London Olympics Drops Carbon-Offset Plan- Bloomberg
Organizers of the London 2012 Olympic Games dropped a plan to cut carbon emissions during the sporting showcase, abandoning a pledge made when it defeated eight other cities to host the event.
Games administrators will “no longer pursue formal offsetting procedures” to mitigate Olympics-related emissions, documents posted on the London Olympics website said.
...By ditching the program, LOCOG may avoid spending as much as 2.7 million pounds ($4.4 million), according to prices quoted by brokers MF Global.
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