<html>

<body>

<a href="https://unlimitedhangout.com/"><b>Uncensored Investigative

Journalism

<a href="https://unlimitedhangout.com/2024/04/investigative-reports/debt-from-above-the-carbon-credit-coup/#">

Investigative Series</a>

<a href="https://unlimitedhangout.com/ulh-podcast/">Podcast</a>

<a href="https://unlimitedhangout.com/content-blocks/author/">Authors</a>

<a href="https://unlimitedhangout.com/2024/04/investigative-reports/debt-from-above-the-carbon-credit-coup/#">

Press & Media</a>

<a href="https://unlimitedhangout.com/2024/04/investigative-reports/debt-from-above-the-carbon-credit-coup/#">

Support Us</a>

<a href="https://unlimitedhangout.com/2021/04/resources/faq/">FAQ</a>

<a href="https://unlimitedhangout.com/espanol">Español</a>

<a href="https://unlimitedhangout.com/reports/investigative-reports/">

Investigative Reports</a><br>

</b>

<a href="https://tlio.org.uk/debt-from-above-the-carbon-credit-coup-building-a-green-power-monopoly/" eudora="autourl">

https://tlio.org.uk/debt-from-above-the-carbon-credit-coup-building-a-green-power-monopoly/<br>

</a><h1><b>Debt From Above: The Carbon Credit

Coup</b></h1>

<a href="https://unlimitedhangout.com/2024/04/investigative-reports/debt-from-above-the-carbon-credit-coup/" eudora="autourl">

https://unlimitedhangout.com/2024/04/investigative-reports/debt-from-above-the-carbon-credit-coup/</a>

<br><br>

<font size=4>SEE ALSO

</font>

<a href="https://unlimitedhangout.com/2024/08/investigative-series/the-chain-of-issuance-the-people-and-patents-that-built-the-financial-surveillance-network/">

<h2><b>The Chain of Issuance: The People and Patents That Built The

Financial Surveillance Network</a> </b></h2>Latin America is quietly

being forced into a carbon market scheme through regional contractual

obligations – enforced by the satellites of a US intelligence-linked firm

– which seeks to create an inter-continental “smart grid,” erode national

and local sovereignty, and link carbon-based life to the debt-based

monetary system via a Bitcoin sidechain. <br>

<a href="https://unlimitedhangout.com/author/mark-goodwin/">byMark

Goodwin</a> and and

<a href="https://unlimitedhangout.com/author/whitney-webb/">Whitney

Webb</a><br>

48 minute read <br><br>

<img src="cid:.0" width=1005 height=589 alt="[]"><br><br>

Sweeping across the shores of Latin America comes a scheme from some of

the most predatory figures in the venture capital ecosystem of the United

States. It is a brazen attempt to assert foreign influence across Latin

America and threatens to reshape the very fabric of the region and the

day to day lives of its people. At its core is a serpentine set of

contractual obligations, held at the municipal level, cast throughout

Central and South America, upheld by an intelligence-linked satellite

company, and controlled by a private sector consortium of green-washed

financiers aiming to turn the region’s forests into equity and carbon

credits. At the same time, it obliges local governments to spend

“conservation” funds on projects that further financialize nature and aid

the construction of an inter-continental “smart” grid. One of its key

ambitions appears to be further entrenching the debt load of the region

through the multi-lateral development banks and the dollarization of the

continent from the subnational level up through carbon markets upheld by

a digital ledger. What seems like a technological marvel aimed at

progress and connectivity harbors a darker agenda  one that intertwines

planetary surveillance, financial predation, geopolitical maneuvering,

and the domination of a resource-rich continent buried in debt.<br><br>

This grand design, known by the acronym GREEN+ and conceived by stalwarts

of the digital dollar and debt schemes of the private sector, has quietly

taken root through a web of political entanglements at the local level.

Even a key figure in the Drexel Burnham Lambert junk bond scandal plays a

role. Astonishingly, every capital city of Latin America has eagerly

signed on, apparently unaware of the strings attached to these seemingly

benign partnerships, while a majority of municipalities in the region

have also made commitments with these same groups that will push them to

join GREEN+, potentially in a matter of weeks. The (hopefully)

well-meaning regional governments have unwittingly paved the way for a

sweeping surveillance apparatus tied to American intelligence that

threatens to erode privacy and civil liberties under the guise of

progress and combating the climate crisis.<br><br>

Upon further observation, GREEN+’s connections reveal a disturbing

narrative of financial interests melding with geopolitical ambitions. The

backers of the satellite company share ties with former members of the

highest offices of US financial policy and regulation alongside the key

architects and profiteers of private capital creation, aiming to

consolidate control over monetary flows in Latin America within the

redistribution of distressed government debt from the public to the

private sector. As this two-part series will show, this concerted effort

is not merely about surveillance – it’s a calculated move towards further

dollarization, tightening the grip of corporate and technological

monopolies over the economic landscape of the Americas.<br><br>

<br><br>

The scheme’s proponents also speak of how it will significantly advance

the “economic” and “regional” integration of the Americas, invoking

visions of unity while obscuring the true nature of their agenda for

economic domination and stronger regional governance. Their model, eerily

reminiscent of the EU’s transition from a free trade union to a

bureaucratic behemoth yoked to the US through the Eurodollar, sets the

stage for unelected entities to enforce policies through programmable

money, enabled by smart contracts on blockchains and designed to benefit

the few at the expense of the many. What materializes before us is not

just a technological evolution but a quiet banker coup  one that lays

the groundwork for land grabs and invasive surveillance under the guise

of progress and conservation. It’s a narrative that echoes throughout

history, where intelligence-linked figures and predatory financial

interests converge to prey upon the Global South, leaving a trail of

economic exploitation and geopolitical manipulation in their wake. What

masquerades as progress for individuals and the environment at large may

very well be the harbinger of a new era of subjugation and

control.<br><br>

<br>

<h2><b>THE GREEN+ PROGRAM</b></h2>In 2022, several groups came together

<a href="https://programme.green/index.html">to launch</a> the GREEN+

(Government Reduction of Emissions for Environmental Net + Gain)

Jurisdictional Programme, the “first program that will monitor by

satellite all subnational protected areas of the planet” and – through

contracts with numerous local and state governments – propel and deepen

the economic integration of the Americas through the quiet imposition of

a continent-wide,

<a href="https://bitcoinmagazine.com/guides/what-is-blockchain">

blockchain</a>-based carbon market.<br><br>

GREEN+ <a href="https://carbonparks.cc35.city/">has been piloted</a> in a

handful of Latin American cities since its founding and is due to launch

globally in just a few weeks time. Most of the GREEN+ agreements with

“subnational” governments have remained focused on Latin America.

<a href="https://carbonparks.cc35.city/">Per the program</a>, the

subnational agreements have established the “rules and requirements to

enable accounting and crediting with GREEN+ policies and measures and/or

nested projects, implemented as GHG mitigation activities,” with GREEN+

being described as “the planet’s new subnational government advisory

mechanism.”<br><br>

Key to the program are the services provided by GREEN+ founding member

<a href="https://satellogic.com/company/partners/">Satellogic</a>, an

Argentina-founded company

<a href="https://satellogic.com/news/press-releases/satellogic-announces-strategic-partnership-with-palantir-technologies/">

closely aligned with</a> Peter Thiel’s Palantir and

<a href="https://satellogic.com/news/press-releases/satellogic-announces-multiple-launch-agreement-with-spacex-for-its-next-68-sub-meter-resolution-earth-observation-satellites/">

Elon Musk’s SpaceX</a> that specializes in sub-meter resolution satellite

surveillance. Satellogic,

<a href="https://spacenews.com/satellogic-relocating-to-the-united-states-in-search-of-government-growth/">

a contractor</a> to the US government and whose founders were also

<a href="https://satellogic.com/company/about-us/">previously

contactors</a> for the US’ DHS, NSA and DARPA, will provide surveillance

data of the entire world’s “protected areas” to GREEN+’s governing

coalition, composed of the NGOs CC35, the Global Footprint Network, The

Energy Coalition and other “respected stakeholders.”<br><br>

According to

<a href="https://www.nasdaq.com/press-release/satellogic-announces-exclusive-agreement-with-green-jurisdictional-programme-to">

the press release</a> that details Satellogic’s alliance with GREEN+, the

satellite surveillance data “will enable individuals, organizations, and

global markets to accurately monitor the compliance of signatory

jurisdictions to avoid deforestation.” However, other information in the

press release reveals that forests will actually be monitored for the

purpose of generating “credible” carbon credits to be traded on exchanges

by GREEN+ on behalf of subnational governments. The press release also

states that the GREEN+ alliance with Satellogic will “advance the future

measurement of energy emissions in the most populated areas of the

planet,” i.e. the surveillance of carbon emissions from space. Satellogic

launched some GREEN+-affiliated satellites in 2022 as part of its pilot

and is due to launch the remainder this April during Miami Climate Week.

Satellogic’s past and upcoming launches of GREEN+ satellites were/will be

conducted

<a href="https://www.nasdaq.com/press-release/satellogic-announces-exclusive-agreement-with-green-jurisdictional-programme-to">

in collaboration with</a> Elon Musk’s SpaceX, also a contractor to

<a href="https://www.wsj.com/tech/musks-spacex-forges-tighter-links-with-u-s-spy-and-military-agencies-512399bd">

the US military and US intelligence agencies</a>.<br><br>

Though framed as a way to develop economic incentives to mitigate climate

change, the program is based on California’s

<a href="https://www.latimes.com/california/story/2022-03-22/what-has-california-cap-and-trade-accomplished">

controversial</a> and

<a href="https://time.com/6264772/study-most-carbon-credits-are-bogus/">

grift-prone</a> cap and trade program and has been created (and is being

implemented by) individuals and companies that are seeking to covertly

dollarize Latin America and/or have deep ties to US intelligence. Its

ultimate ambitions go far beyond carbon markets and seek to use satellite

surveillance to enforce carbon emission levels in both urban and rural

areas. It also seeks to impose a new financial system centered around

energy, commodity, and natural resource “credits” that are underpinned by

extensive and invasive surveillance, underscored by the motto:

“<a href="https://issuu.com/satelliteevolution/docs/satelliteevolutionglobal-february2023-download/s/19101555">

Earth observation is preservation</a>.”<br><br>

The alliance that created GREEN+

<a href="https://web.archive.org/web/20220427141745/https://www.cercarbono.com/wp-content/uploads/2022/04/GREEN-Jurisdictional-Programme-Description.pdf">

includes</a> the NGOs CC35, the Global Footprint Network (GFN), Arnold

Schwarzenegger’s Catalytic Finance Foundation (CFF, formerly R20) and The

Energy Coalition (TEC); the Gibraltar-based law firm Isolas; the global

insurance giant Lockton; the satellite company Satellogic; the “green”

blockchain company EcoRegistry; the dominant carbon credit certifier in

Latin America, Cercarbono; and Rootstock (RSK), the bitcoin side-chain

protocol responsible for “smart BTC.” Several members of the alliance,

though how many is unclear,

<a href="https://guatediario.com/2022/01/24/global-carbon-parks-firma-contrato-de-u200mm-para-comercializar-creditos-de-carbono-vinculados-a-la-descarbonizacion/">

now

</a>

<a href="https://guatediario.com/2022/01/24/global-carbon-parks-firma-contrato-de-u200mm-para-comercializar-creditos-de-carbono-vinculados-a-la-descarbonizacion/">

operate as part of a consortium</a> linked to a company called Global

Carbon Parks, which is discussed in greater detail later in this article

and now manages <a href="https://carbonparks.cc35.city/">major aspects of

GREEN+</a>. The NGOs (i.e. CC35, GFN, CFF and TEC) involved in founding

GREEN+ are those who actually govern the GREEN+ program from

California.<br><br>

As previously mentioned, the program takes carbon in “effectively

conserved protected areas of a sub-national jurisdiction”, i.e. a city,

county, province, or state/region, and converts them into carbon credits.

<a href="https://nomadsembassy.com/fbi-background-check-from-abroad/">Per

the program</a>, “these credits are traded on the [carbon] offset market,

and income is deposited in a trust fund” that is controlled by GREEN+ and

is known as the GREEN+ Trust. That trust is

<a href="https://nomadsembassy.com/fbi-background-check-from-abroad/">run

by</a> unspecified individuals who work for Lockton, Isolas and

Rootstock.

<a href="https://www.nasdaq.com/press-release/satellogic-announces-exclusive-agreement-with-green-jurisdictional-programme-to">

Alejandro Guerrero</a>, head of Lockton’s Argentina & Uruguay branch,

is the only publicly acknowledged member of the trust.<br><br>

<a href="https://carbonparks.cc35.city/">Another website</a> tied to the

GREEN+ initiative describes the initial process as follows:

<ol>

<li>Public and private agreements between [a subnational] government and

custodians are signed with zero upfront cost. 

<li>Custodians trade the carbon units that are produced by the

subnational governments (the public sector) signing contracts with the

private sector in voluntary carbon markets. 

<li>Those contracts signed by the subnational governments become smart

contracts and carbon credits are then tokenized for traceability. 

<li>The GREEN+ Trust holds government funds in escrow. 

</ol><br>

Subsequently,

“<a href="https://web.archive.org/web/20220427141745/https://www.cercarbono.com/wp-content/uploads/2022/04/GREEN-Jurisdictional-Programme-Description.pdf">

a</a>

<a href="https://web.archive.org/web/20220427141745/https://www.cercarbono.com/wp-content/uploads/2022/04/GREEN-Jurisdictional-Programme-Description.pdf">

 partial release</a> of trust funds is made periodically during the

crediting period of the jurisdictional initiative.” From this “partial

release,” “a percentage operational fee” is deducted (the percentage is

undisclosed in the program’s documents) and paid to the GREEN+ program

while a separate (and also undisclosed) fee is also deducted “for the

operation of the GREEN+ Trust.” Disbursements of what remains are made

annually over a ten year period and,

<a href="https://web.archive.org/web/20220427141745/https://www.cercarbono.com/wp-content/uploads/2022/04/GREEN-Jurisdictional-Programme-Description.pdf">

per graphs</a> produced by GREEN+, those payments remain the same, fixed

value even if the value of the carbon credits of the protected areas

grows. <br><br>

Between 40% and 60% of the funds actually received by subnational

governments

<a href="https://nomadsembassy.com/fbi-background-check-from-abroad/">can

be used</a> to “design and execute projects” aimed at conservation, while

the rest “is allocated for new jurisdictional decarbonisation

initiatives” that can produce additional or “consequential” carbon

credits. These “consequential” credits are then “offered as a preferred

option to the investors who initially purchased the conservation credits

at a 50% discounted price calculated at the current market price.”

