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The second largest (on paper, at the time) biodiesel credit producer in the US was completely fraudulent: https://www.reuters.com/article/epa-biofuels-lawsuit/
by HideousKojima 3y ago
The second largest (on paper, at the time) biodiesel credit producer in the US was completely fraudulent:
https://www.reuters.com/article/epa-biofuels-lawsuit/trading-firm-sues-us-epa-over-biofuel-credit-scam-idINL2E8FJCP820120423 https://www.reuters.com/article/epa-biofuels-lawsuit/trading...
And he wasn't caught because the EPA did their jobs (they didn't). He got caught because he bought a ton of sports cars and his neighbors assumed he was a drug dealer or something similar and got local PD to start investigating.
Edit: there was an episode of American Greed about it too - https://m.imdb.com/title/tt6806100/plotsummary/?ref_=tt_ov_pl https://m.imdb.com/title/tt6806100/plotsummary/?ref_=tt_ov_p...
- boringg 3y agoBiodesel credits != Carbon Offsets
- Vvector 3y agoIs there something special about carbon offsets that make them immune to the same type of scam?
- boringg 3y agoYes and No. Regulated carbon offsets by robust systems and protocols that are based on scientific evidence are much more viable options. As with all systems there are people who will try and work it to their advantage -- though some systems are more resilient than others. CA regulated market is probably the gold standard. As with all systems it is about creating a market that incentivizes properly and having significant costs to being a bad actor is important.