Tesla selling greenhouse credits

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Pigeon
Posts: 18064
Joined: Thu Mar 31, 2011 3:00 pm

Tesla selling greenhouse credits

Post by Pigeon » Wed Jun 05, 2019 1:30 am

For years, Tesla has hauled in revenue by selling credits to other carmakers that needed to offset sales of polluting vehicles to U.S. consumers. While these transactions have largely been shrouded in secrecy, Bloomberg reports that General Motors and Fiat Chrysler have recently disclosed to the state that they reached agreements to buy federal greenhouse gas credits from Tesla. The filings "represent the first acknowledgments from carmakers that they're turning to Tesla for help to comply with intensifying U.S. environmental regulations," the report says.

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Nice selling what is actually nothing for "real" money.

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Royal
Posts: 10566
Joined: Mon Apr 11, 2011 5:55 pm

Re: Tesla selling greenhouse credits

Post by Royal » Wed Jun 05, 2019 6:30 am

Pigeon wrote:

For years, Tesla has hauled in revenue by selling credits to other carmakers that needed to offset sales of polluting vehicles to U.S. consumers. While these transactions have largely been shrouded in secrecy, Bloomberg reports that General Motors and Fiat Chrysler have recently disclosed to the state that they reached agreements to buy federal greenhouse gas credits from Tesla. The filings "represent the first acknowledgments from carmakers that they're turning to Tesla for help to comply with intensifying U.S. environmental regulations," the report says.

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Nice selling what is actually nothing for "real" money.

Small dip in the immoral lake when you are trying to change the trajectory of Fossil fuel emissions in the country.

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