However, later in the

<a href="https://nomadsembassy.com/fbi-background-check-from-abroad/">

same document</a>, the program says that “the amount required for the

initial implementation” of conservation projects “may not exceed 20% of

the funds allocated [from the GREEN+ Trust] to the jurisdictional

initiative.” Clearly, the amount of funds actually being generated for

conservation-related projects is minimal and, even in the best case

scenario, is less than half of the capital generated by the carbon

credits themselves. However, as we shall see, these “conservation”

projects must be done in conjunction with approved partners of Global

Carbon Parks, which – like the organization itself – are tied to

predatory financial interests and oligarchs with questionable

motives.<br><br>

Of the funds that governments actually receive as part of GREEN+, half

are officially meant to go toward conservation-related projects while the

other half are meant to go toward decarbonization-related projects.

However, on <a href="https://carbonparks.cc35.city/">the Global Carbon

Parks-</a><a href="https://carbonparks.cc35.city/">GREEN+ website</a>, it

notes that the decarbonization projects must be conducted alongside

Community Electricity, which forms part of Global Carbon Parks and is

closely connected to the GREEN+ alliance member The Energy Coalition

(TEC). As will be discussed later, TEC and Community Electricity are

together attempting to build an inter-continental “smart” grid in the

Americas and are also involved in efforts to develop “smart” cities and

suburbs.<br><br>

As for GREEN+’s conservation projects, the website states that “50% of

the resources received by the capital [city as part of GREEN+] must be

used for social and environmental impact in protected urban areas with

partners such as Cities4Forests.” Cities4Forests was founded by the World

Resources Institute (WRI), a World Economic Forum affiliate and

<a href="https://www.wri.org/about/history">contractor</a> to

<a href="https://www.democracynow.org/2014/4/4/is_usaid_the_new_cia_agency">

suspected CIA front</a> USAID that is focused on resource

“sustainability.” WRI is

<a href="https://www.wri.org/annual-report/2022-23/donors">funded by</a>

the US and several European governments, billionaires Bill Gates, Jeff

Bezos and Mike Bloomberg as well as Google, Meta/Facebook, the Soros

family’s Open Societies Foundations, the UN, Walmart, the World Bank and

the World Economic Forum, among others. WRI’s Cities4Forests shares many

of

<a href="https://cities4forests.com/about/founders-funders-partners/">the

same</a>

<a href="https://cities4forests.com/about/founders-funders-partners/">

funding

</a><a href="https://cities4forests.com/about/founders-funders-partners/">

sources</a>, such as the governments of the UK, Germany, Denmark and the

US as well as the World Bank and the Caterpillar Foundation. Other

funders include the Wall Street giant Citi Group, the Rockefeller

Foundation and the Inter-American Development Bank (IDB). Notably, the

Rockefeller Foundation and the IDB recently

<a href="https://unlimitedhangout.com/2021/10/investigative-reports/wall-streets-takeover-of-nature-advances-with-launch-of-new-asset-class/">

teamed up</a> to create the Intrinsic Exchange Group, which has

spearheaded the financialization of nature via the creation of Natural

Asset Corporations (NACs). As<i> Unlimited Hangout

</i>

<a href="https://unlimitedhangout.com/2021/10/investigative-reports/wall-streets-takeover-of-nature-advances-with-launch-of-new-asset-class/">

previously reported</a>, NACs create corporations that take control of

natural assets that were previously part of the “commons,” such as

forests, rivers and lakes, and then sell shares of those assets to Wall

Street asset managers, sovereign wealth funds and other financial

institutions in order to generate profit under the guise of “conserving”

the asset they target.<br><br>

Unsurprisingly, most of Cities4Forests’ projects, such as those that

would be built with GREEN+ funds, are similar to NACs in that they focus

on using natural assets and “natural capital” to produce new financial

and insurance products. Examples of Cities4Forests “conservation”

projects include the development of a

<a href="https://cities4forests.com/project/forest-resilience-bond/">

Forest Resilience Bond</a> and

<a href="https://www.nbs4india.org/partners/">the India Forum for

Nature-based Solutions</a>. One of the India-based forum’s “core

partners” is the Nature Conservancy, which has been run by Wall Street

bankers for years and

<a href="https://bitcoinmagazine.com/business/tokenized-inc-blackrocks-plan-to-own-the-fractionalized-world-">

has pioneered</a> the modern iteration of the controversial “debt for

conservation” swap among other “nature-based solutions.” The funders of

Cities4Forest and its creator the WRI are also deeply affiliated with

groups like

<a href="https://unlimitedhangout.com/2021/11/investigative-reports/un-backed-banker-alliance-announces-green-plan-to-transform-the-global-financial-system/">

the Glasgow Alliance for Net Zero</a> (GFANZ) and UN-backed climate

finance initiatives that

<a href="https://unlimitedhangout.com/2022/09/investigative-reports/sustainable-debt-slavery/">

openly

</a>

<a href="https://unlimitedhangout.com/2022/09/investigative-reports/sustainable-debt-slavery/">

seek</a> to use debt imperialism to herd the global economy, with a focus

on emerging markets, into

<a href="https://unlimitedhangout.com/2021/11/investigative-reports/un-backed-banker-alliance-announces-green-plan-to-transform-the-global-financial-system/">

a new system of global financial governance</a>.<br><br>

Thus, the “conservation” and “decarbonization” efforts that subnational

governments must enact as part of their contractual agreements with

GREEN+ will go towards projects tied to either the smart grid/smart city

developer Community Electricity or a “conservation” organization backed

by Western oligarchs, multi-national corporations and banks that seeks to

financialize and monetize nature under the guise of conserving

it.<br><br>

<br>

<h2><b>CC35 AND THE SUBNATIONAL PIVOT</b></h2>CC35, or Ciudades Capitales

de las Americas frente al Cambio Climático (American Capital Cities

Facing Climate Change), is the most visible organization behind the

GREEN+ program and one of the members of its governance committee. CC35’s

goal is the economic integration of the Americas (North, South and

Central) through coordinated climate change policies, specifically the

creation of an Inter-American carbon market, with GREEN+ being the means

of implementing that market. The group focuses on “subnational”

governments, namely capital cities of the Americas, thereby circumventing

national governments with respect to Climate Change-related

policy.<br><br>

Regarding GREEN+, Sebastián Navarro, the secretary general of CC35,

<a href="https://www.nasdaq.com/press-release/satellogic-announces-exclusive-agreement-with-green-jurisdictional-programme-to">

stated of the program</a> that: “We will be relentless from the

governance of the GREEN+ program with those who want to continue playing

with the future of humanity,” adding that their “relentless” approach

would be greatly aided by Satellogic’s satellite surveillance

capabilities, which would also “generate unprecedented credibility among

investors of the carbon credits produced by conservation.” Navarro’s

promise to be “relentless” in governing a satellite surveillance regime

of American forests for the purpose of producing “high-credibility”

carbon markets.<br><br>

While framed as an initiative “born out of Latin America,” CC35 is

<a href="https://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=CC35CAPITALCITIESSECRETARIAT%20N240000006600&aggregateId=domnp-n24000000660-0a290665-91f4-4f89-b294-a5de1eebafda&searchTerm=cc35&listNameOrder=CC35CAPITALCITIESSECRETARIAT%20N240000006600">

registered in Miami</a>; Florida (Coral Gables, specifically) and has

long been funded and partnered with US-based interests. For instance,

CC35’s

<a href="https://www.elcomercio.com/tendencias/ambiente/dicaprio-schwarzenegger-proyectos-descarbonizar-planeta.html">

first partners</a> were R20 (Regions of Climate Action, now the Catalytic

Finance Foundation), a group created by former California governor Arnold

Schwarzenegger in partnership with the UN, and the Leonardo DiCaprio

Foundation. From there, CC35

<a href="https://cc35.city/partnetariat-alliances.html">partnered

with</a> UN and UN-linked organizations as well as Pegasus Capital

Advisors, which also <a href="https://www.pcalp.com/about/">finances</a>

CC35 and Schwarzenegger’s R20/Catalytic Finance Foundation. R20/Catalytic

Finance, like CC35, focuses its attention on “subnational”

governments.<br><br>

Pegasus Capital is the firm

<a href="https://www.pcalp.com/about/">created by</a> Craig Cogut,

<a href="https://www.nytimes.com/1990/08/24/business/ex-drexel-executives-arrange-aid-for-fruit-of-the-loom.html">

a key figure</a> in the “junk bond” financial scandal at the now defunct

Drexel Burnham Lambert. Drexel’s junk bond department, led by Michael

Milken, engaged in blatantly illegal activity and used junk bonds to help

fuel the takeovers of major corporations by the era’s infamous “corporate

raiders” before the bank’s collapse. Specifically, Cogut was the lawyer

<a href="https://www.latimes.com/archives/la-xpm-1990-10-23-fi-3113-story.html">

who advised</a> the

<a href="https://www.chicagotribune.com/1991/10/13/the-definitive-account-of-the-insider-trading-scandals/">

Milken-run and scandal-ridden</a> junk bond department on the legality of

transactions, including those that saw Milken become a convicted felon.

Following Drexel’s collapse, Cogut teamed up with a group of Drexel

alumni led by Leon Black – now

<a href="https://www.cnn.com/2023/08/04/business/leon-black-settles-virgin-islands-jeffrey-epstein-claims/index.html">

best known for</a>

<a href="https://www.nytimes.com/2020/10/12/business/leon-black-jeffrey-epstein.html">

his

</a>

<a href="https://www.nytimes.com/2020/10/12/business/leon-black-jeffrey-epstein.html">

close

</a>

<a href="https://www.nytimes.com/2020/10/12/business/leon-black-jeffrey-epstein.html">

association</a>

<a href="https://www.cnn.com/2023/07/25/business/leon-black-jeffrey-epstein-senate-investigation/index.html">

with

</a>

<a href="https://www.cnn.com/2023/07/25/business/leon-black-jeffrey-epstein-senate-investigation/index.html">

the deceased sex trafficker and “financial adviser”

</a>

<a href="https://www.cnn.com/2023/07/25/business/leon-black-jeffrey-epstein-senate-investigation/index.html">

Jeffre</a>

<a href="https://www.cnn.com/2023/07/25/business/leon-black-jeffrey-epstein-senate-investigation/index.html">

y</a>

<a href="https://www.cnn.com/2023/07/25/business/leon-black-jeffrey-epstein-senate-investigation/index.html">

 Epstein</a> – to co-found Apollo Advisers (now Apollo Global Management)

in 1990. Cogut left Apollo to found Pegasus in 1996 and Pegasus has since

became <a href="https://www.pcalp.com/about/">a key player</a> in several

UN-supported “green” finance initiatives. Cogut is also financially

entangled with Satellogic’s co-founder, Emiliano Kargieman, as will be

discussed later.<br><br>

Cogut subsequently became a board member of Arizona State University’s

Global Institute of Sustainability, which was created by Michael Crow

(and who served on the board alongside Cogut). Crow is chairman of the

board of trustees of In-Q-tel, the CIA’s venture capital arm. Cogut also

served on the board of ASU’S McCain Institute, named for the late Senator

John McCain, which has links to Ashton Kutcher’s CIA-linked charity

Thorn. Current board members of the McCain Institute include both Crow

and former CIA director David Petraeus, as well as Lynn Forester de

Rothschild, who co-created the Council for Inclusive Capital with the

Vatican. Cogut was also on the board of the Clinton Health Access

Initiative (CHAI), part of the Clinton family philanthropies, and CHAI

was largely shaped and influenced by notorious sex trafficker and

“financial advisor for billionaires” Jeffrey Epstein, having been the

chief reason for former president Bill Clinton’s flights on Epstein’s

plane in the early 2000s.<br><br>

Notably, Cogut is not the only Drexel alum to be involved in “green

finance.” The field of “green finance” itself was

<a href="https://www.nytimes.com/2006/07/30/magazine/30carbon.html">

essentially invented</a> by Richard Sandor, who made millions at Drexel

during the 1980s, pioneering “innovative” products like the

collateralized mortgage obligation (CMO), which would later contribute to

the 2008 financial crisis. Sandor had previously been deemed the “father

of financial futures” and is also credited with helping create

derivatives. After Drexel’s collapse, Sandor

<a href="https://www.nytimes.com/2006/07/30/magazine/30carbon.html">moved

on</a> to pioneering carbon emissions trading and carbon markets with the

vision of creating “an all-electronic exchange for carbon trading,” a

vision that has since taken shape.<br><br>

CC35 has long been led by Sebastián Navarro. Under his leadership, CC35

helped broker the creation of the Subnational Climate Fund, which is

<a href="https://www.climatepolicyinitiative.org/wp-content/uploads/2020/09/Sub-National_Climate_Fund_Initiative_Instrument_Analysis.pdf">

backed by</a> Cogut’s Pegasus Capital along with BNP Paribas, the

Rockefeller Foundation, the Bloomberg Philanthropies and the governments

of Germany, the UK, Australia and the Netherlands. That fund focuses on

financing infrastructure projects in the Global South at the subnational

(e.g. city, state) level, again bypassing national governments. Indeed,

the main<i> modus operandi</i> of<i> </i>CC35 is brokering contracts

between small, subnational governments and “green” finance entities that

are tied to centers of US/European political or financial power.<br><br>

Navarro is listed as

<a href="https://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=CC35CAPITALCITIESSECRETARIAT%20N240000006600&aggregateId=domnp-n24000000660-0a290665-91f4-4f89-b294-a5de1eebafda&searchTerm=cc35&listNameOrder=CC35CAPITALCITIESSECRETARIAT%20N240000006600">

a director of CC35</a> as are two prominent, right-leaning Latin American

politicians: Felipe Alessandri Vergara, mayor of the Chilean capital

Santiago from 2016 to 2021, and Nasry Asfura Zablah, former mayor of the

Honduran capital Tegucigalpa and former Honduran presidential candidate.

Alessandri is a well-known figure in Chilean center-right politics and an

ally of the recently deceased former Chilean president Sebastián Piñera.

