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.
Chris Wright, a former oil and gas executive, urged the UK to embrace fossil fuels at right-wing Alliance for Responsible Citizenship conference in London.
The addition of the Canadian Natural Resources Limited director expands fossil fuel representation on the board overseeing nearly $800 billion in retirement savings, as CPPIB faces scrutiny over its climate strategy.
Many Cannes Lions award winners have claimed credit for field work they didnโt do, positive impacts that canโt be confirmed, or campaigns that barely existed.
Parliamentarians are โlending legitimacyโ to a โtoxic allianceโ of attendees at the Alliance for Responsible Citizenship event, campaigners warn.
