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.
Oil companies are once again asking the high court to intervene in climate deception lawsuits across the U.S. โ part of an all-hands-on-deck effort by Big Oil and the Trump administration to shut the cases down.
The educational materials distort how fossil fuel pollution has caused the climate emergency, new report finds.
U.S. fossil fuel majors led efforts to ensure corporations would not have to introduce climate action plans.
By tying the projectโs fate to Indigenous โequity,โ Carney saddles groups with the blame, and potentially the bill, if they move to stop a pipeline they oppose.
