carbon credits, its so dumb.
I have a customer who is a broker for these things- yes there is a whole business of brokering these things
its a joke. you want to be clean- be clean just because you bought credits you are only interested in the optics of your business being "carbon neutral" . its IMPOSSIBLE to be 100% carbon neutral. the phrase is snake oil
It is huge business. Refineries and power plants are actually making large purchases based on carbon credits....I mean, like changing out major pieces of equipment, it’s not that they are saving a ton (no pun intended) of money in higher efficiently it’s that their rated consumption goes down so that they are, on paper, able to sell more carbon credits.
The value of these is in hundreds of millions of dollars.
Another one I find fascinating: converging oil refineries to bio-diesel processing plants.
They use soybean oil as feedstock to produce a biodiesel fuel. These plants are in places like the upper Midwest (I don’t want to disclose the actual plant) and the fuel is shipped to CA (well, technically I think they use rail cars primarily).
The reason: the owners of these plants (I call them plants but they were refineries just before the conversion) make more profit per gallon than the retail price of petroleum diesel sells for here, which, is:
Your trusted source for nationwide gas prices
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Again, they are PROFITING more than the retail price...and if that doesn’t jar you, or upset you, then I would like to know and maybe have some of that what you are on.
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