May 24, 2023·edited May 24, 2023Liked by Chris Lang
Verra has been responsible for hundreds of millions of worthless carbon credits, sold for billions of dollars, coming to market. Their purchasers might now well be wondering who is accountable. Antonioli is the obvious fall-guy, and clearly with a heavy burden of culpability. But the lawyers will no doubt also be looking closely at the role of the Verra Board, which allowed the issuance of non-credible credits to continue unabated for more than a decade.
Well, "non-credible credits" is kind of an oxymoron; considering the source, a virtual "who's who" of Big Business, the "credits" MUST be worthless as to their true effect, but promoted as a valued tool to be sold to the unsuspecting. They have the same value as Holy Water, for absolving your sin of polluting. Take tap water, bless it, then sprinkle on the the sinner. Take a photo of some land, call it an offset, and sell some meaningless attribute of it to someone dumb enough to think it has value. Capitalism at its best!
Verra has been responsible for hundreds of millions of worthless carbon credits, sold for billions of dollars, coming to market. Their purchasers might now well be wondering who is accountable. Antonioli is the obvious fall-guy, and clearly with a heavy burden of culpability. But the lawyers will no doubt also be looking closely at the role of the Verra Board, which allowed the issuance of non-credible credits to continue unabated for more than a decade.
Well, "non-credible credits" is kind of an oxymoron; considering the source, a virtual "who's who" of Big Business, the "credits" MUST be worthless as to their true effect, but promoted as a valued tool to be sold to the unsuspecting. They have the same value as Holy Water, for absolving your sin of polluting. Take tap water, bless it, then sprinkle on the the sinner. Take a photo of some land, call it an offset, and sell some meaningless attribute of it to someone dumb enough to think it has value. Capitalism at its best!