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International-UN-NGOs
Request for Urgent Business Relationship
2007-04-26
Companies and individuals rushing to go green have been spending millions on “carbon credit” projects that yield few if any environmental benefits.
FIRST, I MUST SOLICIT YOUR STRICTEST CONFIDENCE IN THIS TRANSACTION. THIS IS BY VIRTUE OF ITS NATURE AS BEING UTTERLY CONFIDENTIAL AND 'TOP SECRET'. I AM SURE AND HAVE CONFIDENCE OF YOUR ABILITY AND RELIABILITY TO PROSECUTE A TRANSACTION OF THIS GREAT MAGNITUDE INVOLVING A PENDING TRANSACTION REQUIRING MAXIIMUM CONFIDENCE.
A Financial Times investigation has uncovered widespread failings in the new markets for greenhouse gases, suggesting some organisations are paying for emissions reductions that do not take place. Others are meanwhile making big profits from carbon trading for very small expenditure and in some cases for clean-ups that they would have made anyway.
WE ARE TOP OFFICIAL OF THE FEDERAL GOVERNMENT CONTRACT REVIEW PANEL WHO ARE INTERESTED IN IMPORATION OF GOODS INTO OUR COUNTRY WITH FUNDS WHICH ARE PRESENTLY TRAPPED IN NIGERIA. IN ORDER TO COMMENCE THIS BUSINESS WE SOLICIT YOUR ASSISTANCE TO ENABLE US TRANSFER INTO YOUR ACCOUNT THE SAID TRAPPED FUNDS.
The growing political salience of environmental politics has sparked a “green gold rush”, which has seen a dramatic expansion in the number of businesses offering both companies and individuals the chance to go “carbon neutral”, offsetting their own energy use by buying carbon credits that cancel out their contribution to global warming. The burgeoning regulated market for carbon credits is expected to more than double in size to about $68.2bn by 2010, with the unregulated voluntary sector rising to $4bn in the same period.
HOWEVER, BY VIRTUE OF OUR POSITION AS CIVIL SERVANTS AND MEMBERS OF THIS PANEL, WE CANNOT ACQUIRE THIS MONEY IN OUR NAMES. I HAVE THEREFORE, BEEN DELEGATED AS A MATTER OF TRUST BY MY COLLEAGUES OF THE PANEL TO LOOK FOR AN OVERSEAS PARTNER INTO WHOSE ACCOUNT WE WOULD TRANSFER THE SUM OF US$21,320,000.00(TWENTY ONE MILLION, THREE HUNDRED AND TWENTY THOUSAND U.S DOLLARS). HENCE WE ARE WRITING YOU THIS LETTER. WE HAVE AGREED TO SHARE THE MONEY THUS; 1. 20% FOR THE ACCOUNT OWNER 2. 70% FOR US (THE OFFICIALS) 3. 10% TO BE USED IN SETTLING TAXATION AND ALL LOCAL AND FOREIGN EXPENSES. IT IS FROM THE 70% THAT WE WISH TO COMMENCE THE IMPORTATION BUSINESS.

The FT investigation found:

■ Widespread instances of people and organisations buying worthless credits that do not yield any reductions in carbon emissions.

■ Industrial companies profiting from doing very little – or from gaining carbon credits on the basis of efficiency gains from which they have already benefited substantially.

■ Brokers providing services of questionable or no value.

■ A shortage of verification, making it difficult for buyers to assess the true value of carbon credits.

■ Companies and individuals being charged over the odds for the private purchase of European Union carbon permits that have plummeted in value because they do not result in emissions cuts.

PLEASE,NOTE THAT THIS TRANSACTION IS 100% SAFE AND WE HOPE TO COMMENCE THE TRANSFER LATEST SEVEN (7) BANKING DAYS FROM THE DATE OF THE RECEIPT OF THE FOLLOWING INFORMATIOM BY TEL/FAX; 234-1-7740449, YOUR COMPANY'S SIGNED, AND STAMPED LETTERHEAD PAPER THE ABOVE INFORMATION WILL ENABLE US WRITE LETTERS OF CLAIM AND JOB DESCRIPTION RESPECTIVELY. THIS WAY WE WILL USE YOUR COMPANY'S NAME TO APPLY FOR PAYMENT AND RE-AWARD THE CONTRACT IN YOUR COMPANY'S NAME.
Francis Sullivan, environment adviser at HSBC, the UK’s biggest bank that went carbon-neutral in 2005, said he found “serious credibility concerns” in the offsetting market after evaluating it for several months. “The police, the fraud squad and trading standards need to be looking into this. Otherwise people will lose faith in it,” he said.

