Wednesday, June 19, 2024

The blue-carbon scandal

Piles of wood shavings left on Grundartanga by the environmental princes of the Running Tide company be burned to power a metal alloy factory. The wood piles plus 300 tons of limestone powder in sacks and a number of equipment were advertised for sale after Running Tide suddenly stopped all operations in Iceland and the United States. The company washed 20,000 tonnes of wood pulp into the sea last year, claiming to sequester carbon. This was done with the government's permission and the company intended to profit significantly from carbon mess by selling intended carbon sequestration.

Journalists at Heimildin investigated this carbon fraud. https://heimildin.is/grein/22167/

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