The carbon offset industry is using the same sort of โfuture value accountingโ that caused the collapse of energy giant Enron, according to a watchdog group.
When companies like Climate Care and the Carbon Neutral Company sell the public carbon offsets, carbon savings expected to be made in the future are counted as savings made in the present. This is the same technique used by Enron to inflate its profits with such disastrousย consequences.
Australiaโs Woodside approves $17.5 billion LNG project just days before Trump social services budget cuts, leaving locals facing โharsh economic reality.โ
Even as the mood at Edmontonโs annual expo turned cautious, industry still bet on public dollars to keep its net zero dream alive.
The U.S. private equity firm KKR contributed to the presidentโs swearing-in ceremony.
Despite widespread public support for clean energy and climate action, Nigel Farageโs party is running on an aggressively anti-net zero ticket.
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