How a Chinese company made hundreds of millions with fraudulent climate projects | DW News

[@dwnews]

To see DW Investigations full length report into this massive scam scheme, click the link! kzbin.info/www/bejne/l4bChGxtdspkm8k

[@richardv9648]

Germans tryied to scam the world with climate crisis, now they got scamed in return.

[@ciaochao383]

Invested millions and never visited the site? Amazing

[@phoenixdown1947]

obviously someone is on the payroll.

[@nolisarmiento1719]

auditors are probably involved also

[@AlphaSorceror]

It’s more common than you think

[@hyuxion]

I have so many questions. First of all, why would Germany pay money for Chinese carbon projects? I mean, shouldn’t they only reward Germany projects?

[@darkkingastos4369]

Money laundering my man. It's easier to be corrupt in another country. That's what the program is for anyway. Did you think it was anything else?

[@mennowolters3359]

It is quite logical if you think about it. Global warming is a Global problem. If a company is required to reduce co2 emisions by X amount, the company could spend 5 milion here in europe to replace a moderatly bad polutor with a slightly better machine or system. Or the company could spend that 5 milion and make a way bigger positive impact on the environment that way. At least thats what a layman like me thinks. :) Ofcourse there are problems with it, but i get why lawmakers wanted to try this...

[@Flynbourne]

Because they’re cheap and a bs figleaf. It’s a complete disgrace. It’s inevitable that these sorts of schemes will lead to massive fraud.

[@fatteebaddee]

Many years ago so called advanced modern nation's made a group overseeing pollution and made rulesets for the rest of the world to follow. These rulesets allow to offset your business or country pollution by purchasing another countries pollution allowance. Their made up system to fix pollution is silly and has been going on for years, Germany being ripped off happened over years and this news piece does not cover the history and backstory of this system to show us how Germany was blindly spending money

[@shermc4587]

German loves China. VW, BMW, Mercedes get money from German and invest in China. Wandel durch Handel. HAHAHAHA

[@jetli740]

carbon credit it self is a scam

[@socrates5647]

lol in 8 minutes I heard 3 " there's no prove that....."s.

[@richardv9648]

Germans tryied to scam the world with climate crisis, now they got scamed in return.

[@SickPrid3]

I burn stuff, you don;t I am very not green, you are very green I pay you to tell others that you burn half of what I burn now we are both a little green 🤡🤡

[@sneakymove]

Don't call carbon credit a scam when Germans officials are dumb, no due diligence before funding, no staff to check photographic reports of auditors, funds (public money) single foreign company with billion euro, instead of local company and jobs. You just did what the irresponsible official did, blame others first.

[@dbsuf]

​@@sneakymoveSomeone in Germany fraudulently obtained subsidies and found a Chinese company to cooperate. It is impossible to get German subsidies without the manipulation of high-ranking German politicians. German media dare not expose the top (most likely the Green Party), can only take the blame for the Chinese company

[@paololuckyluke2854]

With this degree of carelessness and inefficiency, no wonder Germany’s economy is going down the drain.

[@luzr6613]

An outcome that's been predicted at times in the past, and has never come to pass.

[@paololuckyluke2854]

@ It’s a direction, not an outcome.

[@happymelon7129]

NOT carelessness and inefficiency . They are "together" to share .

[@gilbertabadi4686]

Just money laundry work, why not simple blame to China lol

[@babosing]

You give hundreds of millions and don't supervise it? Whose fault is that?

[@patrick_lee]

agree. who managed those money?

[@N7-WAR-HOUND]

Crazy considering the the oversight needed for something like a military contractor for kit. That helmet took a decade to get into production 😂

[@happymelon7129]

NOT carelessness and inefficiency . They are "together" to share .

[@shibbyobibbyo]

The level of incompetence is unfortunately not surprising these days. Germany nowadays is an entitled, lazy and bureaucratic nation living off of the hard work of their forefathers.

[@luzr6613]

Have you ever lived in Germany?

[@wumaobot]

Corruption

[@N7-WAR-HOUND]

Dam

[@happymelon7129]

NOT carelessness and inefficiency . They are "together" to share .