These concerns led the bank to ignore the market and fund its own carbon reduction projects directly.
WE ARE LOOKING FORWARD TO DOING THIS BUSINESS WITH YOU AND SOLICIT YOUR CONFIDENTIALITY IN THIS TRANSATION. PLEASE ACKNOWLEDGE THE RECEIPT OF THIS LETTER USING THE ABOVE TEL/FAX NUMBERS.
Some companies are benefiting by asking “green” suckers consumers to pay them for cleaning up their own pollution. For instance, DuPont, the chemicals company, invites consumers to pay $4 to eliminate a tonne of carbon dioxide from its plant in Kentucky that produces a potent greenhouse gas called HFC-23. But the equipment required to reduce such gases is relatively cheap. DuPont refused to comment and declined to specify its earnings from the project, saying it was at too early a stage to discuss.

The FT has also found examples of companies setting up as carbon offsetters without appearing to have a clear idea of how the markets operate. In response to FT inquiries about its sourcing of carbon credits, one company, carbonvoucher.com, said it had not taken payments for offsets.

Blue Source, a US offsetting company, invites consumers to offset carbon emissions by investing in enhanced oil recovery, which pumps carbon dioxide into depleted oil wells to bring up the remaining oil. However, Blue Source said that because of the high price of oil, this process was often profitable in itself, meaning operators were making extra revenues from selling “carbon credits” for burying the carbon.
Look mommy, it's raining money.
There is nothing illegal in these practices. However, some companies that are offsetting their emissions have avoided such projects because customers may find them controversial.
What did you just buy? Just wait until the shareholders find out.
BP said it would not buy credits resulting from improvements in industrial efficiency or from most renewable energy projects in developed countries.
Posted by:Danking70

#8  Dang!!
Posted by: Al Gore   2007-04-26 20:30  

#7  But it made Al Gore a household pest name and a millionare again.
Posted by: Cyber Sarge   2007-04-26 13:56  

#6  Any Monopoly players recognize a Get Out of Jail Card. If you can afford it, put the burden on someone else and pat yourself on the back. Right, AlGore ?
Posted by: Woozle Elmeter2970   2007-04-26 12:18  

#5  PT Barnum would have been proud of this scheme. There IS a sucker born every minute.

Maybe RB should get into the carbon credit business. Then we set up an endowment for Burg Operation. Video Conferencing at the OC, unlimited R&D funding for AB. Ima writin up a list of projects. Carbon Credits are the best thing since dot com stocks! WahHOO! We are rich!!!
Posted by: Alaska Paul   2007-04-26 10:06  

#4  This will be this generation's version of the internet startup scam...
Posted by: tu3031   2007-04-26 10:04  

#3  
"Your spam fell in my extortion racket!"
"No, your extortion racket fell into my spam!"

Priceless inline, Danking. Rantburg salutes you this day.
Posted by: Seafarious   2007-04-26 01:23  

#2  O'REILLY > Radical or Xtremist Enviros > as a MOVEMENT in suppor of "MAN-MADE/CAUSED GLOBAL WARMING" Thoeries -Agendas are generally "ANTI-CONSUMER, ANTI-COMPETITION, ANTI-CAPITALIST and ANTI-DEMOCRATIC", or words to that effect. MOVE ALONG, BOYZ, OBVIOUSLY NO SOCIALISM OR TOTALITARIANISM HERE.
Posted by: JosephMendiola   2007-04-26 00:55  

#1  More PENNY COIN-Haters??? C2CAM > JIM MCCANNEY > GLOBAL WARMING is being [falsely] used to intimidate and justify control of many different types of issues, not the least of which is control of resources [ e.g. fresh water]. SAD THINGY > WID MANY RADICAL ENVIROS + ALIGNED POLS, ONE DISASTER OR CATASTROPHIC EVENT(S) IS ALL THEY'LL NEED TO DEMAND GUBMINT = THIRD-PARTY CONTROL.
Posted by: JosephMendiola   2007-04-26 00:51  

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