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.
Victoria Hewson called the 2050 ambition a “huge own goal” while working for a Tufton Street think tank.
Ahead of a city council vote, Resource Works launched an influence campaign with stock submissions for restaurant owners, hospitality workers, and residents.
Ahead of the November 29 election, dairy producers tell Irish government to step off the “treadmill” of unsustainable milk production – and share a more holistic vision.
The head of the CO2 Coalition tells DeSmog that Wright agrees carbon dioxide is “not the demon molecule, it’s the miracle molecule.”
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