The Clean Development Mechanism (CDM), which is supposed to offset greenhouse gases emitted in the developed world by selling carbon credits from elsewhere, has been contaminated by gross incompetence, rule-breaking and possible fraud by companies in the developing world, according to UN paperwork, an unpublished expert report and alarming feedback from projects on the ground.
Major oil and gas companies including Shell, BP, and ExxonMobil have pledged huge sums in the form of research agreements, scholarships and more.
Calcasieu Pass’s unusually long testing phase allows the facility to emit more toxins while making huge earnings.
Speaking at the Conservative Party conference, Alexander Stafford said that his interest in hydrogen stemmed from his past work at the fossil fuel giant.
The technology could provide cover for fossil fuel companies to explore more oil and gas drilling, campaigners say.
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