It is hard to escape the conclusion that the energy and brains of many of these brilliant hotspot scientists might be put to better use if they looked at the really difficult problem of how governments, private industry and innovative environmental-finance schemes could help fund conservation.
Its revenues are being earmarked to finance environmental schemes and lower national insurance contributions.
Going forward the bank should actually apply the Equator Principles, a voluntary credit risk management framework with a set of guidelines for environmental and social risk assessment in sustainable project finance activities.
They need help at the early stages from subsidized sources of finance that care about the developmental and environmental benefits of their work.
The goal is for both Prospect Global and Passport to get all required construction and environmental permitting and feasibility studies completed so except for final project finance everything is ready to proceed.
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The finance industry has adopted the Equator Principles, a benchmark for managing social and environmental issues in project financing.
For example, the the G2A2, an alliance of CEOs committed to addressing climate and environmental risks, will launch the Green Investment Report with precisely the goal of "unlocking finance for green growth".
Carbon-emissions trading is becoming increasingly widespread within the industry, as is carbon off-setting, the latter involving passengers paying a voluntary surcharge to help finance the planting of trees or other green projects and so balance out the environmental damage caused by their journey.
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Nisbet sliced-and-diced information from several large campaign-finance databases like OpenSecrets.org and Maplight.org to estimate the amount of money environmental groups and the fossil-fuel industry spent on climate and energy campaigns.
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