Daily Caller: Officials at the U.S. Securities and Exchange Commission (SEC) met with representatives of a Swiss climate consultancy firm now under fire for allegedly selling “fictitious” carbon credits, a Daily Caller News Foundation investigation found.
SEC officials met with a representative of South Pole in January 2022 to discuss how the SEC might estimate the costs companies would face if they were made to include data related to their greenhouse gas emissions in their regular financial disclosures, according to a publicly available SEC memorandum. The company, an international powerhouse whose clients include Gucci and Volkswagen, may have sold millions of dollars worth of carbon credits on the promise of environmental protection efforts that never actually occured, according to a report by Dutch investigative journalism outlet Follow the Money.
South Pole manages the “world’s largest portfolio of carbon projects” and allows companies to offset their greenhouse gas emissions by investing in projects that reduce carbon emissions elsewhere, allowing them to meet carbon emissions targets without radically altering their business model, according to its website. However, the firm appears to have sold credits based on its signature Kariba Forest Protection project in Zimbabwe, despite being aware that the project may have only generated one-third of the greenhouse gas offsets the company publicly claimed, Follow the Money reported.
South Pole was cited several times in a proposed regulation issued by the SEC in March 2022, which would mandate companies report climate-related data, as a source for the estimated compliance costs on companies. As recently as January 2023, South Pole published a blog post offering advice to companies about how to best understand the SEC’s proposed climate rules, noting that they were built on the “well-established recommendations from the Task Force on Climate Related Financial Disclosures (TFCD).” more
Carbon Credits,
The Original Crypto & NFT Bullshits
Invented By Alice Gore, the Lispy Secret Ass Fucker!
carbon credits remind me of ken lay & enron
washingtonpost.com/archive/opinions/2002/01/17/milking-the-greens/56eedc69-f4a2-4a65-a2e1-9c4d1a832c35/
not a scam at all
hahahahahahahaha
There is absolutely nothing legitimate about any and all so called carbon credits in the first place. More power to ‘em. What difference to me does it make if some enterprising individual cuts in on the The Party’s action. Fact is, if I had to choose, I might prefer the former. I can promise you one thing for sure and for certain there isn’t a person out there who cashed in on the Covid hoax that wasn’t already invested up to their eyeballs in the Global Warming horseshit.
Carbon credits are EASY!!!
– Place “credit” in a paper bag
– Place on doorstep of elected demtard
– set bag on fire
– ring doorbell
– RUN!!!!
Carbon credits are BS. Speaking of BS or rather bull farts, back when Columbus first landed in the new world the bison population was about 10 times the current cow population and they roamed across most of the US.
Hi Everybody, I’m selling methane credits, cash only. If you purchase $1000.00 or more , you qualify for water vapor credits at 50% off. Supply is limited, so act now!
but… aren’t all carbon credits Fictitious?