Alessandri is controversial within the Chilean right for his covert

support of initiatives generally favored by the left and publicly shunned

by his party while serving as Santiago’s mayor, such as climate

finance/regional economic integration

(<a href="https://www.munistgo.cl/santiago-asume-la-presidencia-de-alcaldes-por-el-clima-de-cc35/">

via CC35</a>) and his

<a href="https://www.cnnchile.com/pais/audio-filtrado-alessandri-hassler-explicacion-dar-personas-involucradas_20240224/">

financing of

</a>

<a href="https://www.cnnchile.com/pais/audio-filtrado-alessandri-hassler-explicacion-dar-personas-involucradas_20240224/">

initiatives related

to</a>

<a href="https://www.cnnchile.com/pais/audio-filtrado-alessandri-hassler-explicacion-dar-personas-involucradas_20240224/">

 illegal

immigra</a>

<a href="https://www.cnnchile.com/pais/audio-filtrado-alessandri-hassler-explicacion-dar-personas-involucradas_20240224/">

tion</a>. Alessandri’s

<a href="https://www.biobiochile.cl/noticias/nacional/region-metropolitana/2024/02/26/hassler-apunta-a-alessandri-y-pinera-por-abandono-profundo-del-centro-de-santiago.shtml">

successor and supposed

</a>

<a href="https://www.biobiochile.cl/noticias/nacional/region-metropolitana/2024/02/26/hassler-apunta-a-alessandri-y-pinera-por-abandono-profundo-del-centro-de-santiago.shtml">

political</a>

<a href="https://www.biobiochile.cl/noticias/nacional/region-metropolitana/2024/02/26/hassler-apunta-a-alessandri-y-pinera-por-abandono-profundo-del-centro-de-santiago.shtml">

 nemesis</a>, Irací Hassler of Chile’s Communist Party, has since taken

over for Alessandri as CC35’s Vice President for South America. As for

Nasry Asfura, he was the subject of a Honduran political scandal due to

his appearance in the Pandora Papers and his alleged involvement in

suspicious

<a href="https://www.elclip.org/nasry-tito-asfura-pandora-papers-honduras/?lang=en">

offshore finance</a> activities. He was also indicted on money laundering

and fund embezzlement, but charges were dropped under Asfura’s successor

Jorge Aldana, who is now president of CC35.<br><br>

The current vice president of CC35 for Central America is Mario Durán,

the mayor of San Salvador and a close ally of El Salvador’s president

<a href="https://bitcoinmagazine.com/tags/nayib-bukele">Nayib Bukele</a>

as well as a member of Bukele’s Nuevas Ideas party. Durán is poised to

take over the leadership of CC35 per

<a href="https://diarioelsalvador.com/alcalde-mario-duran-liderara-la-iniciativa-ciudades-capitales-de-las-americas-frente-al-cambio-climatico/413808/">

a recent announcement</a> from the group. In 2021, Durán

<a href="https://diariolahuella.com/alcalde-mario-duran-firma-convenio-para-capacitar-alcaldias-de-san-salvador-en-el-uso-del-bitcoin/">

signed a contract</a> with CC35 regarding education about the use of

Bitcoin in all metropolitan region municipalities in El Salvador, and is

the only mention of CC35 promoting the use of Bitcoin. As will be noted

again later on, the CC35-led GREEN+ initiative is partnered with

Rootstock, which created and develops a Bitcoin sidechain that enables

smart contracts on the Bitcoin blockchain. Presumably, the goal is to run

GREEN+’s digital carbon market on the same blockchain.<br><br>

While it may seem odd to an American audience that “regional integration”

efforts under the guise of climate change would be led largely by

right-leaning politicians, it is important to point out that such

integration efforts have historically been led by both left and right

factions in Latin America, who compete for dominance over the region. For

instance, right-leaning efforts at economically and/or politically

integrating the Americas include Mercosur (the Southern Common Market,

now

<a href="https://www.a24.com/politica/javier-milei-recibio-al-presidente-paraguay-y-hablaron-del-vinculo-bilateral-y-la-agenda-del-mercosur-n1293077">

championed</a> by the “anti-globalist” Javier Milei) and Prosur (Forum

for the Progress and Integration of South America, launched by Chile’s

center-right Piñera). Left-leaning efforts include ALADI (Latin American

Integration Association) and UNASUR (Union of South American Nations).

All of these efforts have failed due to geopolitical disagreements mainly

centered around whether to grant membership to countries like Venezuela,

Cuba and others with governments estranged from the so-called “Washington

consensus” or, more recently, efforts to forge closer ties to Russia

and/or China. Given that several important Latin American countries can

suddenly change what side of the “consensus” they are on depending on

presidential election results, such as recently happened in

<a href="https://www.theatlantic.com/international/archive/2023/03/latin-america-currency-union-argentina-brazil-el-sur/673449/">

Brazil and

</a>

<a href="https://www.theatlantic.com/international/archive/2023/03/latin-america-currency-union-argentina-brazil-el-sur/673449/">

Argentina</a>, these regional integration efforts have failed to gain

significant traction over the last several decades. Nevertheless, the end

goal of economic integration begetting political integration

<a href="https://www.globe-project.eu/en/institutional-design-what-do-aladi-mercosur-and-unsaur-have-in-common-and-what-does-it-tell-us-about-south-american-regional-organizations_15379">

remains the same</a>. Thus, as CC35 shows, the push to regionally

integrate Latin America has now, very quietly, pivoted away from

engagement at the national level to the subnational level.<br><br>

<br>

<h2><b>THE CLUB OF ROME’S GLOBAL FOOTPRINT</b></h2>While CC35 is the most

visible face of GREEN+’s governing body, it is actually chaired by a

group called the Global Footprint Network (GFN). The GFN exists to

promote

“<a href="https://www.footprintnetwork.org/our-work/ecological-footprint/">

the Ecological Footprint</a>, which tracks how much nature we use and how

much we have, as an accounting tool” for green finance initiatives and

originated the concept of “ecological debt” based on that metric.

Elsewhere, the GFN calls for “one-planet prosperity” and emphasizes

climate finance, a field dominated by predatory Wall Street banks and

billionaires, as an economic imperative. They work with governments at

both the national and subnational level and establish the carbon

emissions limits for localities, states and countries that programs like

GREEN+ seek to enforce with satellite surveillance and binding

contractual obligations.<br><br>

The GFN is intimately connected to the Club of Rome. For instance, GFN’s

founder and a member of its board, Mathis Wackernagel, who also

co-created the Ecological Footprint concept, is

<a href="https://www.clubofrome.org/member/wackernagel-mathis/">a

member</a> of the Club of Rome. Wackernagel’s former mentor and the

<a href="https://www.footprintnetwork.org/about-us/our-history/">other

developer</a> of the Ecological Footprint, William Rees, was

<a href="https://canadiancor.com/dr-william-rees-on-the-virtues-of-self-delusion-or-maybe-not/">

a member</a> of the Club of Rome until 2018. Heiko Specking, a GFN

<a href="https://www.footprintnetwork.org/about-us/people/">board

member</a>, is also

<a href="https://www.linkedin.com/in/zinnkraut/details/experience/">

affiliated with</a> the Club of Rome as is another GFN board member,

<a href="http://akenji/">Lewis Akenji</a>.<br><br>

The Club of Rome was founded in 1968 by the Italian industrialist Aurelio

Peccei and Scottish chemist Alexander King. Its earliest success was the

1972 report and later book

“<a href="https://www.clubofrome.org/publication/the-limits-to-growth/">

The

</a>

<a href="https://www.clubofrome.org/publication/the-limits-to-growth/">

Limits to Growth</a>,” which was based on an MIT study and claimed that

“if the world’s consumption patterns and population growth continued at

the same high rates of the time, the earth would strike its limits within

a century.” The book was heavily promoted by the earliest annual meetings

of the World Economic Forum, particularly in 1973.<br><br>

Peccei, who spent a large part of his life living in Argentina, had

previously been a member of ADELA, the Atlantic Community Development

Group for Latin America. ADELA was composed of powerful Western companies

that pooled money to invest in Latin American companies of their

choosing, essentially “king-making” the titans of the Latin American

corporate

world.<a href="https://www.nytimes.com/1974/12/15/archives/private-aid-to-private-enterprise-financing-businesses-in-latin.html">

 ADELA’s backers</a>

<a href="https://content.time.com/time/subscriber/article/0,33009,875701,00.html">

included</a> Bank of America, IBM, Fiat (where Peccei was an executive),

and the Rockefeller family’s Standard Oil. The group was part of

<a href="https://www.nytimes.com/1974/12/15/archives/private-aid-to-private-enterprise-financing-businesses-in-latin.html">

the Rockefeller-dominated network in Latin America</a>, which also

included the

<a href="https://radio.uchile.cl/2017/03/21/a-los-101-anos-muere-david-rockefeller-el-gran-amigo-americano-de-agustin-edwards/">

International Basic Economy Corporation</a> (IBEC), which

<a href="https://nsarchive.gwu.edu/briefing-book/chile/2017-04-25/agustin-edwards-declassified-obituary">

has been linked to</a> the 1973 CIA-backed military coup in Chile through

the Chilean Rockefeller associate Agustín Edwards, and Deltec, best known

today as

<a href="https://unlimitedhangout.com/2023/12/investigative-reports/unmasking-farmington-ftx-fluent-finance-and-the-coming-digital-dollar/">

a main bank</a> for the failed crypto exchange FTX and its

<a href="https://www.msn.com/en-us/money/companies/deltec-bank-implicated-in-alleged-tether-manipulation-scheme/ar-BB1it1h7">

close relationship </a>with the stablecoin Tether. Modern iterations of

this network include Endeavor and the Council of the Americas (CoA),

which will be discussed in the second part of this series. Notably, it

was Peccei’s speech at an ADELA conference that

<a href="https://www.cambridge.org/core/journals/journal-of-global-history/article/abs/born-in-the-corridors-of-the-oecd-the-forgotten-origins-of-the-club-of-rome-transnational-networks-and-the-1970s-in-global-history/0441CA6588F99F0825D8FF5F45401FC0">

spurred his partnership</a> with Alexander King and led to the Club of

Rome’s formation.<br><br>

At the time he got involved with Peccei and made the Club of Rome, King

was head of the Organization for Economic Co-operation and Development

(OECD). The OECD was originally established as the OEEC to help

administer the post-WWII, US-developed Marshall Plan and was later

expanded to become a global organization in 1961. The US remains the

OECD’s

<a href="https://www.oecd.org/about/budget/member-countries-budget-contributions.htm">

main funder</a> by a significant margin. The group has

<a href="https://link.springer.com/referenceworkentry/10.1007/978-94-017-9553-1_191-1">

long claimed</a> to promote “sustainable economic growth” and

“consistently improving standard of living in its member countries,” but

– in practice – it routinely favors neoliberal policies that enrich

Western-based multi-national corporations. It is

<a href="https://www.oecd.org/global-relations/oecdpartnershipswithinternationalorganisations/">

closely partnered</a> with entities like the IMF, the World Bank and the

broader multi-lateral development banking system that

<a href="https://unlimitedhangout.com/2022/09/investigative-reports/sustainable-debt-slavery/">

has used debt slavery </a>sold as “economic development” to privatize

state-owned assets and sell them off to privileged corporate interests.

That system has also been considered by the US military to be part of its

arsenal of

“<a href="https://unlimitedhangout.com/2024/02/investigative-reports/tokenized-inc-blackrocks-plan-to-own-the-fractionalized-world/">

financial weapons</a>” used to protect US interests abroad.<br><br>

The Club of Rome was criticized for many decades for embracing

<a href="https://encyclopedia.pub/entry/33719">neo-Malthusian thought</a>

(i.e. eugenics and specifically population control measures in the

developing world) as well as for promoting

<a href="https://unlimitedhangout.com/2022/11/investigative-reports/the-club-of-rome-and-the-rise-of-the-predictive-modelling-mafia/">

greater

</a>

<a href="https://unlimitedhangout.com/2022/11/investigative-reports/the-club-of-rome-and-the-rise-of-the-predictive-modelling-mafia/">

global governance</a>. Some of its members have championed the imposition

of

<a href="https://www.youtube.com/watch?v=ojK05pVOlhs&embeds_referring_euri=https%3A%2F%2Funlimitedhangout.com%2F&feature=emb_imp_woyt">

a “benevolent” global dictatorship</a>. Criticisms of the Club of Rome

have been voiced by

<a href="https://www.jstor.org/stable/3985399">academia</a> as well as

<a href="https://unlimitedhangout.com/2022/11/investigative-reports/the-club-of-rome-and-the-rise-of-the-predictive-modelling-mafia/">

independent </a>and

<a href="https://www.theatlantic.com/ideas/archive/2023/03/population-control-movement-climate-malthusian-similarities/673450/">

mainstream media</a>. The group’s attempt to rebrand as an environmental

group in order to gain popular support for those same policies was

discussed in their 1991 book

“<a href="https://archive.org/details/TheFirstGlobalRevolution/page/n85/mode/2up?q=the+real+enemy">

The First Global Revolution</a>,” which states:<br><br>

<dl>

<dd>“In searching for a common enemy against whom we can unite, we came

up with the idea that pollution, the threat of global warming, water

shortages, famine and the like, would fit the bill. In their totality and

their interactions these phenomena do constitute a common threat which

must be confronted by everyone together. But in designating these dangers

as the enemy, we fall into the trap, which we have already warned readers

about, namely mistaking symptoms for causes. All these dangers are caused

by human intervention in natural processes, and it is only through

changed attitudes and behaviour that they can be overcome. The real enemy

then is humanity itself.”<br><br>

</dl>The Global Footprint Network’s methods, products and ideology are

very much aligned with the neo-Malthusian “Limits to Growth” view of the

Club of Rome as well as the efforts to incorporate nature into financial

markets via so-called “nature-based solutions.” Indeed, the GFN’s

ecological footprint metric is promoted by groups like the World Economic

Forum and the World Wildlife Fund (where Peccei served on the board and

which has long been tied to

<a href="https://www.theguardian.com/news/2004/dec/03/guardianobituaries.monarchy">

European oligarch</a> and

<a href="https://www.theguardian.com/environment/2014/oct/04/wwf-international-selling-its-soul-corporations">

corporate</a> interests). GFN also provides the statistical means of

imposing Limits to Growth-style models that control both population

levels and industrialization levels on governments by developing

“ecological budgets” that, as evidenced by GREEN+, are now interfacing

directly with carbon markets.<br><br>

<br>

<h2><b>BUILDING A “GREEN” POWER MONOPOLY</b></h2>The other member of the

GREEN+ governing committee that will control the program as well as

Satellogic’s surveillance data is The Energy Coalition (TEC). Notably, it

was TEC’s executive director Craig Perkins who said that GREEN+ would

also enable the surveillance of carbon emissions of populated areas,

presumably via satellite. TEC was founded by John Phillips, who ran

<a href="https://phillipsoilandgas.com/services">Phillips Energy</a> – an

oil and gas company, in 1975. Since 1979, it has been closely partnered

with local California governments via its Community Energy Partnership

program. Currently, TEC is

<a href="https://energy-is-everything.org/about">partnered with</a>, and

some of its key initiatives are financed by, major California gas

companies, referred to by TEC as California’s “investor-owned utilities.”

