SYDNEY carbon credits company thought to have been running some of the world's biggest offsets deals appears to be a fake, shifting paper certificates instead of saving forests and cutting greenhouse emissions.
Shift2neutral says it has made high-profile events such as the Australian PGA golf championship and the Sydney Turf Club's world-first ''green race day'' carbon neutral.
But deals to generate more than $1 billion worth of carbon credits by saving jungles from logging in the Philippines, the Congo and across south-east Asia do not seem to exist.
The global network of investors and carbon offset certifiers supposed to be brokering deals with foreign presidents and the World Bank can be traced to a modest office in a shopping village in Westleigh, staffed by shift2neutral's founder, Brett Goldsworthy.
Friday, April 8, 2011
Carbon credit scam
I'm not surprised by this story. If anything an ETS would be worse then a carbon tax as it would create more opportunities for scammers.