Major publicly traded U.S. corporations, including Dow Chemical, ConocoPhillips, Chevron and Cabot Corporation, have secured multi-million-dollar dubious carbon credits to compensate for their greenhouse gas emissions in Europe, as revealed in this investigative report.
The Clean Development Mechanism of the Kyoto Protocol on climate change ended up creating a perverse incentive that gave rise to an emissions reduction scam in Europe.
European investigators had a hard time dealing with cases of misuse of European Union funds in Kosovo due to the complex bureaucracy that regulated the relationship between the EU and the United Nations administration, which was the only official international decision-making authority in the former Serbian province.
This year the European Union plans to spend an additional 70 million euros to help Kosovo work its way towards the goal of becoming a member state. But it has no plan to dig further into the alleged misuse of European taxpayers' money that has been unresolved for the last 10 years.
An ambitious project to produce clean energy for the Netherlands and Belgium has degenerated into a controversial abuse of natural resources in Africa.