[@gracesun1085]

incompetence? What an elaborate scheme! A former German official who has been working in the energy policy sector built a company in China, it is where the story starts.

[@cyberfunk3793]

Why is the German government paying anything or giving any credits that happen outside of Germany or EU at all? Seems like a no brainer to only offer these in places that are local and easy to check.

[@vornamenachname1572]

Thank you Captain Retrospective!

[@wumaobot]

Corruption

[@steven298]

No wonder US back out from climate change activities. So many scams or corruption for this reward / credit. Waste of government funds

[@cyberfunk3793]

@@vornamenachname1572 You think I should have been commenting about it before seeing the video when this field is not my job at all? Obviously everyone commenting here is doing it after the fact, so what??

[@Hukkinen]

Because with best-bang-for-buck globally, you get the most carbon out of atmosphere!

[@TMarkLenthall]

Don't feel so bad about sending $10,000 to a Nigerian Prince now

[@francisty139]

🤣 Good one.

[@Squirtle-xm6bi]

If you are luck enough, you will meet the Nigerian Princes with Indian accent

[@francisty139]

@@Squirtle-xm6bi 🤣

[@1dforbes]

They all knew they all shared the stolen money: Auditors, consultant companies, politicians.

[@sneakymove]

Where is the due diligence on auditor, clean energy contractor before awarding the tender and funding? 3 people staff IS NOT an excuse for not having time to do your job GERMAN Government must be investigated to make sure there is no money laundering, since one foreign company can get billion euro funds

[@TomTom-cm2oq]

I can imagine all the Chinese watching thing and laughing at the Germans.

[@bolu7971]

这个规则本来是想限制中国的发展，结果，现在中国的碳排放低，自己还要出钱给中国😂😂😂😂

[@chrisblack6258]

That's me😂 It's not a secret the green projects in China are commonly beautiful but empty shells. Neo liberals who ignore this will find out.

[@ssssssssssama]

China robbed Germany. Lol

[@crinklecut3790]

It’s not just the Chinese- I’m American and I still find this quite funny.

[@linwang4440]

Yes

[@Lumumba_00]

Anyone who was tricked isn’t fit for the job and should resign or be sacked!

[@luzr6613]

Have you ever been misled?

[@saltymonke3682]

They should pay

[@Lumumba_00]

@@luzr6613 not on that scale.

[@ShuntySK]

The idea of paying abroad for "clean projects" billions of euros is ridiculous, especially when Chinese economy is thriving and Germany`s is falling.If you have some extra billions, how about spending a few on Hydrogen researches to help saving your own car companies?

[@Nathan-jh1ho]

@@ShuntySK the Chinese ecnomy isn't "thriving" but it seems to be better than Germany

[@wumaobot]

Corruption

[@ardi08]

Not it isnt more thriving if Germany's average wage is still better

[@Hukkinen]

Because with best-bang-for-buck globally, you get the most carbon out of atmosphere!

[@Hukkinen]

How about converting the hydrogen (hype) to ammonium or methanol?! The molecule size of hydrogen leaks through everything - waste and inefficiency.

[@spotontheroad1]

Even if it's not misused, carbon credits is a scam on the world

[@casey6933]

China caught cheating/lying? Nooooo never 😅

[@anubizz3]

Try to read the other carbon credit scam, and don't forget the government and the auditing company is European and Germany base.

[@jetli740]

funny how you associate a few bad player to a whole country.. care to tell me your country i bet i can find similar scam

[@sneakymove]

Have u ever wonder why a single foreign company can get billion dollar funding. ? Blaming China is just a facade of things. Money laundering is more likely.

[@JonTan-z3e]

coming from the west that owns and controls nearly all of the major tax havens,money laundering and wealth hiding and disguising hubs in the world controlling tens of trillions of assets across the world.....london,iceland,swissland,cayman, isle of man,monaco, singapore, ireland ,netherlands,belgium etc etc and a country USA that when it comes to China or other countries its cheating and corruption, when it comes to the west its all "legalised" and

[@YSKWatch]

it's the opposite, the company was built based on the auditor's request: make it untraceable as possible.

