by Ethan Huff, Natural News:

South Pole, the world’s leading seller of so-called carbon “credits,” is not what it claims to be.

When it was first hatched, the operation, co-founded by Renat Heuberger, branded itself as a solution to the climate problem of deforestation. By selling carbon offsets to businesses bound by “green” mandates, South Pole would generate a profit to funnel back into local communities and organizations aiming to conserve the environment – or so South Pole told its customers.

In practice, South Pole hurtled towards a valuation of $1 billion while its clients were left holding the bag. Such is the nature of the market for carbon credits and other green scams.