MLB teams exposed to carbon offsets may lose money

12/15/09, Globe & Mail: "In mid-2008 – when both Republican and Democratic presidential nominees were backing cap-and-trade –

• the price for credits topped $7 (U.S.) per tonne of CO{-2} emissions.

• They've since fallen to 15 cents."...

From MLB.com, 4/22/08 citing its purchase of 'carbon offsets':

• "Major League Baseball...has stepped up in 2008 as

a powerful leader in the global green movement.... You will just see it emphasized more on this day around the game, sometimes in ways that you won't know,

• such as buying "carbon offsets" --

Seattle Mariners buy carbon offsets:

• (MLB.com): "the Mariners will purchase high-quality carbon offsets from NativeEnergy, a leading carbon offsets company that helps build and support new renewable energy projects, and

• 58,000 kWh of "green power" credits from the Seattle City Light Green Up program.

• This is part of a much broader overall initative, all posted on the club's Web site. "We know that just buying carbon offsets isn't enough," said Howard Lincoln, the Mariners' chairman and CEO.
• "This is not a one-time event for us."...

Cincinnati Reds buy carbon offsets:

• "Teaming with Duke Energy, the Reds purchased carbon credits to offset the estimated fossil fuel emissions related to game-day operations at Great American Ball Park."

"Tampa Bay Rays buy carbon credits:

• "...the Rays purchased Green Tags, carbon credits for renewable energy, from the Bonneville Environmental Foundation (BEF)

• to offset the CO2 produced by fans traveling to Tropicana Field, and all energy consumed at Tropicana Field on Opening Day. The Rays also are purchasing Green Tags

• to offset the CO2 produced by all Rays employees traveling to and from work throughout the year, and six additional game nights."...

Phillies make biggest carbon offset buy in pro sports to date 5/1/08

• Extract of Red Sox carbon emissions (Includes statement by Robert Redford)

• NRDC/MLB Green Advisory suggesting carbon offsets

2008 All Star game used to burnish interests of carbon offsets dealers

• Creators of carbon credit scheme cashing in on it.

• Florida Marlins carbon neutral game, 6.24.09

chart above from ChicagoClimatex.com 12/14/09

Tweet Stumbleupon StumbleUpon