Two carbon-market millionaires take a hit as UN clamps down
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Two carbon-market millionaires take a hit as UN clamps down
by Ich bin Ala-awkbarph Mon Apr 14, 2008 4:24 am
Two carbon-market millionaires take a hit as UN clamps down
MoneyWeb ^ | 041408 | Jeffrey Ball
I am willing to sell some carbon credits to the highest bidder. I have a one acre estate here. If I allow my grass to grow to a foot high, then I am increasing the area of CO2 absorbing grass to twelve times the amount--or twelve acres of carbon scrubbing! I am pretty certain that I can get a few others here on the board to do the same. Well, just think of the money we could make--and how many drowning polar bears could be saved. Are you with me?
MoneyWeb ^ | 041408 | Jeffrey Ball
OXFORD, England -- Marc Stuart and Pedro Moura Costa have become multimillionaires in a booming new market designed to fight global warming. Now, their empire is under attack. Their firm, United Kingdom-based EcoSecurities Ltd., helps companies in the industrialized world meet their obligations to pollute less by selling them "credits" that fund clean-air projects in poorer nations. Last year, some $9.4 billion in these credits were traded, up from almost none four years earlier
I am willing to sell some carbon credits to the highest bidder. I have a one acre estate here. If I allow my grass to grow to a foot high, then I am increasing the area of CO2 absorbing grass to twelve times the amount--or twelve acres of carbon scrubbing! I am pretty certain that I can get a few others here on the board to do the same. Well, just think of the money we could make--and how many drowning polar bears could be saved. Are you with me?
Ich bin Ala-awkbarph- Number of posts : 2310
Age : 73
Location : The Caliphate of Zarr Chasmistan, WV
Registration date : 2008-01-28
Re: Two carbon-market millionaires take a hit as UN clamps down
by ziggy Mon Apr 14, 2008 8:36 am
And your point is what? That crooks and mismanagement can occur
in about all sectors of the economy?
The Montgomery Ward, the Enron and the Bear-Stearns houses of cards taught us that already.
in about all sectors of the economy?
The Montgomery Ward, the Enron and the Bear-Stearns houses of cards taught us that already.
ziggy- Moderator
- Number of posts : 5731
Location : Jackson County, WV
Registration date : 2007-12-28
Re: Two carbon-market millionaires take a hit as UN clamps down
by Ich bin Ala-awkbarph Mon Apr 14, 2008 9:17 am
ziggy wrote:And your point is what? That crooks and mismanagement can occur
in about all sectors of the economy?
The Montgomery Ward, the Enron and the Bear-Stearns houses of cards taught us that already.
Okay, Ziggy or SFCraig...I'll put you both down as undecided.
Ich bin Ala-awkbarph- Number of posts : 2310
Age : 73
Location : The Caliphate of Zarr Chasmistan, WV
Registration date : 2008-01-28
Re: Two carbon-market millionaires take a hit as UN clamps down
by SamCogar Tue Apr 15, 2008 3:48 am
And your point is what? That crooks and mismanagement can occur
in about all sectors of the economy?
Except the Public Employees sector of the West Virginia economy, ....... right?
.
SamCogar- Number of posts : 6238
Location : Burnsville, WV
Registration date : 2007-12-28
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