Bailed-Out GM Spends Millions on Phantom Carbon Offsets | National Legal and Policy Center: "A report on the Businessweek Web site Thursday illustrated how Chevrolet, General Motors’ subsidiary which gets most of its media love these days over the hyper-sensationalized electric Volt, is building its “Green-cred” in ways other than by the vehicles it manufactures.
But just as with the tax credit program for the Volt, in which dealers were discovered to be selling the vehicles to other dealers who then claim the $7,500 credit for themselves, all is not what it appears to be.
The story is about a program Chevy announced late last year, in which the company promised to purchase carbon dioxide offsets that would fund “environmentally-friendly” projects, which would counterbalance the emissions created by the 1.9 million vehicles the company expects to sell in 2011. Among the projects Chevrolet said would be funded were forestry projects, methane capture from landfills, wind farms, solar farms, and energy efficiency projects and upgrades."
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