[@IlkoGood]

How many lifes of common German folk was not improved in order to blindly toss that money out... Quality of management staff all over the world seems to dive in some hellish butthole.

[@Nathan-jh1ho]

Why do you guys subsidies foreign green measures anyways.

[@luzr6613]

Well... the environment doesn't actually respect your State borders, and the impacts of our actions on the environment don't either. Figure the rest out for yourself.

[@zbynekII]

Scammers are being scammed. Who would have thought?

[@sneakymove]

Quickest way to plunge your own economy by funding billion public money to foreign companies. Bravo.

[@maxfmfdm]

Bro in case the German government is interested I have saved approximately 1 billion tons of carbon and I am ready for my paycheck. I will also accept wire transfer. USD please.

[@travis2649]

Those auditors need some good prison time to think…

[@jetli740]

they could be part of it to get under the table share

[@bullpup1337]

You… have 3 people overseeing billions of dollars? And cannot be bothered to check satellite images? Boy they really must have too much money. Companies I know already make a fuss when you just want to spend a few hundred thousand dollars…

[@hanrenfighterjet]

Rattled by China, West scrambles to rejig critical minerals supply chains By Amy Lv, Divya Rajagopal and Ernest Scheyder December 6, 2024 BEIJING/TORONTO/LONDON, Dec 6 (Reuters) - China's trade restrictions on strategic minerals are starting to hit Western companies where it hurts. Blaming Beijing's curbs on antimony exports announced in August, German chemicals and consumer goods heavyweight Henkel (HNKG.DE) told customers last month it had declared force majeure and suspended deliveries of four types of adhesives and lubricants widely used by automakers, according to a Nov. 8 letter to clients reviewed by Reuters. Henkel uses the silvery metal to make its Bonderite and Teroson-branded products, core parts of the company's adhesive technologies division, which brought in 10.79 billion euros ($11.4 billion) in revenue last year. "We have been notified by our suppliers that the importation of these raw materials has been delayed pending the Chinese government accepting license applications," according to the letter, which was signed by two senior executives. "As a result, Henkel is hereby declaring force majeure in connection with its deliveries of these products,

[@Herocoldfinger]

Trick!? 🤣 Someone was getting kickbacks

[@mmkr1-gl5bg]

Never understood the philosophy behind paying such donations. If the Chinese are not interested in making the air cleaner by themselves then you can do nothing about that. All your money will just be wasted. Ridiculous to hear that "the Chinese government will not allow to inspect this kind of objects" and still you are ready to pay these money. 🤦

[@jetli740]

"If the Chinese are not interested in making the air cleaner by themselves" are u living under a rock? tell me who has the most EV? solar farm? and other green energy?

[@wumaobot]

Corruption just like money to Ukraine

[@mmkr1-gl5bg]

@@jetli740 So why do they need for more money then? The preamble was that I don't understand the reason for these donations. And I still don't understand even after your reply.

[@dbsuf]

Because corrupt officials in Germany want the money​@@mmkr1-gl5bg

[@YSKWatch]

the company was built based on the auditor's request, probably they only receive very small portion of the money. chinese gov will not do anything if someone tell them, why should they? the proper way is go to chinese court and prove the wrongdoing.

[@MartinOlminkhof]

Carbon credits where rubbish to begin with

[@aconsideredopinion7529]

The greens really screwed Germany…

[@thdbird83]

the carbon credit itself is a marketing scam...

[@happymelon7129]

NOT carelessness and inefficiency . They are "together" to share .

[@chetphillips8918]

NO DUE DILIGENCE AT ALL

[@ericc8269]

Fool, naïveté , Germany still hasn’t learned.

[@m.m.2031]

You can tell this guy is lying

[@kojofixit]

OMG This is sooooooooooo funny 😂😂😂😂😂😂 like ....we only have 3 employees they cannot check the projects , they cannot check satelite images either🤣🤣🤣🤣

[@user-se9uk2py5k]

Public sector just messing all up. EU going down the sink. Fed up with brilliant bureaucrats

[@homan2329]

How incompetent you must be to give billions away without even going there to see it for themselves.

