Videos from April 15th, 2010 Rally against Carbon Trading: http://www.indybay.org/newsitems/2010/04/21/18645298.php
In order to respond to the present climate emergency in a just and equitable way, the rich countries of the world must take a lead on reducing greenhouse gas pollution that is threatening global climate catastrophe. But corporations and rich developed nations are pushing for policies that would allow them to “reduce” emissions by purchasing carbon “credits.” Unfortunately, carbon credits can be created through offset projects which supposedly reduce emissions in developing countries so that the companies or people purchasing the offsets don’t have to do anything to reduce emissions themselves. The problem is that these projects are frequently hard to monitor and fail to deliver the emissions reductions that they promise. Offsets essentially allow rich countries and corporations to purchase indulgences to keep polluting.
For example, the Nigerian government has stated its intention to participate in carbon trading and several oil companies are attempting to receive emissions credits. If this goes unchallenged, Chevron will be allowed to receive emissions reductions credits for ending the illegal and immoral practice of gas flaring in Nigeria. Under carbon trading proposals being considered in the US Congress, Chevron could keep polluting here at home, like at its refinery in Richmond, the biggest single source of greenhouse gas emissions in CA. It’s almost like a bully demanding a ransom to stop beating you up.
More Details: Carbon Trading 101