Capitalism is bizarre
August 29th, 2007 by rbanks
Buying forests in order to offset them for carbon credits
Avant-Green Capitalists Trade Pollution Offsets Like Carbon Credits
“He wasn’t there to clear-cut the rain forest. In fact, soon after scoping out that land, he hopped on a plane to London where, in a matter of weeks, he raised $200 million to buy tracts of forest like the one in Borneo ? and he’s not going to raze those, either. They’re investments. The return will come from deals with companies shopping for pollution offsets or with NGOs and governments that will pay to protect the planet’s wild places ? not because they’re pretty, but because they perform a service.”
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