THE wealthy entrepreneur Vincent Tchenguiz is planning to build a £5 billion business by helping arms and aerospace companies go green.
Tchenguiz has set up a new company called Co2 — Offset to Ozone, which aims to help defence manufacturers find investment opportunities in environmental, technology and healthcare companies under so-called “offset” arrangements.
Tchenguiz told The Sunday Times: “I can see the money. I will make a fortune.” Read the full Times article.
So, carbon offsets are not about helping with lessening our impacts upon our environment. They’re about greed and business as usual. Just another economic instrument.