These include Pacific Gas and Electric Company, Southern California

Edison, SDGE and SoCalGas.<br><br>

With the backing of these major oil and gas companies, TEC assures us it

is “creating the building blocks for a new energy economy.” One of its

main partners in doing so is Community Electricity, which claims to be

“building the NASDAQ of the clean energy field.” TEC and Community

Electricity, which is

<a href="https://www.communityelectricity.io/">backed by Google</a>, have

co-designed “a master plan” financed by the California Energy Commission

“to implement the largest and first-of-its-kind decarbonization by

electrification protocols using DERs

[<a href="https://www.energy.gov/femp/distributed-energy-resources-resilience">

distributed energy resources</a>], carbon emissions management,

blockchain, AI and IoT [internet of things] all connected under one

plug-and-play platform.” Community Electric designs, funds and develops

this technology for GluHomes (formerly GluEnergy), its parent company

which shares the same founder as Community Electricity – Felipe Cano. The

program is

<a href="https://www.smart-energy.com/smart-grid/los-angeles-hosts-worlds-largest-blockchain-enabled-advanced-energy-community/">

being piloted</a> in the poorest neighborhoods of Los Angeles as well as

in disadvantaged communities in Colombia. The goal,

<a href="https://medium.com/energy-web-insights/community-electricity-and-energy-web-announce-partnership-to-bring-decentralized-tech-to-2f105150a3db">

per Cano</a>, is to “bring the Americas together” through an

inter-continental, “clean” smart grid.<br><br>

The blockchain

<a href="https://www.coindesk.com/business/2020/08/07/california-agency-backs-green-energy-pilot-using-rsks-bitcoin-smart-contracts/">

involved in these efforts</a> is RSK, the smart contract-oriented

sidechain that runs on top of the Bitcoin network. As previously

mentioned, RSK is a founding member of GREEN+. The initiative involving

TEC, Community Electricity, California’s government, and RSK

<a href="https://www.coindesk.com/business/2020/08/07/california-agency-backs-green-energy-pilot-using-rsks-bitcoin-smart-contracts/">

also

see</a>

<a href="https://www.coindesk.com/business/2020/08/07/california-agency-backs-green-energy-pilot-using-rsks-bitcoin-smart-contracts/">

ks</a> “to digitize carbon credit reporting” and to “create opportunities

for businesses to redeem credits.” The Community Electricity/TEC program

also uses the RSK blockchain to record a person’s energy usage “with the

help of RIF, an identity product [i.e. digital identity] developed by RSK

Labs.” The Community Electricity system requires a digital ID tied to

<a href="https://web.archive.org/web/20240313092108/https://gluenergy.io/en/new-glu-energy/">

a digital wallet</a> that “is embedded to store daily profits derived

from surplus energy sales” that allow electricity consumers to trade

energy credits and become what the company calls “prosumers,” with the

goal of creating “an energy social network.” The Community Electricity

hardware

<a href="https://web.archive.org/web/20240313092226/https://gluenergy.io/en/technology/">

produced with</a> GluHomes also “utilize[s] AI and machine learning to

transform any home intro a smart micro electricity generation

utility.”<br><br>

The group is partnering with real estate developers to develop smart

homes connected to their energy-related technology, with a focus on

social housing and affordable housing, i.e. housing for lower income

families. The goal is to connect together retro-fitted existing homes,

new smart homes, a neighborhood co-op of electric vehicles and a

reward-payment system called

<a href="https://web.archive.org/web/20240313092220/https://gluenergy.io/en/glu-pay/">

GluPay</a>, which is partnered with Mastercard and

<a href="https://www.contigo-global.com/">Contigo</a>, which designs

products “for the unbanked, immigrants, homeless and disadvantaged

population,” with a focus on remittance payments. Contigo is

<a href="https://www.contigo-global.com/">currently in talks</a> with El

Salvador’s government to have the company’s “Payments Wallet tied into

the Salvadoran financial inclusion products.” Contigo is run by

<a href="https://chavez.ucla.edu/person/raul-hinojosa-ojeda/">Raul

Hinojosa</a>, an academic at UCLA who wrote a book entitled “Convergence

and Divergence between NAFTA, Chile, and MERCOSUR: Overcoming Dilemmas of

North and South American Economic Integration,” which focuses on “the

impact of a potential Free Trade of the Americas Agreement.”<br><br>

The creator of Community Electricity and GluHomes, Felipe Cano has also

spent most of his career attempting to economically integrate large

swathes of the world. For instance, in 1998,

<a href="https://www.linkedin.com/in/felipe-cano-12459224/">his

vision</a> was “to unify both European and US stock exchanges under one

platform and protocol, the create the smart grid of the equity market and

stock trading in a bilateral, single network.” This vision led him to

create ECN Access, which “was the first tech hub in Europe to route the

first block of institutional order flows from a European Bank directly to

the NASDAQ electronic exchange without intermediaries,” creating what

<a href="https://www.linkedin.com/in/felipe-cano-12459224/">Cano

calls</a> “the first smart grid every built.” He then sought to “create a

digital market for the energy sector,” which has since culminated in his

creation of Community Electricity and GluHomes. Cano is an adviser to TEC

and is also a senior partner at

<a href="https://www.linkedin.com/in/felipe-cano-12459224/">Silverbear

Capital</a>, where he focuses on investments related to smart cities.

According to <a href="https://sbcfinancialgroup.com/meet-our-team/">his

bio</a> at Silverbear, Cano is also CEO of “Olidata Smart Cities LLC, a

market-maker platform which uses nano-grids and microgrids as the

underlying strategy to deploy the Internet of Things Protocol of the

future.”<br><br>

Cano was also, until recently,

<a href="https://sursantiago.com.ar/politica/2021/12/07/zamora-se-reunio-con-el-presidente-de-la-global-carbon-parks-felipe-cano">

the president</a> of <a href="https://carbonparks.cc35.city/">Global

Carbon Parks</a>, which is a consortium of companies, the only known

members of which all happen to be

<a href="https://carbonparks.cc35.city/">companies that founded</a>

GREEN+, with the one exception being Cano’s Community Electricity. Global

Carbon Parks, unsurprisingly, is now

<a href="https://globalcarbonparks.com/services.html">one of the main

implementers</a> of the GREEN+ program. Global Carbon Parks is also

partnered with <a href="https://www.aclima.io/about">Aclima</a>, a

start-up backed by Microsoft and the foundation of former Google CEO Eric

Schmidt. Global Carbon Park’s stated mission is to “transform protected

areas into natural equity” via public-private partnerships, essentially

admitting that the GREEN+ program it now helps manage is about

financializing protected natural assets and resources.<br><br>

Global Carbon Parks “transforms” these forests into “natural equity” by

measuring, certifying and trading carbon credits in conjunction with the

carbon credit certification Cercarbono (discussed later in this article).

Their <a href="https://globalcarbonparks.com/services.html">partnership

with Satellogic</a>, which goes beyond but also includes the GREEN+

program, uses satellite surveillance “to ensure the integrity of the

preserved area” which contains the carbon represented by the carbon

credits. The company

<a href="https://globalcarbonparks.com/services.html">also promotes</a>

their integration with The Energy Coalition and Community Electricity to

develop “advanced electricity communities” that develop “renewable energy

credits,” which the company claims will “contribute to local wealth

creation.” The company is partnered with a financial firm, which does the

actual trading of carbon credits for both Global Carbon Parks and

presumably GREEN+. However, Global Carbon Parks declines to reveal their

identity, merely stating that “They are a financial firm that integrates

technical, economic, and environmental solutions.”<br><br>

In summary, the governance of the GREEN+ program and the group with

control over its satellite surveillance data; are tied to or funded by

groups that have long used debt as a form of control over the Global

South in particular; seek to control the population size and the degree

of industrialization in countries; are tied to globalist efforts to

economically and politically integrate the Americas; are building a

Bitcoin blockchain-based smart grid that surveils and limits energy usage

and links energy usage to currency; and are integrating and tokenizing

the natural world, including endangered or protected areas, into the

financial system under the guise of conservation. Through CC35’s Alcades

por el Clima (Mayors for the Climate) initiative, over 15,000 local

governments in Latin America

<a href="https://www.alcaldesporelclima.org/">have signed agreements</a>

with CC35 related to carbon emission trading schemes and limits, led by

Brazil (5,564 local governments), Argentina (2,457 local governments),

and Mexico (2,481 local governments). Presumably, those carbon

neutrality/trading agreements will allow CC35 to push those

municipalities into the GREEN+ program, if they aren’t already planning

to participate directly (many are).<br><br>

In other words, the vast majority of Latin America, unbeknownst to the

vast majority of its populace, is already contractually yoked to one of

the main organizations behind the GREEN+ program – run by interests tied

to foreign banks, corporations and even intelligence services. The

program is set to launch continent-wide in a matter of weeks. As this

article and subsequent article will show, what has transpired is a brazen

attempt to conduct a silent coup of the continent’s natural resources,

energy production, local governments and economy.<br><br>

<br>

<h2><b>THE GREEN+ TRUST AND THE BITCOIN CARBON MARKET</b></h2>The GREEN+

Trust, which is to hold and handle the profits from the carbon credits

produced and then disburse them to governments if certain conditions are

met, is to be

<a href="http://web.archive.org/web/20220427141745/https://www.cercarbono.com/wp-content/uploads/2022/04/GREEN-Jurisdictional-Programme-Description.pdf">

managed by</a> individuals “selected from the members institutions of the

[GREEN+] Executive Board” as well as from Isolas, Lockton and Rootstock

(RSK). According to GREEN+, the Trust is not only responsible for fund

custody, but also “the regulation of smart contracts, in coordination

with the certification standard [Cercarbono] and the monitoring of

mitigation initiatives [conducted by Satellogic].” The only known member

of the Trust, as previously mentioned, is Alejandro Guerrero, the head of

Lockton’s branch in Argentina and Uruguay.<br><br>

Lockton, a founding member of GREEN+ and also of Global Carbon Parks, is

the world’s largest, privately held insurance brokerage firm that also

provides risk management services, employee benefits and retirement

services. They are owned by the Lockton family and the company – and the

family behind it – are rather secretive. However, the company has been

overt about the opportunities they see in the type of carbon market that

initiatives like GREEN+ will create.<br><br>

In a 2023 article, Lockton’s head of Digital Integration and Special

Projects, David Briscoe,

<a href="https://global.lockton.com/gb/en/news-insights/making-carbon-dioxide-credits-a-strong-currency">

wrote that</a> making carbon credits “a stable and trusted currency”

would “require the support of the insurance market.” This is because, as

Briscoe notes, “voluntary” carbon markets come with risks, particularly

because “of the financial values involved.” Per Briscoe, these risks

include “non- or under-delivery of forward purchased carbon removal

credits,” “start-ups involved in the voluntary carbon market may face

insolvency risks,” and “fraud and negligence.” Indeed,

<a href="https://www.theguardian.com/environment/2023/aug/24/carbon-credit-speculators-could-lose-billions-as-offsets-deemed-worthless-aoe">

mismanagement and fraud</a> has been

<a href="https://www.technologyreview.com/2023/11/02/1082765/the-growing-signs-of-trouble-for-global-carbon-markets/">

a major driver</a> of why carbon markets have failed to catch on despite

relentless promotion and the adoption of ESG and climate change plans by

many of the most powerful names in finance and industry. Instead of

addressing the rampant fraud in carbon credits directly, it appears that

the high probability of fraud and insolvency has been seen as an

opportunity to create a new market for the insurance industry, with

carbon credit insurance being framed as the only “feasible” means of

de-risking the

<a href="https://www.theguardian.com/environment/2024/mar/27/australias-carbon-credits-system-a-failure-on-global-scale-study-finds">

fraud-prone world</a> of carbon markets, which

<a href="https://www.reuters.com/business/sustainable-business/reuters-impact-greenpeace-calls-end-carbon-offsets-2021-10-06/">

have been criticized</a> by environmental groups and

<a href="https://www.kpbs.org/podcasts/kpbs-midday-edition-segments/2019/05/28/propublica-carbon-credits-dont-fight-climate-chang">

have been shown</a> to have a negligible impact on climate.<br><br>

Lockton offers a variety of products related to carbon credits and so do

its competitors, with the first such insurance having been issued by the

UK-based insurance company Howden in 2022. That product was

<a href="https://www.howdengroup.com/news-and-insights/Howden-launches-World-First-voluntary-carbon-credit-insurance-product-to-help-scale-the-market">

designed to</a> “increase confidence in the Voluntary Carbon Market” and

was “incubated” in collaboration with “the Insurance Task Force of the

Sustainable Markets Initiative; an initiative led by His Royal Highness

The Prince of Wales [now King Charles].” Industry publications have

<a href="https://www.theinsurer.com/news/carbon-credits-the-next-1bn-insurance-market/">

openly posited</a> that carbon credits are likely to be “the next $1

billion insurance market.” Some companies, like

<a href="https://www.kita.earth/">Kita</a> and

<a href="https://www.reinsurancene.ws/cloverly-and-oka-launch-a-new-suit-of-insured-carbon-credits/">

