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Nov 12, 2007

The Fintura Corporation in conjunction with MetaBank offers the GreenPay MasterCard credit card program for environmentally conscious consumers and businesses.

The goal is to reduce CO2 emissions or the "carbon footprint" left from our everyday activities (greenhouse gases produced from burning fossil fuel and indirectly by the breakdown of everyday products.) The average US household of 4 produces over 35 thousand pounds of C02 each year.  "Carbon offsetting" refers to compensating for dangerous C02 emissions with an opposite carbon dioxide savings.  This involves calculating your carbon footprint and purchasing carbon offset credits from emission reduction projects.

The Green Pay credit card applies your reward points toward approved offset initiatives including agricultural, landfill, coal mine methane and forestry projects. Depending on what you buy, you can offset your personal carbon footprint by 5 to 10 lbs per dollar spent.

The irony is that gasoline purchases earn you the most credits.  So the more gas you consume, the more credits you earn.  Is there something wrong with this picture?  

Recent Nobel Prize winner Al Gore gave the credit card a nod on his blog earlier this year.

~Linda Bustos is a blogger for Creditor Web, where you can apply online for credit cards and conserve paper.
Visibility: Everyone
Posted: Monday November 12, 2007, 8:42 pm
Tags: change card green al credit global warming consumer spending gore climate finance consumerism eco-friendly c02 [add/edit tags]

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Linda Bustos
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female, age 28,
Canada
LINDA'S SHARES
Nov
12
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My credit union recently produced a couple commercials that have been getting a lot of buzz. Vancity has always been an environmentally friendly company, and I've had the Enviro Visa for almost ten years now. I have the option of donating my rew...
Nov
3
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In the UK, the Co-Operative bank launched the "Think Card," a credit card that offers a reduced interest rate for "ethical purchases" from 16 ethical partner merchants including Lush, Ikea and Adili.com, Raleigh bikes and public tr...
Aug
31
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October 15, 2006 made history in the fight for clean air. The Environmental Protection Agency (EPA)’s initiative to make it a requirement that 80% of diesel fuel available for on-road vehicles be Ultra Low Sulphur Diesel (ULSD) officially took e...


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