{"id":1660,"date":"2023-03-27T21:18:21","date_gmt":"2023-03-27T21:18:21","guid":{"rendered":"https:\/\/findbullionprices.com\/blog\/?p=1660"},"modified":"2023-03-28T00:00:18","modified_gmt":"2023-03-28T00:00:18","slug":"greenwashing-scam-entwined-with-new-gold-backed-etf-from-ubs-and-mks-pamp","status":"publish","type":"post","link":"https:\/\/findbullionprices.com\/blog\/greenwashing-scam-entwined-with-new-gold-backed-etf-from-ubs-and-mks-pamp\/","title":{"rendered":"New Gold-Backed ETF Adds Extra Greenwashing Fees"},"content":{"rendered":"\n<p>Citing an increase in demand, UBS has <a href=\"https:\/\/www.etfstrategy.com\/ubs-debuts-carbon-compensated-gold-etf-10339\/\" target=\"_blank\" rel=\"noreferrer noopener\">partnered with PAMP-Suisse<\/a> to create a new line of gold bullion bars that will be the investment vehicle that backs a new ETF geared towards &#8220;climate-conscious&#8221; investors.<\/p>\n\n\n\n<p>The climate consciousness claims are derived from a partnership with not-for-profit-private company named Climate Trust. <\/p>\n\n\n\n<p>Climate Trust has been providing solutions to the &#8220;Climate Crisis&#8221; since sometime between 1999-2001 and has raised at least <a href=\"https:\/\/www.crunchbase.com\/organization\/carbon-trust\" target=\"_blank\" rel=\"noreferrer noopener\">$25 million from a variety of investors<\/a>, according to Crunchbase.<\/p>\n\n\n\n<p>The consultancy helps <a href=\"https:\/\/standardsmap.org\/en\/factsheet\/7\/overview\" target=\"_blank\" rel=\"noreferrer noopener\">business and governments decarbonize<\/a> using &#8220;industry standards&#8221; that appear to have been established by themselves. The organization reportedly audits the supply chain and helps facilitate the purchasing of carbon offsets to counter the CO2 emissions that are generated from mine to refinery and storage.<\/p>\n\n\n\n<p>The carbon-neutral <a href=\"https:\/\/findbullionprices.com\/gold\/closest-to-spot.php?category=gold\">cast gold bars<\/a> are refined and delivered to LBMA specifications.<\/p>\n\n\n\n<p>The cost for investors to buy into this new <a href=\"https:\/\/www.etfstrategy.com\/ubs-debuts-carbon-compensated-gold-etf-10339\/\" target=\"_blank\" rel=\"noreferrer noopener\">ETF is significantly higher<\/a> than the non-carbon neutral gold ETF already available to investors.<\/p>\n\n\n\n<p>According to Greenpeace, carbon offsets are a <a href=\"https:\/\/www.greenpeace.org\/international\/story\/50689\/carbon-offsets-net-zero-greenwashing-scam\/\" target=\"_blank\" rel=\"noreferrer noopener\">part of a greenwashing scam<\/a> and are part of the ESG movements efforts to guilt people into paying a higher amount for the <a href=\"https:\/\/www.newsweek.com\/esg-woke-scam-infecting-our-corporations-changing-our-nation-opinion-1761408\" target=\"_blank\" rel=\"noreferrer noopener\">sake of social or environmental justice<\/a>.<\/p>\n\n\n\n<p>It may be of greater impact for climate conscious investors to <a href=\"https:\/\/www.arborday.org\/celebrate\/\" target=\"_blank\" rel=\"noreferrer noopener\">plant trees in their neighborhood or community<\/a> as a more effective, less expensive and direct carbon offset rather than paying a higher premium to the bankers to invest in this new ETF.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New physical gold-backed ETF to appeal to &#8220;climate conscious&#8221; investors passes along the higher cost of carbon offsets to investors. <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[409,791,14,545],"tags":[854,850,853,852,851],"class_list":["post-1660","post","type-post","status-publish","format-standard","hentry","category-buy-gold","category-gold","category-gold-bullion","category-news","tag-esg","tag-gold-etf","tag-greenwashing","tag-pamp-suisse","tag-ubs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Gold-Backed ETF Adds Extra Greenwashing Fees - FindBullionPrices.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/findbullionprices.com\/blog\/greenwashing-scam-entwined-with-new-gold-backed-etf-from-ubs-and-mks-pamp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Gold-Backed ETF Adds Extra Greenwashing Fees - FindBullionPrices.com\" \/>\n<meta property=\"og:description\" content=\"New physical gold-backed ETF to appeal to &quot;climate conscious&quot; 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