The Canadian Olympic team and support staff will generate a carbon footprint equivalent to the annual emissions of nearly 300 mid-sized vehicles when they travel to and from the Summer Olympics in London this summer.
But they plan to offset that 1,500 tonnes of greenhouse gas emissions with carbon credits — the first Olympic team so far opting to be carbon-neutral for the London 2012 Games.
...The credits will be given to the Canadian Olympic Committee without charge, said Offsetters CEO James Tansey, noting the carbon credits retail for $20 per tonne based on Offsetters' prices...
But critics of the carbon offset credit system liken it to the medieval European practice of buying papal indulgences to absolve sins — a comparison rejected by the David Suzuki Foundation.
The most egregious stretch of manufactured global warming effects is a 55-page report published in February 2012 by the National Wildlife Federation titled, “The Psychological Effects of Global Warming on the United States: And Why the U.S. Mental Health Care System is Not Adequately Prepared.”
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China Daily reported that the carbon tax has become one of the most politically divisive and bitterly fought tax reforms of this century and governments around the world and in particular Asia, are debating the issue.