this post was submitted on 31 Aug 2023
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Europe's Biggest Oil Company Quietly Shelves a Radical Plan to Shrink Its Carbon Footprint - BNN Bloomberg (www.bnnbloomberg.ca)
submitted 1 year ago by [email protected] to c/[email protected]
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A faltering offsets program points to new problems with the corporate world’s favorite “climate solution.”

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[–] [email protected] 3 points 1 year ago* (last edited 1 year ago)

Sadly, the truth is that offsets are a bit rubbish and pretty scammy

Many investigations, including several by Bloomberg Green, have found that many offsets don’t deliver the environmental benefits they promise. Shell set out to solve that problem, with stringent requirements, deep pockets and more than a century of engineering expertise, and quickly learned that focusing on quality limited supply. It could have good offsets, or a lot of them, but not both.