New Firm Sells Carbon Credits So Cos. Can Keep “Polluting”

A new industry has popped up to buy and sell so-called carbon credits, allowing companies that reduce carbon dioxide from the atmosphere to offer credits for sale, and companies that "pollute" the atmosphere with CO2 to buy those credits, offsetting their evil ways. We think the Catholic practice of buying and selling indulgences for sins in the 1300s and 1400s is an accurate comparison. One such company offers a blockchain platform for buying and selling carbon credits (carbon indulgences). The company has just raised $70 million in its first round of funding.

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