonioli wrote.
But the forest carbon offsets approved of and encouraged by Antonioli and Verra have been found to be basically “phantom credits,” having nothing to do with reductions in carbon emissions.
Companies as diverse as Disney, Shell, and Gucci have relied on such credits to boost their ESG scores.
But an investigation done by The Guardian, the German newspaper Die Zeit, and SourceMaterial, a nonproftit investigative journalism group, found that just a few of Verra’s rainforest projects showed any evidence of halting deforestation, which climate alarmists claim is a major factor allowing runaway global warming.
In addition, the investigation found that the threats to rainforests on projects that Verra was issuing carbon credits for were overestimated by 400 percent, according to a 2022 University of Cambridge study.
The investigation also found the projects initiated by Verra had some serious “human rights” abuses associated with them, including forced evictions and destruction of private homes.
(Excerpt) Read more at thenewamerican.com ...
“Carbon-credit Scammer...”
How about virtually EVERY leader in the West?
xxxxxxxxxxxxxx
gore, kerry, hildabeast, klaus.....
carbon credits could be one of the world’s biggest all time frauds
“Antonioli will be replaced by the organization’s current president, Judith Simon.”
In other words, the scam will continue to operate.
“The announcement comes after a recent investigation into the group found that approximately 90 percent of its so-called carbon credits are, essentially, worthless and have no measurable impact on carbon reductions.”
Well, duh!
I am ENRAGED by this scam!
(Because I had the idea LONG before he did, and didn’t act on it).
There was a guy with a web page some years back.
He had or worked for a company that cleared land, for development, to clear trails, whatever.
He, for a while, sold carbon debits, based on the number of trees he cleared.
At least that was no scam.
We knew that.
Carbon credits a big scam....who knew?
Guardian article:
approximately 90 percent of its so-called carbon credits are, essentially, worthless and have no measurable impact on carbon reductions.
Hooda thunkit?
“approximately 90 percent of its so-called carbon credits are, essentially, worthless and have no measurable impact on carbon reductions”
I hope no one tells Al Gore that or it might be fatal.
Clearing trees for carbon credits or debits is a scam.
Al Gore is making money hand over fist so why would he care if they are worthless. His only worry is the gullible people finding out.
“ Antonioli has overseen a period of tremendous growth for the company. In the last two years alone Verra’s annual revenues have more than tripled, reaching $40.5 million a year. In 2021 it made 92% of its money by taking a cut from the sale of carbon credits.”
$350,000/yr + perks
Carbon credits are not worthless. Just ask Elon Musk. His car company has raked in billions on the carbon credit grift.
Did John Kerry-Heinz get his money out or is he going to double down and bet on a government bailout?
Wow! Who knew?!?
I thought Algore owned the Carbon Credit Scam , all of it ,LOL
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.