The recent credit panic on Wall Street and it's spread throughout the financial world has affected the Carbon Offset market. 4Offsets CEO Fred Weiss has been addressing the issue in a recent blog at SunPoweredDreams, with Washington Post reporter David Farenthold and most recently in a statement issued today
In his recent article: Fighting Global Warming in a Financial Panic, Mr. Weiss addresses the most important affect that the record high oil prices of July and the recent financial meltdown has had on consumer confidence and behavior. "Global Warming was controlling the mindspace of American consumers and voters in January and February and is all but an afterthought today.", Weiss wrote. It's no surprise that someone "who is trying to afford the SUV they drive to work, doesn't care about the earth getting hotter, because the night sweats are increasingly chilled as they worry about their jobs, homes and feeding their families.", Weiss added.
While the company is concerned about how this crisis will effect its business, there is more concerned for regaining the momentum that was building for renewable energy. "Seeing the public debate move from a carbon cap to calls to "Drill, Drill, Drill", reminds us all that the more practical a solution, the better. We're committed to focusing our future content on finding ways to save time or money by going green as a way to get more people involved in going green." Weiss finished by saying, "As a small organization, it's easy to shift our focus to meet the needs of our clients. Most importantly we'll keep working to spread the word about fighting Global Warming."
4Offsets, LLC
4Offsets, LLC, located in Ann Arbor, Michigan was founded in 2007 in order to bring carbon offsetting solutions to people and organizations. 4Offsets uses the retirement of Carbon Financial Instruments (CFIs), purchased through US based exchanges and brokers, to represent each ton of offsets sold. Through the company’s initial efforts, 4Offsets and its clients have already removed over 3 million pounds of CFIs from the market. The company can be found online at: http://www.4Offsets.com
