Enron-Type Accounting Used to Calculate "Carbon Offsets"

authordefault
on

The carbon offset industry is using the same sort of โ€˜future 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.

Related Posts

on

Live tracker of the Reform leaderโ€™s personal income.

Live tracker of the Reform leaderโ€™s personal income.
on

A-third of the Reform leaderโ€™s income has come from overseas interests since he became an MP.

A-third of the Reform leaderโ€™s income has come from overseas interests since he became an MP.
on

At the Heartland Instituteโ€™s annual climate conference, fossil fuel allies warn MAHAโ€™s push on regulating chemicals and plastics could threaten the oil industry โ€” exposing a growing rift inside Trumpโ€™s base.

At the Heartland Instituteโ€™s annual climate conference, fossil fuel allies warn MAHAโ€™s push on regulating chemicals and plastics could threaten the oil industry โ€” exposing a growing rift inside Trumpโ€™s base.
on

Experts say mass-produced AI misinformation is the โ€œnew Cambridge Analytica scandalโ€.

Experts say mass-produced AI misinformation is the โ€œnew Cambridge Analytica scandalโ€.