The useless “carbon offsets” market

Here’s a note from Andrew Whitman about this article describing how a compay sold millions of dollars of useless carbon offsets:

NCS will be critical but offsets are failing to prove themselves: “There’s a distinct possibility that a great deal of existing carbon offsets are effectively fake” CEO of Lyme Timber Co., a $1.2 billion investment company in Hanover, N.H. which has sold $53 million worth of carbon credits.