CNN anchor: Carbon credits = indulgences
posted at 1:50 pm on April 21, 2007 by Ian
CNN business correspondent Ali Velshi said carbon credits is like the idea that “you’re paying” for your sins, and a way for companies to buy their “sins.”
Didn’t Martin Luther tack up a rebellion to this kind of thing a few centuries ago?
ALI VELSHI, CNN CORRESPONDENT: Yeah, this is good. There’s a very sophisticated market developing. The trade in something called carbon offset credits. It allows companies who pollute to basically buy their way out of their sins. Now, some people think it is a good idea. Others think it’s a lot of bull.
VELSHI: It’s exactly the same idea. You can do it on an individual level or a corporate level. It’s the idea that you’re paying or you’re making up for your pollution and your sins.