General Electric's financial arm, GE Money, released a credit card designed to offset the effects of greenhouse gases by allowing consumers to allocate either half or one percent of their purchases to gas credits.
GE, in turn, will buy the credits on behalf of the credit card customers from a joint-venture it created with the AES corporation.
Kevin Walsh, managing director of Renewable Energy for GE Energy Financial Services charged with investing $4 billion by 2010 in renewable projects, explains the focus on methane in a video interview.
The program has its skeptics. According to Michael Brune, from Rainforest Action Network, "GE supplies parts for coal-fired plants, so its credit card offsets emissions it helps create."
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