Companies are buying up cheap carbon offsets − data suggest it may be more about greenwashing than helping the climate
Companies are buying up cheap carbon offsets − data suggest it may be more about greenwashing than helping the climate
A deep dive into 866 public companies and 1,413 carbon projects reveals some twists in who relies on cheap offsets and who chooses to cut their own emissions instead.
If the carbon offset market is correctly implemented, then their intentions don’t matter because carbon offset is carbon offset.
The carbon offset market is full of bad actors and most carbon offsets are a scam. Since you don’t receive a tangible product or service when you buy an offset, there’s almost nothing stopping vendors from overstating how much carbon is being removed, selling the same offset multiple times, or a host of other ways to produce carbon offsets from thin air.
If you don’t believe me, I have
a bridgesome carbon offsets for sale.These articles have been coming out for years. So we've known, for years. Corporate virtue signaling is just more lies with zero repercussions. It's the government's job to rein in bad behavior. They just... haven't.
Surprised pikachu, companies don’t care about us. We have to build accountability and effectiveness into the system.