The wheels are falling off the Climate bandwagon faster than an eco-activist in a private jet. As I reported recently, a slew of the world’s biggest banks are dumping the UN-backed Net-Zero Banking Alliance. Here in Australia, the Queensland government is dumping its investment in ‘green hydrogen’. The Dutton opposition is promising to wind back Chris ‘Boofhead’ Bowen’s mad ‘Net Zero’ schemes in favour of reliable nuclear energy.
Now, even corporate Australia is finally waking up and quietly walking away.
Some of Australia’s biggest companies including Australia Post, Canva, Telstra and PwC have quit the federal scheme that allows them to claim net-zero carbon emissions amid mounting integrity concerns.
Australian corporations have spent hundreds of millions of dollars in the past decade buying offsets in the voluntary market to reduce their climate footprint.
Too late, they’re realising what the rest of us could see from the get go: the whole thing is a massive scam.
Australia’s biggest carbon credit scheme is barely removing any greenhouse gas from the atmosphere, according to a new study, despite hundreds of millions of dollars being pumped into it by businesses and the government.
One of the study’s authors, Dr Megan Evans from UNSW Canberra, said the findings about the Human Induced Regeneration scheme, known as HIR, pointed to “such huge failures that it’s almost beyond belief”.
This is the Climate Cult we’re talking about. Nothing is beyond belief with those loons. The only thing beyond belief is just how so many supposedly hard-headed captains of industry got suckered into such an obvious ripoff.
The HIR is intended to allow farmers and project proponents to reduce stock and feral animals from vast areas of rangeland Australia which, they argue, allows forest to regrow there in a way it would not otherwise.
Credits are then issued for each tonne of carbon dioxide abated by the assumed growth in trees based on a model of how the forest should regrow in those areas, plus on regular audits.
The new research from a group of ANU and UNSW scientists, led by Professor Andrew Macintosh, used historical and current satellite images to suggest there was no meaningful change between forest growth on areas that were claiming carbon credits compared with neighbouring areas.
The new paper suggests that whatever trees have grown on the 116 projects surveyed was overwhelmingly due to recent rainfall, not the human management of projects.
Having burned their fingers, the woke corporates are dropping the whole racket faster than you can say ‘Bud Light’.
More than 100 companies have left the Climate Active scheme in the past two years, with the damaging corporate departures prompting the federal government to consider radically reshaping or shutting down the so-called “voluntary market” in carbon credits […]
Companies to have walked away include Australia Post, the Cbus superannuation fund, Telstra, NRMA, Canva and PwC. Even the Clean Energy Finance Corporation, the federal government’s $30 billion “green bank”, pulled out of Climate Active last October. The Property Council of Australia, in a climate position paper, flagged concerns that establishing the “origin, credibility and environmental integrity [of carbon credits] can be challenging”, and that poor quality credits present “a reputational risk to those relying on them”.
Which is a long way of saying, ‘We’ve been had’.
Besides the colossal waste of money, the hoax is exposing the deplorable influence of activist ‘scientists’, who bully genuine scientists into conforming with their fraudulent narrative.
The top scientist who led an inquiry into Australia’s multibillion-dollar carbon market has slammed the carbon watchdog’s interference in his review after it was revealed senior executives repeatedly contacted scientists to alter their submissions.
Professor Ian Chubb told this masthead that approaches by Clean Energy Regulator executive Shayleen Thompson to the CSIRO and the Wentworth Group of Scientists during his review of Australian carbon credits were “entirely inappropriate”.
The Wentworth Group of ‘Scientists’ are the same group of eco-activist bullies who ruinously meddled in Australia’s water policies for years. Thanks to these loons, gigalitres of fresh water get dumped at sea while farms go dry and South Australian towns get rat’s piss coming out of their taps.
Word to the not-so-wise: you can be a scientist, or you can be an activist. You can’t be both.