Oka</a>, were created specifically to insure carbon credits. Presumably,

Lockton’s involvement with GREEN+ means that Lockton will be insuring the

mass of carbon credits to be produced by the program, which plans to

harvest carbon credits from all of the world’s “subnational protected

areas.” In addition, Lockton’s role as the carbon credits insurer means

it will be involved in ensuring that those cities/regions that are to

become part of GREEN+ comply with the program’s stipulations in order to

receive funds from the trust.<br><br>

Another member of the GREEN+ Trust is RSK, or Rootstock. RSK is a

<a href="https://bitcoinmagazine.com/technical/federated-sidechains-bitcoin-original">

federated sidechain</a> built on top of the Bitcoin blockchain that

allows smart contract functionality akin to the Ethereum blockchain,

leveraging the same programming language known as Solidity. In effect,

this means that any</i> smart contract that can be designed and authored

on Ethereum, such as identity systems, dollar-pegged stablecoins, or

tokenized carbon credits, can be “trivially” ported to Bitcoin. The

concept of Bitcoin sidechains was first introduced in

<a href="https://blockstream.com/sidechains.pdf">October 2014</a> by a

group of Bitcoin developers mainly employed by Blockstream, whose

<a href="https://www.crunchbase.com/funding_round/blockstream-seed--3fcfe8a5">

November 2014 seed round</a> was led by Reid Hoffman, that gives

“bitcoins and other ledger assets” the ability to be “transferred between

multiple blockchains” giving new functionality to “assets they already

own” without compromising any of the security innate to Bitcoin’s

blockchain. RSK works by allowing

<a href="https://dev.rootstock.io/rsk/architecture/">users to deposit

funds</a> sent using traditional bitcoin transactions into a wallet

controlled by a federation (in this case, a known group of

Rootstock-selected key signers) that issues a 1:1 token called Smart

Bitcoin, represented by RBTC, which fuels the RVM (Rootstock Virtual

Machine), a forked version of the EVM (Ethereum Virtual Machine). RBTC is

“the native currency” of Rootstock, and is used to pay for the fees

required to complete and settle the smart contracts or transactions that

take place on the RSK sidechain.<br><br>

RSK was launched in 2015 by RSK Labs, which was

<a href="https://blog.rootstock.io/noticia/iov-labs-launch/">acquired

by</a> RIF Labs before becoming IOV (“internet of value”) Labs. IOV labs,

as of last week, has rebranded once again to become

<a href="https://www.rootstocklabs.com/">RootstockLabs</a>. It was

co-founded by Sergio Lerner, who

<a href="https://www.coindesk.com/business/2014/12/05/bitcoin-foundation-hires-developer-sergio-lerner-for-full-time-security-role/">

became</a> the Bitcoin Foundation’s bitcoin core security auditor the

same year he conceived of RSK, and Diego Gutierrez Zaldivar. Gutierrez is

the <a href="https://www.iovlabs.org/about-us.html">current chairman</a>

of RootstockLabs, while Lerner is its chief scientist and they are the

president and vice president, respectively, of the

<a href="https://www.iovf.org/about-us/">IOV Foundation</a>, which

enables “interventions that contribute to sustainable development,”

specifically the UN Sustainable Development Goals (SDGs), with a focus on

emerging markets and territories. A major goal of the SDGs is

<a href="https://unlimitedhangout.com/2021/11/investigative-reports/un-backed-banker-alliance-announces-green-plan-to-transform-the-global-financial-system/">

to create</a> a new global financial governance system. That system

<a href="https://www.bankofengland.co.uk/-/media/boe/files/speech/2019/the-growing-challenges-for-monetary-policy-speech-by-mark-carney.pdf">

has been described</a> in recent years by top UN climate finance

official, central banker, and ex-Goldman Sachs executive Mark Carney, as

relying largely on programmable, surveillable digital currencies (namely

central bank digital currencies, or CBDCs) and a global carbon

market.<br><br>

According to RootstockLabs and its affiliated foundation, the group’s

<a href="https://www.iovf.org/about-us/">mission</a> is to harness “the

power of digital technology, blockchain, and collaboration” to “break

down barriers and create a more equitable society.” They also state that

Rootstock Labs <a href="https://www.iovf.org/about-us/">was created</a>

with the intent of creating “a new open financial ecosystem,” while

<a href="https://rif.technology/about/">RIF Labs</a> states it (along

with RootstockLabs) is “creating a global financial system that works for

everyone.”<br><br>

Diego Gutierrez is a long-time associate of Wenceslao (Wences) Casares,

an Argentine tech entrepreneur sometimes referred to as the

“<a href="https://www.inc.com/articles/201112/argentine-entrepreneur-750-million-mistake.html">

Peter Thiel of Latin America</a>.” Gutierrez

<a href="https://www.linkedin.com/in/diegogutierrezzaldivar/details/experience/">

worked

</a>

<a href="https://www.linkedin.com/in/diegogutierrezzaldivar/details/experience/">

with</a> Casares at Argentina’s first Internet service provider, which

Casares had launched, and then helped create the Casares-founded

Argentinian online brokerage firm Patagon that was later sold to Spanish

banking giant Santander. Casares, like Gutierrez, is a long-time promoter

and early adopter of Bitcoin and is allegedly responsible for pitching

the promise of Bitcoin to elites, like Bill Gates and LinkedIn/PayPal’s

Reid Hoffman. Hoffman

<a href="https://www.coindesk.com/markets/2015/06/11/wences-casares-the-bitcoin-obsessed-serial-entrepreneur/">

once referred</a> to Casares as Bitcoin’s “patient zero” in terms of

<a href="https://www.forbes.com/sites/ktorpey/2018/01/15/paypals-wences-casares-i-can-imagine-a-world-in-which-bitcoin-becomes-a-global-standard-of-value/?sh=78220b2063b5">

Silicon Valley’s interest</a> in Bitcoin. Forbes

</i><a href="https://archive.md/Bvtfe">has

</a><a href="https://archive.md/Bvtfe">even

</a><a href="https://archive.md/Bvtfe">referred</a> to Casares as “crypto

royalty who ran with the original gang of Bitcoin OGs.” Casares

subsequently became

<a href="https://newsroom.paypal-corp.com/PayPal-Appoints-Wences-Casares-to-its-Board-of-Directors">

a board member</a> of PayPal and also part of Facebook’s failed

stablecoin project Libra/Diem. He is also a World Economic Forum

<a href="https://newsroom.paypal-corp.com/PayPal-Appoints-Wences-Casares-to-its-Board-of-Directors">

Young Global Leader</a>.<br><br>

Casares was formerly a partner at NXTP Ventures, one of the oldest

venture capital firms in Latin America, and he is credited with

introducing the firm’s founders to crypto. NXTP subsequently became a

major investor in Gutierrez’s RSK as well as another Gutierrez-founded

company, Koibanx, a Latin America-focused asset tokenization company that

–

<a href="https://www.coindesk.com/business/2022/08/18/blockchain-protocol-algorand-leads-22m-investment-round-in-tokenization-firm-koibanx/">

per its CEO</a> – is at the “forefront of redefining Latin America’s

financial system.” Gutierrez’s Koibanx has been instrumental in

developing Bitcoin products and services

<a href="https://koibanx.medium.com/el-salvador-signs-a-cooperation-agreement-with-koibanx-to-develop-the-governments-blockchain-6506f30564fe">

sponsored by El Salvador’s government</a> as well as enabling the role of

Algorand as

<a href="https://bitcoinmagazine.com/culture/reporting-on-bitcoin-adoption-in-el-salvador">

an intermediary</a> in El Salvador’s Bitcoin ecosystem. Algorand is also

a

<a href="https://www.coindesk.com/business/2022/08/18/blockchain-protocol-algorand-leads-22m-investment-round-in-tokenization-firm-koibanx/">

major investor</a> in Koibanx and is currently run by

<a href="https://www.algorand.foundation/news/staci-warden-ceo">Staci

Warden</a>, who aided the cronyist privatization of Russia while at

Harvard, oversaw J.P. Morgan’s division of emerging market government

debt and led crypto-related initiatives and “global market development”

for the Institute of the mastermind of the Drexel Burnham Lambert junk

bond scandal, Michael Milken.<br><br>

Gutierrez’s Koibanx

<a href="https://www.prnewswire.com/news-releases/nigeria-to-launch-major-crypto-initiative-ip-exchange-marketplace-and-wallet-on-algorand-in-partnership-with-developing-africa-group-and-koibanx-301553306.html">

has also launched</a> a blockchain-based digital ID in Colombia with over

12 million users and is partnered with Nigeria’s government on a crypto

initiative where Nigerians can exchange their intellectual property (IP)

for a “stable token” considered “equivalent to the Naira,” Nigeria’s

currency that has been completely taken over by the government’s central

bank digital currency (CBDC) project. Both of those projects have also

been conducted jointly with Algorand. Algorand is

<a href="https://www.sicpa.com/news/sicpa-joins-digital-monetary-institute#:~:text=Members%20of%20the%20DMI%20include,Six%20Digital%20Exchange%20and%20SWIFT">

a member</a> alongside PayPal and Amazon of the Digital Monetary

Institute, which

<a href="https://www.omfif.org/dmi-symposium-2023/">works with</a>

central banks, major commercial banks, and Big Tech firms to “examine the

distribution and use cases of both retail and wholesale central bank

digital currencies, tokenised assets, deposits and capital markets,

cross-border payments and domestic interoperability.” The DMI

<a href="https://www.omfif.org/dmi-symposium-2023/">also focuses</a> on

“crypto assets and stablecoins.”<br><br>

NXTP is also an investor in Ripio, an Argentina-based crypto firm

<a href="https://www.weforum.org/organizations/ripio/">partnered with</a>

the World Economic Forum. Rootstock co-founder Sergio Lerner

<a href="https://www.crunchbase.com/organization/ripio-credit-network/people">

sits</a>

<a href="https://www.crunchbase.com/organization/ripio-credit-network/people">

 on the board</a> of Ripio’s P2P lending subsidiary, the Ripio Credit

Network (RCN). Ripio is

<a href="https://www.coindesk.com/business/2021/09/20/latin-american-crypto-firm-ripio-raises-50m-to-accelerate-regional-expansion/">

backed by</a> <a href="https://bitcoinmagazine.com/tags/tim-draper">Tim

Draper</a>, who is

<a href="https://www.coindesk.com/markets/2017/06/12/150-million-tim-draper-backed-bancor-completes-largest-ever-ico/">

on the board</a> of the

<a href="https://www.timesofisrael.com/in-court-battle-blockchain-firms-reveal-ties-to-banned-binary-options-industry/">

Netanyahu family-founded</a> crypto company Bancor,

<a href="https://bitcoinmagazine.com/tags/barry-silbert">Barry

Silbert</a>’s Digital Currency Group, and Argentina’s richest man Marcos

Galperín. Galperín also sits on the board of GREEN+ partner and

intelligence-linked satellite surveillance firm Satellogic (discussed in

greater detail later in this article). Galperín is intimately connected

to the “emerging market” entrepreneurial network known as Endeavor, the

board of which is

<a href="https://endeavor.org/about-us/global-board/">chaired by</a>

Edgar Bronfman Jr. and includes Reid Hoffman. Both

<a href="https://archive.org/details/one-nation-under-blackmail-vol-1-2-whitney-alyse-webb">

the Bronfman family</a> and

<a href="https://www.dailymail.co.uk/news/article-12046383/Billionaire-Reid-Hoffman-spent-night-Jeffrey-Epsteins-pedophile-island-conviction.html">

Hoffman</a> have considerable ties to sex trafficker and financial

criminal Jeffrey Epstein. Wences Casares was

previously<a href="https://www.endeavor.org.ar/emprendedores/sebastian-serrano/">

 on Endeavor’s board</a> and still maintains ties with the group. Ripio

is also

<a href="https://www.endeavor.org.ar/emprendedores/sebastian-serrano/">an

Endeavor-backed company</a>.<br><br>

Galperín’s company, Mercado Libre, is considered the

<a href="https://endeavor.org/stories/mercado-libre-becomes-first-endeavor-company-to-surpass-10-billion-market-value/">

first Endeavor success story</a>, and Galperín sits

<a href="https://www.endeavor.org.ar/equipo/">on the board</a> of

Endeavor’s Argentina branch alongside controversial Argentinian

oligarchs, like former George Soros protégé

<a href="https://www.mintpressnews.com/the-owner-the-rise-of-eduardo-elsztain-and-the-coming-end-of-argentinas-democracy/256959/">

Eduardo Elzstain</a>. Galperín’s Mercado Libre is

<a href="https://www.pymnts.com/news/2019/paypal-mercado-libre-pago-ecommerce-payments/">

deeply interconnected</a>

<a href="https://newsroom.paypal-corp.com/paypal-makes-strategic-investment-in-mercadolibre">

with PayPal</a> as well as

<a href="https://www.coindesk.com/business/2021/12/02/e-commerce-giant-mercado-libre-taps-paxos-to-power-crypto-service-in-brazil/">

Paxos</a>,

<a href="https://www.coindesk.com/business/2022/01/21/e-commerce-giant-mercado-libre-invests-in-crypto-firms-paxos-2tm/">

the stablecoin issuer</a> creating PayPal’s stablecoin, PYUSD. Mercado

Libre’s Mercado Pago subsidiary, Ripio and Brazil’s Mercado Bitcoin

(another

<a href="https://news.bitcoin.com/2tm-mercado-bitcoins-holding-company-raises-50-3-million-in-second-closing-of-series-b-funding-round/">

Endeavor</a>

/<a href="https://web.archive.org/web/20230324093224/https://investor.mercadolibre.com/news-releases/news-release-details/mercado-libre-announces-investments-mercado-bitcoin-and-paxos">

Mercado Libre</a>-connected company) collectively dominate crypto use in

South America, especially its biggest markets – Argentina and

Brazil.<br><br>

Diego Gutierrez’s RSK and Wences Casares’ Xapo, a crypto-focused bank

founded in 2014 with a long-standing interest in Bitcoin and stablecoin

providers, share a common tie in Joey Garcia, who is on the board of both

companies. Garcia is <a href="https://www.xapobank.com/about-us">also

listed</a> as being Xapo’s Chief Legal & Regulatory Officer. Garcia

is <a href="https://gibraltarlawyers.com/people/joey-garcia/">a lawyer

</a><a href="https://gibraltarlawyers.com/people/joey-garcia/">for and

head of the fintech team</a> at the Gibraltar-based law firm Isolas,

which is also part of the GREEN+ group and manages the GREEN+ Trust

alongside RSK and Lockton. Both Xapo and RSK’s parent, Rootstock Labs,

are based in Gibraltar – a UK overseas territory, where Garcia

<a href="https://www.finextra.com/pressarticle/85755/gibraltar-extends-regulatory-guidelines-for-digital-asset-exchanges">

helped develop and lobby for</a> crypto regulations with hopes of having

that regulatory regime influence coming regulations in the US and Europe.

