The Carbon Trading Racket

The Most Revolutionary Act

The Carbon Rush

Directed by Amy Miller (2012)

Film Review

This documentary is about the $300 billion carbon trading racket (aka the Emissions Trading Scheme) in which carbon polluters in industrialized countries buy permits to pollute from various corporate and and NGO scams that allegedly sequester carbon. Over 5,000 projects are registered with the UN carbon market initiated under the 1992 Kyoto Accord.

The filmmakers interview Third World residents and activists about the devastating effect of these schemes on their communities.

Brazil

Filmmakers visit several communities where multinational corporations have deprived subsistence farmers off their land to build giant eucalyptus plantations. The trees are harvested to make charcoal used to produce pig iron. Because the eucalyptus charcoal is ultimately burned (producing CO2), there is no net reduction in carbon emissions. Yet several dozen of these plantations scattered across the third world are authorized to sell carbon credits to First World…

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