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.
Speakers at the event previously said "there is no climate crisis" and there is "lively debate" on climate science.
Far-right politicians from France, Germany, and other European nations and their U.S. allies celebrated their growing bonds and shared goals at a lavish party in New York City.
Emboldened by Trump’s LNG deregulation, industry CEOs brush off climate concerns as Gulf Coast residents warn new gas projects will further strain an already environmentally stressed region.
Report author Mark Cameron is at Bluesky Strategy Group, which boasts to clients “our team has the reach to get your story told” in Canadian media.
