How to sell fake carbon credits: ‘I probably will go to jail’

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A scheme to protect trees in Zimbabwe generated big profits but didn’t help global warming,

You are an environmentalist: You want to avert climate change, and you think that the carbon offsets business is a good way to do it. Your motives are essentially idealistic.

If you came to carbon credits as an environmentalist, then you will take this news badly. You might announce your findings, apologise, pay back the money and promise to do better. You might resign in a huff. Or you might not. You might haveto the business as an environmentalist, but it’s a good business. You might have gotten used to the money. You might say “ehh it’s good enough.

“To Heuberger’s mind, the Kariba project was as good as it needed to be: ‘Is it perfect? Is the guy a hundred per cent? Every dollar always a hundred per cent?’ He shrugged. ‘You have to navigate your way around.’”CEO, who decided that carbon credits were fake and quit: And was ignored, according to the article: “Heuberger was disinclined to listen to Muench. ‘He’s very driven– – the mind-set is totally on impact,’ Heuberger told me. ‘For him, there’s only good and bad.’ South Pole removed Muench from the inquiry into Wentzel’s finances, after which ‘the relationship and flow of information proved to be more productive again,’ the company said.”

“Wentzel’s demeanour seemed to lighten as he unburdened himself, and he began to stage a mock interrogation. ‘Can I see the?’ he boomed, referring to the code that banks use for international payments. ‘The money got there swiftly, but I can’t tell you what thewas.’ Suddenly his waggish smile gave way to a frown. ‘I don’t know what you’re going to report on this, and I hope to God it’s not all of it, because I probably will go to jail,’ he said. Then he reassured himself.

 

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