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

us/Ohio Denies Evidence of Fracking Waste in Drinking Water. Its Own Records Show Otherwise.

ByJustin Nobel

on Oct 30, 2026 @ 09:02 PDT

As more than a billion gallons of oil and gas wastewater flood beneath Ohio, pollution concerns reach its heated governor’s race.

President Trump Unveils EPA’s New Contradictory Methane Proposal at Campaign Rally

ByRachel Santarsiero

on Oct 30, 2026 @ 06:00 PDT

The agency is loosening methane rules while keeping its authority to regulate them. Critics say the stance leaves federal climate law in limbo, inviting a bigger rollback later.