But the Capitol Building, he wrote, is powered by an old coal-burning generator.

"If you really believe artificial global warming is a huge menace to society, you don't just buy offsets and continue using your antiquated coal-fired powerhouse," because even at their best-case scenario, "the offsets only prevent emissions from rising, doing nothing to reduce (overall) emissions."

None of the critics expect the offset market to slow down any time soon, as long as there continues to be happy buyers and sellers. Jaccard notes offsets are politically attractive. "What better way to address the climate-change problem than to facilitate subsidies between private entities, with government safely on the sidelines?," he notes.

And so, if the trend holds, the presenters at the Oscars will again receive a little statue representing the elimination of 100,000 pounds of emissions, purchased on their behalf by the Academy of Motion Picture Arts & Sciences.

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