[@farble1670]

Odd how they didn't have resources to validate them, but they now somehow have investigated and suspended 45 of them, after the money is gone.

[@janisberzins8810]

And we in EU member states need to pay for co2 quotas, it is nail in coffin of EU.

[@NoMan769]

Well played China 😂

[@jt-ttt]

a Chinese here, don't label it as China, just some " elites" playing their money game.

[@MifMufs]

They never learn.

[@yunlan996]

Western media never talk about per capita carbon emissions, which is tantamount to playing hooligan! Take a look at the per capita carbon emissions in the United States, and what is the per capita carbon emissions in China? The German media never dares to criticize the United States!

[@idleray1]

哈哈哈这都不是偷换概念了而是明目张胆的强行转移话题 No-one is talking about whether China pollutes more or less than the West on a per capita basis. This is outright fraud.

[@fudgerace4356]

The J always owns EU & USA economy. Whoever wins the election, they always gonna find a big bag of greens made in swiss when they enter the office.

[@withgrowinginsanity198]

Corrupt politics = corrupt projects

[@urimtefiki226]

Just pieces of junk paper and making billions.

[@javiermatz1631]

If you think carbon credits are merely a piece of paper I encourage you to do more research

[@wumaobot]

Corruption

[@cromcruach2958]

If i am funding anything that costs more then a plane ticket you can be sure i would use the ticket to visit what i am funding!

[@frankvu6356]

beaurocracy is everywhere in German offices. Therefore, if someone provides a perfect plan on paper it highly chance got approved :)

[@nakatanakata2665]

Well. Carbon crediting by itself is a fraud.

[@joem0088]

If a buyer claims victimhood of an unbelievable fraud, the victim should be suspected of being part of the fraud. Could be a kick back scheme ?

[@karlhunt5774]

China has played the West and Germany for mugs 😂 Anyway , I've got a carbon capture plan, but it will cost you 500 million .

[@SKF358]

This video producer director might want to explain how this is supposed to work. What is the "money" that is spent? What kind of money? Where does this "money" come from? Etc.

[@williamlai29]

Such fraud should not have happened. Why is this not found out sooner???

[@saltymonke3682]

😂😂😂😂 carbon credit scam as usual. That's also EU money 😂😂😂

[@turkmenistan1940]

What is going on with Germany?

[@larry785]

YOU CANNOT FOOL MOTHER NATURE - SHE IS ALREADY PISSED OFF!!!

[@darkkingastos4369]

She don't care. The earth doesn't even know we're here

[@andymartinez767]

Good to see they did their due diligence. Good to give money for nothing

[@firstsecond9569]

I'm only surprised that people are surprised. Did they think that bureaucrats were spending their tax money wisely?

[@robintan502]

It takes two to tango, the video overtly screams "China" in the video title and peppered the script with "China" , but I wonder who did the due diligence, who conducted the audits, who financed the scheme, and who signed the payouts? The video is scripted to caricaturize the Chinese, without ever reflecting or mentioning German complicity

[@urbanstrencan]

Just sad how big companies play with our environment

[@Hugoleewx]

In conclusion, no evidence as always. Typical.

[@KINGDon-l8c]

EU NONSENSE

[@josualnew1512]

🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣poor naive west

[@KINGDon-l8c]

Not west.....EU.

[@carn1fex_]

Germany in a nutshell.

[@KaiCkul]

Who is/are these so-called "auditors" ?

[@JozeFopinions]

People who are signing big cheque should know who are they responsible to...

[@michelmichel6292]

as always public employed bureaucrats are responsible for this huge scandal

[@vitoisnick]

The stupidity of this entire program is breathtaking on 100 different levels.

[@wizaaeed]

Eu fund draining is done so often, yall didn know? The balkan eu members are doing it ever since '05

[@ThiSoleil]

Since the Westen country has lost its advantage in green energy, it's time to find reasons to stop this damn environmental program.

[@tonyh7158]

Always someone on the inside.

