Farmers enrolled in a program that rewards them for storing greenhouse gasses have not gotten payments this year due to a depressed carbon credits market.If you're looking for a place to store greenhouse gases, try the House and Senate chambers.
The National Farmers Union says carbon dioxide credits are fetching about 60 cents a metric ton, down from a high of about $7 a year ago.
National Farmers Union President Roger Johnson says a sluggish worldwide economy and the uncertainty of climate legislation has hurt carbon credit values.
Farmers, ranchers and landowners can participate in the program by using no-till farming practices or growing grasses and trees to limit the release of carbon dioxide.
The program pools carbon credits for sale on the Chicago Climate Exchange, a private agency that trades greenhouse gases and other pollutants just as other exchanges trade such commodities as crops and livestock.
Saturday, August 01, 2009
Farmers Get Scammed on Carbon Credits
When I first read this article I thought it was a parody piece, but no, it's legit:
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1 comment:
Just don't light a match near the White House or Congress, the who place will go up in flames.
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