Garcia is also

<a href="https://gibraltarlawyers.com/people/joey-garcia/">connected

to</a> UN initiatives on digital currencies, with a focus on regulation

and law enforcement.<br><br>

The involvement of this network in GREEN+ speaks to an effort to utilize

the Bitcoin blockchain in the creation of a new global financial system

centered around digital currencies and carbon markets. As carbon markets

have developed, it

<a href="https://www.coindesk.com/consensus-magazine/2023/04/21/unleashing-the-green-economy-how-blockchain-can-transform-climate-friendly-investment-opportunities/">

has become clear </a>that the carbon market which central and commercial

bankers wish to build (with UN backing) will be blockchain-based and that

carbon credits will be tokenized and traded on digital exchanges, such as

the Goldman Sachs and

<a href="https://xpansiv.com/blackstone-announces-400-million-investment-in-xpansiv/">

Blackstone-backed</a> Xpansiv, which is

<a href="https://xpansiv.com/partnerships/">partnered with</a> GREEN+

members Cercarbono and EcoRegistry.<br><br>

There are efforts to make Bitcoin the blockchain on which these markets

(or at least key parts of them) will run, hence the relatively recent

effort to create a more “sustainable” and “net zero” Bitcoin. RSK is

clearly part of this effort, as evidenced by their involvement in GREEN+,

where they are managing the smart contracts of GREEN+ carbon credits, as

well as

<a href="https://www.coindesk.com/business/2020/08/07/california-agency-backs-green-energy-pilot-using-rsks-bitcoin-smart-contracts/">

their partnership</a> with the California Energy Commission and GREEN+

member The Energy Coalition on creating “an experimental market for

carbon credit trading” on top of Bitcoin.<br><br>

The importance of RSK within the maturation of the carbon credit market

in the blockchain era is two-fold; the direct and immediate

interoperability between tokenized assets representing green finance

instruments and bitcoin, and the leveraging of the most distributed and

most secure blockchain in the world, Bitcoin, as a universal ledger for

the execution and settlement of otherwise impossible smart contracts.

Rootstock allows Bitcoin the protocol to become the enabling and

enforcing environment for all aspects of climate capitalism – green bond

authoring and settlement, parametric insurance clauses, the tokenization

of carbon emission offsets, and the

<a href="https://blog.rootstock.io/noticia/stablecoins-on-bitcoin-mitigating-volatility/">

issuance of dollar stablecoins</a> that denominate the entire system and

globalize the US Treasury market.<br><br>

As recently mentioned, Diego Gutierrez of RSK was a very early adopter

and promoter of Bitcoin and today runs Bitcoin Argentina while also being

a co-founder of Latin America’s largest and oldest Bitcoin conference. In

<a href="https://www.lavoz.com.ar/negocios/diego-gutierrez-zaldivar-latinoamerica-puede-ser-pionera-en-tener-el-sistema-financiero-del-futuro/">

an interview</a> with Argentinian outlet La Voz</i> early last year,

Gutierrez stated that, in order for Bitcoin to become part of the global

financial system that is emerging, there would have to be a “trade off”

that would mean stripping Bitcoin of its “ethos” and “part of its

disruptive potential.” In other words, in Gutierrez’s view, Bitcoin must

cease to be a threat to central and commercial banks as it integrates

into the system those banks have designed and uphold and will become

their tool. There is perhaps no greater evidence of this than the recent

pivot of

<a href="https://unlimitedhangout.com/2024/02/investigative-reports/tokenized-inc-blackrocks-plan-to-own-the-fractionalized-world/">

BlackRock’s Larry Fink</a> on Bitcoin and its promise as a “technology

for asset storage” and the wild success of BlackRock’s Bitcoin ETF.

Gutierrez also tellingly stated in the same interview that there would

soon be a move away from fiat and fiat-backed stablecoins to

commodity-backed stablecoins that would make the companies and entities

that control those commodities (which would include carbon in this

emerging financial paradigm) more powerful than central banks and

eliminate the need for central banks entirely.<br><br>

Wences Casares, Gutierrez’s close associate, created his bank Xapo

<a href="https://abcnews.go.com/blogs/business/2014/03/underground-vault-offers-bitcoin-protection-with-armed-guards-biometric-scanners/">

to help</a> “solve the disjointed nature of our world economy” and to act

as “the bridge between bitcoin, US dollars and stablecoins.” As a

consequence, Xapo has been a key player in efforts to dollarize bitcoin

and has developed close relationships with

<a href="https://finance.yahoo.com/news/xapo-bank-becomes-first-fully-171000537.html">

Circle</a> (USDC),

<a href="https://u.today/tether-usdt-replaces-swift-for-usd-operations-of-xapo-bank-details">

Tether</a> (USDT) and

<a href="https://www.coindesk.com/business/2023/03/02/xapo-bank-integrates-bitcoins-lightning-network-partners-with-lightspark/">

Light</a>

<a href="https://www.coindesk.com/business/2023/03/02/xapo-bank-integrates-bitcoins-lightning-network-partners-with-lightspark/">

spark</a>, whose founder David Marcus

<a href="https://bankautomationnews.com/allposts/payments/david-marcus-bitcoin-paypal-ceo/">

invested in Xapo</a> while head of PayPal. Marcus

<a href="https://www.nytimes.com/2021/11/30/technology/david-marcus-facebook-libra-diem-novi.html">

also previously worked</a> for Facebook and co-created Facebook’s

Libra/Diem stablecoin project, where Casares was on the board and which

was allied with Xapo. Xapo’s <a href="https://archive.is/xxuLt">initial

advisory board</a> was composed of former longtime head of Citibank John

Reed, Visa founder Dee Hock and former Treasury Secretary and Harvard

president Larry Summers. Summers is best known for

<a href="https://archive.org/details/one-nation-under-blackmail-vol-1-2-whitney-alyse-webb">

his close association</a> with Jeffrey Epstein and his role in

<a href="https://www.theatlantic.com/business/archive/2013/09/the-comprehensive-case-against-larry-summers/279651/">

repealing key provisions</a> of the Glass-Steagall Act at

<a href="https://www.pogo.org/investigations/how-clinton-team-thwarted-effort-to-regulate-derivatives">

Citi’s behest</a>, which is widely believed to have provoked the 2008

financial crisis. While on Xapo’s board, Summers became a leading voice

behind the effort to

“<a href="https://www.climatechangenews.com/2015/01/05/larry-summers-its-time-the-us-placed-a-price-on-carbon/">

put a price on carbon</a>” and implement

<a href="https://www.washingtonpost.com/opinions/oils-swoon-creates-the-opening-for-a-carbon-tax/2015/01/04/3db11a3a-928a-11e4-ba53-a477d66580ed_story.html">

carbon taxes</a> and carbon markets. In 2015, together with these men,

<a href="https://archive.is/xxuLt">Xapo claimed</a>, they would build

“the global bitcoin ecosystem.”<br><br>

<br>

<h2><b>THE GREEN+ REGISTRY</b></h2>Working closely with the GREEN+ Trust

is the carbon credit certification standard chosen by GREEN+, Cercarbono.

In addition to certifying the carbon credits produced by the program,

Cercarbono also has a role in choosing which initiatives participating

jurisdictions can implement with funds received and are also involved in

fund custody alongside the GREEN+ Trust. Cercarbono

<a href="https://allcottrading.com/uncategorized-en/cercarbono/">was

launched</a> in 2016, shortly after Colombia – where Cercarbono was

formed – passed a law establishing a carbon tax. Cercarbono’s founders

created the company because the law created a “need for a national

certifying entity that would provide solutions to the climate problem.”

Further Colombian legislation in 2017 spurred the company to expand into

carbon markets. It has since become a leading voluntary carbon credit

certifier in Latin America.<br><br>

In 2018, Cercarbono

<a href="https://allcottrading.com/uncategorized-en/cercarbono/">

formed</a> a partnership with

<a href="https://www.ecoregistry.io/">EcoRegistry</a>, a blockchain

registry that is also part of GREEN+ and “develops services and platforms

for reporting, monitoring and registering environmental assets and carbon

units.” The program says the company also “addresses the issuance,

monitoring and cancellation of the carbon credits generated by the

jurisdictions in close coordination with the certification standard and

the Trust Fund.” EcoRegistry

<a href="https://www.ecoregistry.io/how-it-works">provides</a> a unique

serial number to each carbon credit issued and allows for close

monitoring of that credit on-chain. As a consequence, it works closely

with the lead of GREEN+’s monitoring unit, the intelligence-linked

satellite surveillance firm Satellogic. EcoRegistry is also a part of the

<a href="https://climateactiondata.org/">Climate Action Data Trust</a>,

or CAD Trust. The CAD Trust was discussed in

<a href="https://bitcoinmagazine.com/business/tokenized-inc-blackrocks-plan-to-own-the-fractionalized-world-">

previous reporting</a> from Bitcoin Magazine </i>and Unlimited Hangout

</i>and is an effort led by the World Bank and funded by Google (among

others) in an effort to construct what they refer to as “climate

wallets.” IETA, discussed below, is

<a href="https://carboncredits.com/xpansiv-cbl-to-trade-cercarbono-carbon-credits/">

also a member</a> of the CAD Trust.<br><br>

The World Bank has been exploring tokenization and digital ledger

technology in order to create “a modular and interoperable end-to-end

digital ecosystem for the carbon market.” Through the Digital for Climate

(D4C) working group, the World Bank aims to build “the next generation of

climate markets” by directing governments to create National Carbon

Registries reliant on blockchain technology. The

<a href="https://www.theclimatewarehouse.org/work/digital-4-climate">data

produced by these registries</a> will be “link[ed], aggregat[ed] and

harmoniz[ed]” by the CAD Trust. D4C itself leverages the Chia blockchain,

developed by BitTorrent inventor Bram Cohen. Part of the D4C’s “Climate

Tokenization Suite” includes the aforementioned Climate Wallet to

facilitate the exchange of carbon credit tokens, requiring an active

connection to a Climate Action Data Trust node to function.<br><br>

EcoRegistry is also part of the Climate Chain Coalition, whose other

members include disgraced WeWork CEO Adam Neumann’s new venture

Flowcarbon, the Cardano Foundation, the Google-backed oracle service

Chainlink, and <a href="https://www.sustainablebtc.org/">the Sustainable

Bitcoin Protocol</a> (SBP), which seeks to “encourage [bitcoin] miners to

utilize environmentally friendly energy sources using tokenization.” The

SBP aims to turn “sustainability into an investable asset” when they

create what they refer to as

<a href="https://www.sustainablebtc.org/sustainable-bitcoin-certificate">

a Sustainable Bitcoin Certificate</a> (SBC), a verified “on-chain

environmental asset” representing “bitcoin mined using clean

energy.”<br><br>

The SBP website further specifies the incentivized opportunity for

additional revenue streams for Bitcoin miners, stating that “unlike

carbon credits or RECs which are retired,” each individual SBC is a

tokenized asset which “permanently represents the sustainability of one

bitcoin.” Due to an upcoming 50% reduction in the rate of bitcoin issued

per block – referred to as a “halving” – alternative sources of income

for miners can be the difference between thriving and barely surviving in

such an unforgiving market. While initially issued alongside the mining

of every new bitcoin, the SBC itself can later be sold to other

investors. Depending on future regulations of energy in relation to

Bitcoin mining operations in the United States, non-mining businesses

might look to purchase these certificates from miners as a means to

offset the carbon footprint of their bitcoin holdings.<br><br>

In effect, the SBP aims to incentivize carbon neutrality for Bitcoin

miners while simultaneously allowing investors to meet ESG goals while

holding bitcoin on their balance sheet, the latter exemplified in

<a href="https://www.businesswire.com/news/home/20230323005663/en/Sustainable-Bitcoin-Protocol-partners-with-BitGo-to-Launch-the-First-Sustainable-Custody-Solution-for-Bitcoin">

their partnership</a> with Bitcoin custodian BitGo. Their website

explains that they “believe Bitcoin has a unique potential to expedite

the clean energy transition” and due to being “the world’s first

commodity derived from a network,” every bitcoin mined is “fully fungible

in both price and also carbon footprint” – culminating in a

“sustainability opportunity unlike any other industry.” If a large

company with a large carbon output due in large part to the sheer energy

demands of being a multi-national company – traveling employees, large

scale data centers, and simply offices that require electricity – was

holding bitcoin on their balance sheet, they could purchase large amounts

of SBCs to source yield on the appreciating certificate token while also

generating accounting opportunities to reach metric-based ESG goals

faster.<br><br>

The co-founder of SBP,

<a href="https://www.linkedin.com/in/matthew-twomey-32247028/">Matthew

Twomey</a>, previously worked at Goldman Sachs, OSL and Deutsche Bank,

while Head of Climate Strategy

<a href="https://www.linkedin.com/in/elliot-david-101/details/experience/">

Elliot David </a>previously held positions at the US Department of

Energy, as well as worked with the Clinton Foundation within their

Clinton Climate Initiative on their Island Energy Program. Listed among

the <a href="https://www.sustainablebtc.org/about">SBP Advisors</a> are

Natasha Barrientos (S&P Global and the United Nations), Dr. Julia

Nesheiwat (the Atlantic Council), Emma Todd (World Economic Forum) and

Kelvin Chang (Coinbase and Microsoft).<br><br>

Cercarbono and EcoRegistry share several noteworthy partners and

affiliations. For example, both are members of

<a href="https://asocarbono.org/membresias/">Asocarbono</a>, an alliance

of different companies and actors running or supporting Colombian carbon

markets, that has written about the issue of

<a href="https://asocarbono.org/wp-content/uploads/2024/02/documento-concepto-juridico-derecho-de-carbono-en-Colombia.pdf">

