The carbon offset industry is using the same sort of โfuture 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.
Ofgem has rejected calls for household energy debts to be paid off using excess profits.
Former fracking magnate Gwyn Morgan has funnelled millions to right-wing media and think tanks, a DeSmog analysis reveals.
Dan McTeague cultivates a media image as a consumer advocate while running a group urging people to fight against climate policies.
Industry groups warn of โsupply shocksโ as energy shortages grow, but critics say targeting the EUโs methane rule would lock in polluting U.S. fossil-fuel infrastructure at a dire cost to local and global communities.
