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.
Residents, activists, and a state commissioner critiqued the deals, approved under the top oil regulator, who is stepping down following a DeSmog investigation.
The Reform leader is set to trigger a by-election in his seat.
The GB News co-ownerโs hedge fund has multiplied its oil and gas holdings.
Investor call transcripts show that gas companies see the data centre build-out as their next growth sector, even as the energy transition accelerates.