“carbon rights”</a> within voluntary carbon markets. According

to<a href="https://www.un-redd.org/post/carbon-rights-and-importance-benefit-sharing">

 the UN</a>, “carbon rights” “comprises two fundamental concepts: 1) the

property rights to sequester and store carbon, contained in land, trees,

soil, etc. and 2) the right to benefits that arise from the transfer of

these property rights (i.e. through emissions trading schemes).” The

issue itself portends the possibility that those who purchase carbon

credits will obtain the “property rights” of the carbon sequestered in

trees and other natural elements found in the area tied to those carbon

credits, opening the door to land grabs through carbon markets. Notably,

there is no clear definition of carbon rights and it is unclear, due to

the fact that their contracts with jurisdictions/governments are not

publicly available, how GREEN+ views the issue of carbon rights in

relation to property rights.<br><br>

EcoRegistry and Cercarbono are also both

<a href="https://www.prnewswire.com/news-releases/acx-partners-with-ecoregistry-and-cercarbono-to-promote-carbon-offsetting-through-the-use-of-technology-and-innovation-301873769.html">

partnered with AirCarbon Exchange (ACX</a>), “the world’s first fully

digital carbon exchange,” established in 2019 with the Singapore

Sustainable Energy Association – subsidized by the Singapore government’s

Enterprise Singapore – and

<a href="https://unfccc.int/news/unfccc-partners-with-the-aircarbon-exchange-to-promote-carbon-offsetting">

backed by the UN</a>. ACX was founded by

<a href="https://acx.net/team-showcase/thomas-mcmahon/">CEO Thomas

McMahon</a>, an over 30 year veteran of the commodities and derivatives

industry, having spent over 20 years at the New York Mercantile Exchange

before establishing himself in Singapore, where ACX is based. ACX is

Singapore’s first international carbon credit exchange,

<a href="https://d1qfwzw6aggd4h.cloudfront.net/about/NICMR-SG-Carbon-Credit-Trading-A4_2022-10-19-145836_qzqc.pdf">

chosen by McMahon</a> “due to demand for carbon credits from the airline

industry.” The exchange uses distributed ledger technology, specifically

the Ethereum blockchain, to trade six different tokenized carbon credits,

boasting settlement for “as low as $3 per 1,000 CO2 tonnes.” While ACX

began mainly by focusing on the airline industry, the exchange now has

over 160 clients ranging from financial institutions to project

developers. Between January and August 2021, over 5.7 million CO2 tonnes

were traded on the exchange. Mubadala, the Abu Dhabi sovereign wealth

fund,

<a href="https://carboncredits.com/abu-dhabi-wealth-fund-mubadala-invests-acquires-stake-acx/">

acquired a 20% stake</a> in the company, with the intent to build a

carbon exchange in the UAE. ACX is

<a href="https://acx.net/about-us/">also partnered</a> with IETA (more on

them below), as well as the Carbon Business Council, and the

International Sustainability & Carbon Certification (ISCC). It can be

assumed that ACX will be the exchange on which GREEN+ carbon credits will

be traded due to its partnerships with GREEN+’s credit certifier and

registry.<br><br>

Both Cercarbono and EcoRegistry were also recently integrated into

Xpansiv, which “operates the leading multi-registry, multi-asset

environmental portfolio management system and market data service” as

well as

<a href="https://xpansiv.com/xpansiv-to-license-key-intellectual-property/">

CBL</a>, the “largest spot exchange for environmental commodities,

including carbon credits and renewable energy certificates.” Xpansiv is

backed by Blackstone, which poured

<a href="https://xpansiv.com/blackstone-announces-400-million-investment-in-xpansiv/">

$400 million</a> into the company, with other investors including British

Petroleum (BP) Ventures, Bank of America and Goldman Sachs. Xpansiv’s CBL

<a href="https://xpansiv.com/geo/">has partnered</a>

<a href="https://xpansiv.com/n-geo/">extensively</a> with CME (Chicago

Mercantile Exchange) Group, which is one of the world’s main derivatives

exchanges, and together they have produced several futures contracts on

carbon markets.<br><br>

Cercarbono and EcoRegistry also both share an affiliation with the

International Emissions Trading Association, or IETA. Founded in 1999

<a href="https://unctad.org/press-material/international-emissions-trading-association-established-unctads-help">

under the auspices of the UN</a>, IETA “is dedicated to the establishment

of linked trading systems to ensure efficient and competitive GHG

[greenhouse gas] markets.” Its inaugural members included the titans of

the oil and manufacturing industries.

<a href="https://www.ieta.org/memberships/#members">Current members</a>

include AngloAmerican mining, Saudi Aramco, Bank of America,

Bayer/Monsanto, Cargill, Chevron, Citi Group, Dow Chemical, ExxonMobil,

Goldman Sachs, Koch Industries, PetroChina and the

<a href="https://www.thejc.com/news/world/billionaire-trader-who-funded-mossad-buried-in-israel-1.46339">

Mossad-linked</a> commodities company Glencore. Another company that is a

member of IETA is StoneX, which is partnered with the aforementioned

exchange ACX and is sponsoring the launch of GREEN+ satellites in Miami

later this month. IETA is also

<a href="https://www.businesswire.com/news/home/20221206005837/en/IETA-and-Founding-Partners-Announce-the-Launch-of-Climate-Action-Data-Trust">

part of</a> the aforementioned Climate Action Data Trust, along with

EcoRegistry, the World Bank and others.<br><br>

IETA is also <a href="https://www.ieta.org/initiatives/icroa/">notably

behind</a> the ICROA accreditation program, which Cercarbono and most

other carbon credit certification standards of note have received. These

include the world’s leading carbon credit certifier Verra, which was

recently embroiled in

<a href="https://www.theguardian.com/environment/2023/jan/18/revealed-forest-carbon-offsets-biggest-provider-worthless-verra-aoe">

a major scandal</a> when it was revealed that 90% of their most common

category of carbon credits were “worthless” despite being ICROA (and

IETA) approved.<br><br>

<br>

<h2><b>SATELLOGIC – OBSERVATION IS PRESERVATION</b></h2>As the digital

carbon credit industry grows into a multi-trillion dollar market upheld

by smart contracts on a distributed ledger, so too does the need for

participants to access metric-specific data to insure the eventual pay

outs of green bonds. For example, the company Atos, best known for its

<a href="https://olympics.com/ioc/partners/atos">Olympic Games IT

partnership</a> since 1989, raised $916 million in sustainability-linked

bonds at the end of 2021. According to

<a href="https://atos.net/en/2021/press-release_2021_11_04/sustainability-linked-bond">

a press release in November 2021</a>, the bonds were issued with “an

eight-year maturity and one percent coupon,” with a clause that the

annual interest rate paid during the “last three years will be unchanged

if the company reduces its annual GreenHouse Gas CO2 emissions (Scopes 1,

2 & 3) by 50 percent in 2025 compared to 2019.” While these

particular bonds were not authored using a blockchain, there remains the

now-sudden economic incentive – a one percent coupon on nearly $1 billion

– to deliver

<a href="https://www.techuk.org/resource/guest-blog-how-satellite-imagery-can-support-a-net-zero-transition.html">

verifiable real world data</a> to the participants, the state of which

determines the eventual payout. These bonds were issued with BNP Paribas,

Deutsche Bank, and J.P. Morgan acting as Global Coordinators and with

Joint Bookrunners such as HSBC, Morgan Stanley, Banco Santander, Bank of

America Securities, and Wells Fargo Securities, among others, with

Rothschild & Co “acting as financial advisor to Atos SE.” An

<a href="https://www.datacenterdynamics.com/en/news/atos-raises-800-million-in-sustainability-linked-bonds/">

article from Data Center Dynamic</a>s on the raise makes note of the

common trend of “sustainability-linked financing” among data center and

communication firms, referencing how

<a href="https://www.datacenterdynamics.com/en/news/ntt-announces-27-billion-green-bond-to-support-carbon-neutral-goals/">

NTT</a>, <a href="http://aligned/">Aligned</a>,

<a href="https://www.datacenterdynamics.com/en/news/airtrunk-converts-1545bn-financing-into-sustainability-linked-loans/">

Airtrunk</a>,

<a href="https://www.datacenterdynamics.com/en/news/kpn-concludes-1-billion-sustainability-linked-loan/">

KPN</a>,

<a href="https://www.datacenterdynamics.com/en/news/baidu-announces-1-billion-esg-bond-offering/">

Baidu</a>, and

<a href="https://www.datacenterdynamics.com/en/news/nabiax-ties-320-million-financing-to-esg-targets/">

Nabiax</a> all raised “funds or converted existing debt to include

interest rates tied to sustainability and ESG goals” within the last

year.<br><br>

When the eventual payout of billions of dollars in cleverly-authored

green bonds comes down to accurate measurements of carbon molecule

density over a vast land mass, such as a South American rainforest, the

market for reliable data service providers has quite literally left the

atmosphere. As the debt instruments of the private sector evolve

alongside the proliferation of blockchain technology, the data that makes

these smart contracts execute to eventually settle the issued bond no

longer goes to a human arbitrator, but rather a consciousness-free

protocol that reduces a pair of potential outcomes to a single output. In

the case of a sustainability-linked green bond, if the carbon emissions

of a business are not empirically reduced beyond a relative metric at a

certain time – both data points of which are determined at the issuance

of the smart contract and thus willingly agreed-upon by both parties –

the coupon on the bond is not paid out. With the carbon credit market

presenting itself as one of the preferred debt instruments of the modern

era, the aforementioned Satellogic – an intelligence-linked company

focused on privatizing the data from satellite surveillance with an

advisory board full of key players in the digital debt system – finds

itself ready to act as a crucial pillar of the encroaching new financial

system.<br><br>

Satellogic was co-founded in 2010 by

<a href="https://investors.satellogic.com/management/emiliano-kargieman">

Emiliano Kargieman</a>, its current CEO, and

<a href="https://investors.satellogic.com/management/gerardo-richarte">

Gerardo Richarte</a>, its current CTO, after spending “some time” at the

NASA Ames Campus in Mountain View, CA. According to press releases on

<a href="https://satellogic.com/news/press-releases/satellogic-elects-tom-killalea-to-its-board-of-directors/">

their website</a>, Satellogic is “the first vertically integrated

geospatial company” that is building “the first scalable, fully automated

EO [Earth Observation] platform” with capabilities to “remap the entire

planet at both high-frequency and high-resolution” in order to generate

“accessible and affordable solutions for customers.” Their listed mission

is “to democratize access to geospatial data through its information

platform of high-resolution images and analytics” to help solve the

world’s most pressing problems” of which they list “climate change,

energy supply, and food security.” Other Satellogic documentation reveals

that by “democratize,” they mean expand satellite surveillance from the

public sector (i.e. governments and security agencies) into the private

sector. Due to their “patented Earth imaging technology,” Satellogic

“unlocks the power of EO” to deliver “high-quality, planetary insights”

at “the lowest cost in the industry.”<br><br>

Both Kargieman and Richarte previously worked for

<a href="https://en.wikipedia.org/wiki/Core_Security_Technologies">Core

Security Technologies</a>, which Kargieman co-founded, with clients such

as Apple, Cisco, Homeland Security, NSA, NASA, Lockheed Martin, and

DARPA. In 1998, Core Security was recognized as an “Endeavor

Entrepreneur” by the Endeavor Foundation and in 2002, Morgan Stanley

invested $1.5 million into Core Security, with the bank gaining a seat on

the board. The company was also funded by Bank of America in its

<a href="https://www.crunchbase.com/organization/courion-corporation/company_financials/investors">

Series A</a>. Kargieman later founded Aconcagua Ventures in a joint

venture with Craig Cogut’s Pegasus Capital, and served as a Member of the

Special Projects Group at the World Bank. As previously noted, Cogut’s

Pegasus Capital is also a main funder of CC35. Another Core Security

Technologies employee that migrated to Satellogic with Kargeiman and

Richarte is

<a href="https://investors.satellogic.com/management/aviv-cohen">Aviv

Cohen</a>, a former Israeli intelligence officer who is now Satellogic’s

head of “special projects.”<br><br>

Satellogic’s

<a href="https://www.crunchbase.com/funding_round/satellogic-seed--009729ec">

seed round raise</a> was funded by Ariel Arrieta and NXTP Ventures,

Starlight Ventures – which Kargieman advises – and Santiago Pinto

Escalier of Endeavor. As stated earlier in this article, NXTP is a funder

of GREEN+ member Rootstock as well as the tokenization firm created by

Rootstock’s co-founder, Koibanx. Chinese tech giant Tencent, which owns a

significant stake in Elon Musk’s Tesla, invested in Satellogic’s

<a href="https://www.crunchbase.com/funding_round/satellogic-series-a--ffe85943">

Series A</a> as did Endeavor Catalyst, which is run by LinkedIn/PayPal’s

Reid Hoffman, and Valor Capital. Valor Capital, whose partners include

<a href="https://valorcapitalgroup.com/team/amb-clifford-sobel/">figures

tied</a> to US military and intelligence activities in Latin America as

well as <a href="https://valorcapitalgroup.com/team/bruno-batavia/">CBDC

development</a> on the continent, invested in Satellogic’s Series B,

again joined by Tencent, with the Inter-American Development Bank

(mentioned more than once in this article) joining in the company’s

Series C funding round.<br><br>

In July 2021, Satellogic

<a href="https://techcrunch.com/2021/07/06/satellite-imagery-startup-satellogic-to-go-public-via-spac-valuing-the-company-at-850m/">

went public</a> with a $1.1 billion valuation through a “merger with

Cantor Fitzgerald’s CF Acquisition Corp. V,” with J.P. Morgan serving as

the “exclusive financial advisor to Satellogic,” with a “concurrent PIPE

offering of $100 million led by SoftBank’s SBLA Advisers Corp” alongside

Cantor Fitzgerald and “other top-tier institutional investors,” including

former US Secretary of the Treasury Steven Mnuchin’s Liberty Strategic

Capital. Mnuchin’s recently created venture capital firm, along with

Softbank, are

<a href="https://www.crunchbase.com/organization/cybereason/company_financials/investors">

major investors</a> in Cybereason, a controversial company tied to

Israeli intelligence that

<a href="https://unlimitedhangout.com/cybereason/">previously

simulated</a> the hacking of US critical infrastructure in order to

cancel a US presidential election and spur the declaration of martial

law. Mnuchin’s firm also includes

<a href="https://www.nytimes.com/2021/09/20/us/politics/mnuchin-saudi-private-equity.html">

Trump’s ambassador to Israel</a>, David Friedman, and previously

<a href="https://www.timesofisrael.com/mossad-head-could-join-mnuchin-fund-possibly-violating-waiting-period-report/">

attempted to recruit</a> former Mossad director Yossi Cohen, who instead

went on to join Softbank. Joseph Dunford, former Chairman of the Joint

Chiefs of Staff under Trump who is now senior managing director of

Mnuchin’s firm, is on the

<a href="https://www.cybereason.com/press/cybereason-secures-275-million-in-crossover-financing-to-extend-global-leadership-in-xdr">

advisory board</a> of Cybereason while Mnuchin is on its board of

directors. Both Mnuchin and Dunford simultaneously sit on the board of

Satellogic and Mnuchin is Satellogic’s chairman.<br><br>

Satellogic’s board also includes Howard Lutnick, longtime head of Cantor

Fitzgerald (as well as Jeffrey Epstein’s

<a href="https://www.crainsnewyork.com/real-estate/unraveling-web-jeffrey-epsteins-manhattan-real-estate">

neighbor</a> and a major

<a href="https://nypost.com/2015/11/17/clinton-fundraiser-held-next-door-to-jeffrey-epsteins-house/">

Clinton donor</a>);

<a href="https://investors.satellogic.com/board-member/marcos-galperin">

Marcos Galperin</a>, the founder and CEO of MercadoLibre who is closely

associated with Endeavor, a Satellogic funder; Former Facebook and

Twitter lawyer turned venture capitalist

<a href="https://investors.satellogic.com/board-member/ted-wang">Ted

Wang</a>;

<a href="https://investors.satellogic.com/board-member/tom-killalea">Tom

Killalea</a>, former Chief Information Security Officer and Vice

President of Security for Amazon who is also on the board of Capital One;

and

<a href="https://investors.satellogic.com/board-member/miguel-gutierrez">

Miguel Gutiérrez</a>, a Partner and a Co Chief Investment Officer at The

Rohatyn Group. Gutiérrez

<a href="https://therohatyngroupwebsite.webflow.io/team/miguel-gutierrez">

previ</a>

<a href="https://therohatyngroupwebsite.webflow.io/team/miguel-gutierrez">

o</a>

<a href="https://therohatyngroupwebsite.webflow.io/team/miguel-gutierrez">

usly worked</a> with Nicholas Rohatyn at J.P. Morgan, where Rohatyn

positioned the bank to become a leader in taking ownership of distressed

government debt in the 1980s and 1990s, with a focus on Latin America.

