Enron-Type Accounting Used to Calculate "Carbon Offsets"

authordefault
on

The carbon offset industry is using the same sort of โ€˜future 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.

Related Posts

Analysis
on

With Meta's new Manhattan-sized project slated for the state, lawmakers are pushing new restrictions on artificial intelligence even as the Trump administration threatens to withhold broadband funding in response.

With Meta's new Manhattan-sized project slated for the state, lawmakers are pushing new restrictions on artificial intelligence even as the Trump administration threatens to withhold broadband funding in response.

Campaigners say the CAP system favours large landowners and is โ€œfuelling autocratic regimesโ€.

Campaigners say the CAP system favours large landowners and is โ€œfuelling autocratic regimesโ€.
on

The Green Party has accused Farage of being โ€œfocused on personal gain and public divisionโ€.

The Green Party has accused Farage of being โ€œfocused on personal gain and public divisionโ€.
Analysis
on

Is the mask finally coming off the long-delayed Pathways Alliance CCS Project?

Is the mask finally coming off the long-delayed Pathways Alliance CCS Project?