DeSmog

Enron-Type Accounting Used to Calculate "Carbon Offsets"

authordefault
on

The carbon offset industry is using the same sort of ‘future value accounting’ 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 disastrous consequences.

Related Posts

Les responsables de campagne critiquent des programmes volontaires « fortement défectueux », tandis que l’analyse de DeSmog révèle l'absence de représentation de la société civile ou des communautés locales affectées par les dommages causés par l’industrie des farines et huiles de poisson.

Les responsables de campagne critiquent des programmes volontaires « fortement défectueux », tandis que l’analyse de DeSmog révèle l'absence de représentation de la société civile ou des communautés locales affectées par les dommages causés par l’industrie des farines et huiles de poisson.
on

Brazilian meat giant JBS invested just 0.03 percent of annual revenues into climate measures, researchers found.

Brazilian meat giant JBS invested just 0.03 percent of annual revenues into climate measures, researchers found.
on

Fossil fuel interests are deploying unprecedented strategies to hide evidence of companies’ deception and block liability lawsuits before they reach trial.

Fossil fuel interests are deploying unprecedented strategies to hide evidence of companies’ deception and block liability lawsuits before they reach trial.
on

Federal lawsuit alleges EPA’s rules on ethylene oxide and chloroprene emissions rely on weak industry estimates rather than real-world data on risks to health.

Federal lawsuit alleges EPA’s rules on ethylene oxide and chloroprene emissions rely on weak industry estimates rather than real-world data on risks to health.