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.
The declaration coincides with U.S. fossil fuel companiesโ use of Trumpโs trade tensions and international discord to undermine EU climate laws.
Tory energy chief endorses debunked studies written by fossil fuel industry interests.
Nigel Farage and his colleagues have close ties to the autocratic petrostate.
The European Parliament has โa legal and moral obligation to reject these dangerous proposalsโ, according to Dutch Left MEP Anja Hazekamp.
