The Green Enron

August 21, 2009 by
Filed under: Environment, Politics 

One thing that has been pretty clear for a while is that so-called “carbon offset credits” are mostly a scam run on the gullible. Even the NY Times has admitted it.

Also keep in mind that these so-called “carbon offset credits” are at the heart of the “Cap and Tax” scheme our Dear Leader and the congressional democrats are trying to shove down the throats of the American People.

Here is another block of evidence to support the “it’s a scam” school of rational thought.

The UK Telegraph reports the following:

Officers from HM Revenue & Customs searched both residential properties and offices in both Gravesend and London targeting an alleged network of organised crime.

Members are believed to have been trading large volumes of high-value carbon credits from overseas sources free of VAT.

Tax investigators believe these may then have been sold on to businesses in the UK charging VAT that is never paid to the authorities.

So far, the cash total in this “green” criminal enterprise $62.8 Million.

The nice man at Watts Up With That has noted that someone has already done a Masters Thesis on just how ripe the so-called “carbon offset credits” for fraud.

Let us look at the most famous peddler of these Modern Plenary Indulgences here in the United States of America, Al Gore.  Selling Carbon Offset Credits has been very, very good to Al Gore.  He owns a mansion and yacht.  Not just any mansion, mind you, but one that uses more electricity in a month than the average American home uses in a year! Like other eco-hypocrits pushing the Carbon Offset Credit Scam, Al Gore also isn’t giving up his use of private jets, which produce about four and half tons of carbon per hour of flight time.

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