{"id":536302,"date":"2010-04-20T15:41:46","date_gmt":"2010-04-20T19:41:46","guid":{"rendered":"http:\/\/climaterealists.com\/index.php?id=5577"},"modified":"2010-04-20T15:41:46","modified_gmt":"2010-04-20T19:41:46","slug":"carbon-offsets-how-a-vatican-forest-failed-to-reduce-global-warming","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/536302","title":{"rendered":"Carbon offsets: How a Vatican forest failed to reduce global warming"},"content":{"rendered":"

Article Tags: Carbon Trading<\/a><\/p>\n

From a scheme to create an algae bloom in the South Pacific to a Vatican forest in the plains of Hungary \u2013 how one carbon offset developer’s ideas failed to reduce global warming.<\/em><\/strong><\/p>\n

Russ George described himself as a man of vision. He certainly envisioned making money.<\/p>\n

The San Francisco promoter saw the profit of promising to remove carbon dioxide from the air, and selling that promise as carbon offsets to polluters, a plan he touted in interviews, press releases, and even to a congressional committee.<\/p>\n

He just needed seed money. Nelson Skalbania, a high-profile Canadian real estate trader who had spent a year wearing a court-supervised electronic bracelet for a conviction in Canada of misappropriating $100,000 in investor funds, was just the kind of \u201cgreen angel\u201d \u2013 as Mr. George called him \u2013 who would put up the money.<\/p>\n

With Mr. Skalbania\u2019s backing, George bought the 152-foot research vessel Weatherbird II, repainted it with his new company name \u2013 Planktos \u2013 and hired a crew to sail for the Galapagos Islands in summer 2007.<\/p>\n

His plan was to enlist one of nature\u2019s carbon sponges, algae. He\u2019d scatter a fertilizer of iron dust on 2.4 million acres of the South Pacific, he announced. In three weeks, it would produce a massive bloom of phytoplankton algae, which would inhale carbon dioxide, then sink with the carbon. George would sell his estimate of the absorbed carbon as \u201ccarbon offsets\u201d at $5 a ton and make millions.
\n
\nSource: csmonitor.com<\/p>\n

Read in full with comments \u00bb<\/a>   <\/p>\n

<\/img><\/a>
\n<\/img><\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Article Tags: Carbon Trading From a scheme to create an algae bloom in the South Pacific to a Vatican forest in the plains of Hungary \u2013 how one carbon offset developer’s ideas failed to reduce global warming. Russ George described himself as a man of vision. He certainly envisioned making money. The San Francisco promoter […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-536302","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/536302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=536302"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/536302\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=536302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=536302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=536302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}