Inside Track
Carbon-credit Scammer Steps Down
David Antonioli announced on May 22 that he will step down as CEO of the climate-action nonprofit Verra, one of the world’s foremost certifiers of so-called carbon credits. The announcement comes after a recent investigation into the group found that approximately 90 percent of Verra’s “carbon credits” are worthless and have no measurable impact on carbon reductions.
As reported by The Guardian, a joint investigation completed in January by The Guardian, the German newspaper Die Zeit, and SourceMaterial, a nonprofit investigative journalism group, found that only a few of Verra’s rainforest projects showed any evidence of halting deforestation, which climate alarmists claim is a major factor allowing runaway global warming. The investigation also found that the threats to rainforests on projects for which Verra was issuing carbon credits were overestimated by 400 percent, according to a 2022 University of Cambridge study.
According to lead author Thales West from the University of Amsterdam, “The evidence from the analysis … suggests we cannot [trust Verra’s predictions about deforestation].” Erin Sills, a professor at the Department of Forestry and Environmental Resources at North Carolina State, was also vexed with Verra, calling the results of the Cambridge study “disappointing and scary.”
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