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Stock impact report

Tanzania Maasai Fear VW 'Greenwashing' Carbon Credit Scheme [Barron's]

DANONE S/ADR (DANOY) 
Company Research Source: Barrons
Under the scheme, local Maasai are being offered money to keep their cattle on a strict "rotational grazing" scheme so that the grass grows longer and captures more carbon. Advertisement - Scroll to Continue The idea is that Volkswagen, and possibly other companies, will pay for this through "carbon credits" which are supposed to offset carbon emissions from its factories and operations. Many researchers and NGOs question the whole concept, saying such schemes disrupt local communities while doing little to improve the environment, existing only to allow companies to keep polluting elsewhere. The scheme in northern Tanzania is run by Volkswagen partner Soils for the Future Tanzania (SftFTZ), covering the districts of Longido and Monduli, an area of 16,000 square kilometres (6,200 square miles) -- roughly 20 times the size of New York City. For Namnyak, a 33-year-old mother of three in Longido, it seems absurd. Advertisement - Scroll to Continue Local Maasai have been su Show less Read more
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