Enron-Type Accounting Used to Calculate "Carbon Offsets"

onFeb 20, 2007 @ 08:05 PST

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.

By Ross Gelbspan

Seafood Industry Giants Failing to Tackle Pollution, New Study Finds

ByBrigitte Wear

onJul 1, 2026 @ 03:12 PDT

More farmed salmon will not necessarily bring better food security, say researchers.

Series: Spotlight on Industrial Aquaculture

uk/‘Detailed and Determined Scoop’: DeSmog Wins Association of British Science Writers’ Award

ByDeSmog

onJun 30, 2026 @ 04:10 PDT

DeSmog has won ‘News Item of the Year’ award from the Association of British Science Writers (ABSW), for its work exposing environmental harms in the UK. Clare Carlile received the prize ...