Gutiérrez was involved with J.P. Morgan’s debt markets in Argentina,

before becoming its head of Latin America Emerging Markets and later head

of Global Emerging Market Sales.<br><br>

The

<a href="https://satellogic.com/news/press-releases/satellogic-a-leader-in-satellite-earth-imagery-to-go-public-through-merger-with-cantor-fitzgeralds-cf-acquisition-corp-v/">

press release</a> about Satellogic’s SPAC paints a clear picture of the

hefty value proposition behind the public offering, which boasts that

Satellogic is the “proven leader in Earth Observation” with “17

commercial satellites” currently in orbit, more than “the next four Earth

Observation companies combined.” The satellite company’s vertical product

stack offers “enhanced analytics capabilities” with “commercial,

sustainability, and government applications” by providing a “live

catalog” daily of “every square meter of Earth,” providing “vital

information to power the conversation around global challenges” such as

“climate change, water and energy use, and food supply.”<br><br>

In the SPAC press release, Cantor’s Howard Lutnick stated that

“Satellogic is uniquely positioned to dominate the Earth Observation

industry. Its technology, data, and analytics have vast use cases across

countless industries.” Kargieman echoed these remarks: “We think this is

a winner takes most or winner takes all market. This is a supply limited

market – governments just can’t get enough data today; there’s not enough

satellites out there.”<br><br>

This is also true for the private sector. Satellogic showed CNBC a

then-current investor deck which exemplified the true economic potential

of dominating “the Earth Observation industry.” Kargieman noted that the

company had completed “a pilot program” with “a major oil and gas

corporation,” in which the company required surveillance data for “about

1,800 miles of pipeline every other week.” Doing this visual audit with

airplanes “cost about $750 per mile,” whereas Satellogic “demonstrated

similar detection capabilities” for less than $60 per mile. While

Satellogic failed to clear $0 of revenue in 2020, the company was

expecting to see that “tick up” due to new contracts that began

generating revenue in the spring of 2021. According to an investor slide

deck, the company had a backlog of about $38 million in signed contracts

around when they went public, but was predicting “$800 million in

opportunities over the next two years.”<br><br>

In their

<a href="https://stockhouse.com/news/press-releases/2023/04/27/satellogic-reports-full-year-2022-financial-results-and-provides-business-update">

full year 2022 financial results update</a>, Satellogic CEO Kargieman

tallied “34 satellites in orbit” making “the largest commercial fleet of

sub-meter resolution satellites” and thus “well positioned to capitalize

on the growing demand for Earth Observation data and satellites.”

Kargieman claimed their revenue grew “42% year-over-year” due in large

part to their “Asset Monitoring” and “Constellation-as-a-Service”

businesses. Satellogic’s new Space Systems, or satellite sales business,

“creates a satellite purchase program that aims to lower the financial

barrier to Earth Observation spacecraft ownership” according to CFO Rick

Dunn. “Space Systems is designed to offer governments asset ownership to

enhance national geospatial intelligence (GEOINT) with global tasking

autonomy… Going forward, revenue will be driven by our continued growth

in Asset Monitoring.”<br><br>

Luciano Giesso, Sales Director for Satellogic has stated that Latin

America is “an area of focus for us.” He explained a current trend of

Latin America being “increasingly focused on space technologies” in order

to “create new infrastructures” that “unlock the benefits of satellite

data” throughout multiple industries. The press release states

Satellogic’s position is informed by their view that “countries

unequipped with their own satellites” are thus “limited in their ability”

to meaningfully “capture data about their policy implementation and

infrastructure.” Satellogic’s Dedicated Satellite Constellation Program

is specifically marketed as a product for “strategic national interests”

allowing “governments of all sizes” to create “unique earth-observation

programs” to “support key decisions and manage policy impact, measure

investment and socio-economic progress, and foster collaboration, data

and information sharing, and innovation.”<br><br>

The stated mission of Satellogic is to privatize and monopolize Earth

Observation in the form of satellite surveillance sold as a service to

both the public and private sectors. Palantir,

<a href="https://web.archive.org/web/20140516035733/http://www.mausstrategicconsulting.com/1/post/2014/04/a-pretty-complete-history-of-palantir.html">

a private sector intelligence firm</a> led by PayPal founder Peter Thiel

and created with

<a href="https://www.forbes.com/sites/andygreenberg/2013/08/14/agent-of-intelligence-how-a-deviant-philosopher-built-palantir-a-cia-funded-data-mining-juggernaut/?sh=20d1118e7785">

CIA funds</a> to replace a controversial

<a href="https://unlimitedhangout.com/2021/04/investigative-reports/the-military-origins-of-facebook/">

DARPA mass surveillance and data-mining program</a>, committed to a

<a href="https://satellogic.com/news/press-releases/satellogic-announces-strategic-partnership-with-palantir-technologies/">

five year strategic partnership</a> wth Satellogic. Satellogic’s

partnership with Palantir enables its “government and commercial

customers”, which include

<a href="http://pdf.secdatabase.com/2980/9999999997-06-049166.pdf.">the

CIA</a> and

<a href="http://www.forbes.com/sites/andygreenberg/2013/08/14/agent-of-intelligence-how-a-deviant-philosopher-built-palantir-a-cia-funded-data-mining-juggernaut/">

J.P. Morgan,</a> access to Satellogic’s Aleph platform APIs to feed raw

satellite imagery to Palantir’s MetaConstellation and Edge AI. This

partnership builds on a previous collaboration between Satellogic and

Palantir to “field unique AI capabilities to the orbital edge,” including

“live upgrades to the satellite’s onboard AI” that enables “an

ultra-low-latency maritime use-case.” Palantir and Satellogic customers,

which include the

<a href="https://www.bloomberg.com/news/articles/2022-04-04/palantir-satellite-with-satellogic-puts-data-software-in-space">

Pentagon’s Space Systems Command</a>,

<a href="https://satellogic.com/news/press-releases/satellogic-launches-4-additional-satellites-on-spacex-falcon-9-rocket/">

Space Force</a>,

<a href="https://www.businesswire.com/news/home/20210630006018/en/Satellogic-Launches-4-Additional-Satellites-on-SpaceX-Falcon-9-Rocket">

SpaceX</a>, the government of

<a href="https://www.business-standard.com/india-news/india-s-first-spy-satellite-made-by-domestic-private-player-set-for-launch-124021900173_1.html">

India</a>, and others, will soon have access to the Edge AI platform

running on Satellogic satellites “to offer customers tailored AI

insights” which is expected to increase Satellogic’s business of “data

products, streamline pipeline management, and further scale customer

delivery required for weekly and daily world remaps.”<br><br>

“The holistic capabilities of Palantir’s Foundry will be instrumental in

helping Satellogic realize our mission to improve life on Earth through

geospatial data,” commented Matthew Tirman, President of Satellogic North

America. Tirman later made note that within this agreement, Satellogic

will provide “Palantir’s US government customers” with access to

“high-resolution satellite imagery” which will “drive analytical insights

across a range of mission-oriented use cases.” Other notable

private-public sector partnerships of Satellogic include the

<a href="https://www.mapeos.endeavor.org.ar/skyloom">Endeavor-funded</a>

<a href="https://www.businesswire.com/news/home/20230915295300/en/Skyloom-and-Satellogic-Sign-Agreement-for-Multipath-Optical-Comms-Data-Transmission">

SkyLoom</a>, which in late 2021

<a href="https://spacenews.com/honeywell-and-skyloom-to-produce-laser-crosslinks-for-military-and-commercial-satellites/">

partnered with Honeywell</a> to “produce laser crosslinks” for both

commercial and military satellites, including for the Pentagon’s Space

Development Agency, as well as with

<a href="https://www.theatlantic.com/technology/archive/2014/07/the-details-about-the-cias-deal-with-amazon/374632/">

CIA contractor</a>

<a href="https://spacenews.com/earth-observation-company-satellogic-expands-partnership-with-amazon-web-services/">

Amazon Web Services</a>, to facilitate the “50 gigabytes of data per day”

per satellite, which “beams to Earth with the help of the Amazon.com Inc.

unit’s AWS Ground Station service.”<br><br>

While it is surely a profitable venture, what Satellogic truly enables is

venture capital access to high resolution data of every single square

meter on Earth. Space surveillance as a service allows the operators

themselves to fill up on up-to-date information of the world’s industry,

energy use, transportation, commodity storage, and asset consumption –

information that could influence a firm’s decision while playing in the

private markets. It could also be used by the public-private partnership

engineering global technocratic policies that seek to limit consumption,

industrialization and energy use by the public and enforce them via

space.<br><br>

Outside of this metric-driven advantage, the aforementioned transition to

a universal ledger upholding and settling the majority of financial

(including purely speculative) activity will require obscene amounts of

data. If the private sector’s so-called commodity-backed, Real World

Asset tokens are to take off in any meaningful way, highly reliable

satellite imagery will be needed to uphold billions of dollars of value.

Any push towards smart contract-derived money representing tangible

objects will demand exactly the data Satellogic intends to not only

supply but sell as a service – to any firm, or government.<br><br>

<br>

<h2><b>BLOCKCHAIN – THE NEW ENABLING ENVIRONMENT</b></h2>The idea of

green finance, in which private firms utilize data and physical elements

from the real world to create novel economic instruments such as bonds

based on carbon emissions, necessitates government-upheld agreements and

eventual court-based litigation as the ability to find consensus, thus

acting as the enabling environment, for the settlement of large values of

securities between the public and private sector. Regulation and

contractual agreements between governments and their commercial sector

partners require not just the literal letter of the law, but vetted

insurance brokers, data firms, legislative bureaucrats, and various other

accredited lawyers to dictate the grounds in which business can be

legally conducted. The private-public partnership has become continually

blurred by the relaxing of regulation restricting how corporations can

influence current and aspiring politicians via campaign fundraising. In

turn, this group of purchased public sector employees must repay the

corporations responsible for their successful attempts at gaining office,

leading to the push for further dissolution of certain laws that

prevented their donors from gaining footholds within a once-regulated

market. No longer is the public sector primarily beholden to their

constituents, but rather their corporate donors.<br><br>

This ongoing dynamic has led to a runaway feedback of legal corruption

and conspiracy between these ostensibly delineated sectors. The net

result of the public-private partnerships that upholds the CC35, Green+

and Satellogic collaborations is due to the calculated focus on regional

governments, thus finding their enabling environment through pacts and

treaties at the subnational level.<br><br>

Once larger regulatory “fish are fried,” the fight for further

interoperability of digital assets (such as dollar instruments) moves

down to the regional governments of the Global South. For example,

<a href="https://occ.treas.gov/news-issuances/news-releases/2020/nr-occ-2020-125.html">

the regulation</a> allowing US banks to custody digital assets and

stablecoins was put forth by former OneWest official and Coinbase VP

Brian Brooks while he served as comptroller of the currency under Mnuchin

in the Trump administration. Once world governments, local and national,

are forced onboard the universal ledger, the enabling environment will

trend towards the ledger itself – a product of the private sector – and

further out of the hands of the public sector.<br><br>

This capturing of the commons by the private sector via a revolving door

of public-then-private operators has been done before, such as during the

Plaza Accord, the creation of Brady Bonds, the dissolution of

Glass-Steagall, the demolition of Enron, the 2008 financial crisis, and

the COVID-19 fiscal response. The intended future of blockchain – now

that US regulators have embraced Bitcoin as an asset and universal ledger

– is to serve as the new enabling environment, complete with its very own

digital dollar instruments, most likely backed by US government

debt.<br><br>

There are very few people in the world more responsible for the

digitization of the dollar than Steve Mnuchin and Howie Lutnick – the

former’s VC firm now consists of

<a href="https://news.bloomberglaw.com/business-and-practice/mnuchin-private-equity-firm-loads-up-on-former-treasury-lawyers">

several members</a> from his stint at the Treasury, while the latter’s

firm Cantor Fitzgerald holds the securities for Tether, the world’s

largest dollar-denominated stablecoin that recently crossed $100 billion

issued – and here they are partnering with the richest man in Argentina

and the founder of the largest online marketplace (as well as crypto

marketplace) in Latin America, Marcos Galperin.<br><br>

The network of firms associated with Galperin’s MercadoLibre – Xapo,

Paxos, Circle, Visa, among others – is rife with board members and

venture capital from the “PayPal Mafia,” as well as the Argentine advisor

group Endeavor. These powerful organizations, successors to groups like

ADELA that spurred the creation of the Club of Rome and chose the winners

of Latin America’s corporate landscape, have made it clear that they

foresee this fundamental market transition. They have quietly positioned

themselves to dominate the main pillars of the new financial system in

Latin America and the world at large: regulated banking services, global

marketplaces, payment processing, digital asset infrastructure, and

capital creation monopolies. As we will see, this financial system is not

about “inclusion” or “sustainability” as professed, but about using and

deepening Latin America’s debt burden to force policy changes while

enforcing foreign control over the region’s economic activity and

governance, all under the watchful “eyes” of US intelligence-linked

satellites.<br><br>

To Be Continued.<br><br>

<br><br>

</i><img src="cid:.1" width=1073 height=591 alt="[]"></i><br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

</body>

</html>