UN Suspends Leading Carbon-Offset Firm
December 10th, 2008The main Magic-8 ball of the fart tax industrial complex is, itself, spewing BS.
Via: Nature:
As international climate talks began last week in Poland, the United Nations (UN) suspended the work of the main company that validates carbon-offset projects in developing countries, sending shockwaves through the emissions-trading business.
Based in Oslo, Det Norske Veritas has in the past four years validated and certified almost half of the 1,200 projects approved under the 1997 Kyoto Protocol’s Clean Development Mechanism (CDM). At its meeting on 28 November in Pozna?, the CDM’s executive board temporarily withdrew Det Norske Veritas’s accreditation after a spot check carried out in early November at the firm’s headquarters revealed serious flaws in project management.
The board did not specify which projects are affected, but cites problems with the company’s internal auditing processes, and says that one of its staff members was verifying CDM projects without proper qualifications. As a result, “validation activities could not be demonstrated to be based on appropriate sectoral expertise”, the board reports.
Research Credit: JH
