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London Olympics Drops Carbon-Offset Plan http://apocadocs.com/s.pl?1315009876
Organizers of the London 2012 Olympic Games dropped a plan to cut carbon emissions during the sporting showcase, abandoning a pledge made when it defeated eight other cities to host the event.
Games administrators will "no longer pursue formal offsetting procedures" to mitigate Olympics-related emissions, documents posted on the London Olympics website said. ...
Scrapping the plan, which would have involved offsetting the emissions generated by the Games by investing in clean- energy projects in poor countries, underlines how carbon-saving measures are being overlooked to save money as the U.K. cuts spending and increases taxes amid an economic slowdown. By ditching the program, LOCOG may avoid spending as much as 2.7 million pounds ($4.4 million), according to prices quoted by brokers MF Global.
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