Uncreditworthy
Nov 8, 2012
Bishop Hill in Climate: other

There is an interesting article on the Financial Times Adviser website on the subject of carbon credits. These worthless bits of paper are apparently being touted as investments and their sale as such is not regulated.

For some perverse reason it appears perfectly legal for a non-regulated firm to set up and promote carbon credit schemes to ordinary members of the public, and do so without the regulator being involved because the sale of carbon credits is not regulated. This is despite the fact that they are promoted as ‘investments’.

And it seems that people are being fleeced of their life savings by crooked carbon credit conmen.

Just more collateral damage in the struggle to "save the planet". Look upon your works ye mighty greens, and despair.

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