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.

authordefault
Admin's short bio, lorem ipsum dolor sit amet consectetur adipisicing elit. Voluptate maxime officiis sed aliquam! Lorem ipsum dolor sit amet consectetur adipisicing elit.

Related Posts

on

Decision a blow to campaigners, who say the ads gave the Saudi Aramco unearned climate credibility.

Decision a blow to campaigners, who say the ads gave the Saudi Aramco unearned climate credibility.
on

Lawmakers warned that oil companies are using increasingly sophisticated messaging tactics to portray themselves as climate champions at the UK's first parliamentary debate on calls to ban adverti...
on

Labour's Jacob Collier warns parliamentary debate of "coordinated strategy" by oil companies to delay climate action.

Labour's Jacob Collier warns parliamentary debate of "coordinated strategy" by oil companies to delay climate action.
on

Critics fear that Equinorโ€™s latest UK education deal is aimed at quelling opposition to North Sea drilling.

Critics fear that Equinorโ€™s latest UK education deal is aimed at quelling opposition to North Sea drilling.