[@HughJanus-o3e]

1:47 so you get carbon credits for selling natural gas? Where exactly was Carbon saved or sequestered? The United States is the number 1 producer of natural gas, do we get carbon credits for that?

[@Misterlikeseverythin]

A functional scheme looks like: - No offsets - Tax fossil fuel at extraction

[@maypenja2819]

It is not difficult to understand how the fraud was allowed. Corrupt officials decided to disburse the funds without accountability. Money was taken to look the other way, otherwise known as kickbacks.

[@sharaththummalapally9150]

I really do not understand, after all this stuff! Where does the German bureaucracy stands at?

[@cedriclynch]

Did I read somewhere that between 50% and 100% of all carbon credit trades so far are probably fraudulent? Did I also read that if you cut down the entire Amazon rain forest, shipped the wood to the European Union and burned it in previously coal-fired power stations you would earn EU payments for a 100% reduction in carbon dioxide emissions?

[@chanjoe9244]

These are carbon tax credit, not money. Am I right? It is created from nothing. So don't cry.

[@johnaltobello5095]

This is probably happening in America also..

[@robert8764]

if germany would have employed greta thunberg as the auditor, germany would not have been defrauded

[@j.lietka9406]

Hope there is a follow up report on this! Danke DW News! ❤️🇩🇪 How far can the Taurus go?

[@fransiskaP_2082]

Being nature friendly is the heartbeat of every indigenous communities' teachings and values worldwide. However, their younger generations think all these old values are outdated and leave them behind. Now they are struggling to deal with the consequences 🤷‍♀️

[@taiwansivispacemparabellum9546]

Wow thanks, so Germany played part in most of the air pollutants in east Asia. Great job.

[@matrixmaid4042]

it's a total joke - like the Emperors New Clothes - have people lost their minds ?? Was this transaction done during COVID ???

[@Timothy-DS]

Clean, safe, natural, ecological, climate - when people by it, so go for it!

[@BrotherBloat]

Come on... Were tricked? Please

[@ANTheWhizkid]

Between green washing and double standards.

[@noah_jus_livin]

they could have given it some poor country to manage their carbon emissions

[@baetoven]

Greed will destroy 'decency'.

[@minhoonoon9443]

Because they outsourced everything instead actually doing it.

[@mightyflagelot9816]

Wow, this just leaves me flabbergasted 😢…. How did Germany allow this to happen.

[@Angelos_yu]

Guess just need to have German politicians involved, look like o one is immune to corruptions anymore in EU.

[@DC-ux1dt]

People need to go to jail!

[@steven298]

Definitely there is signs of corruption some where. How can it be approve at the first place 😅

[@HeroInHelp]

Take back the ports!!!

[@jetli740]

yes plz and paid the compensation ...can you afford it

[@gfan003]

Carbon credit itself has Many issues and some companies would take advantage and file them on existing projects. Most Mega Green house reduction projects in China are government related, If government agencies were consulted That they will gave a list of all the existing projects and the upcoming ones; it seems That the some German companies Might have been accomplice to this.

[@youqiangjiang3081]

It made me confused, what is their target, why they give the money for nothing produced?

[@rajiiiiiiii991]

Germany fooled by China

[@harrybenson9983]

Even if that plant that captures casing head gas was built a year later it still doesn't make sense for "carbon" capture. According to this news story it was being liquified. That means it was meant for use somewhere else in China's economy as a source of energy. In other words it was going to be combusted in a boiler or a gas turbine or in furnaces in thousands of homes which is better that combusting it in a flare. Carbon dioxide is created in any case.

[@Antarem]

Company greed. It has to stop.

[@atilkan]

Wtf

[@distrologic2925]

And they tell us we don't have enough money to lower taxes 😂

[@truthboom]

made in China Version 2

[@RodrigoVDMonte]

Bigger than the BER airport? That was supposed to cost 1 billion euro, however, end up costing 8 billions! Was it fraud or is Germany very bad in project management to not say dumb?

[@dnpl7248]

Again, "ordnung muss sein" German approach failed, as the whole German goverment

[@wertykromagnon]

Good for them!!! Chinese are great!!! Who went there to check Or who took the bribe?