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That's it exactly, "commoditized a communal resource for private gain." The workings of capitalism - privatize the profits, socialize the expenses (or in this case, low wages and imaginary "ownership" of the project). In this new colonialism, the rich North has a new need - imaginary carbon indulgences - and they assume all of the global South is theirs for the taking.

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This is the true face of climate change 'mitigation'. The spin is green but the underbelly is colonialism.

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