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.
Nigel Farageโs anti-climate party has received two thirds of its income from oil investors.
You might not have heard of them, but a new analysis shows these ad execs have overseen $1.5 billion worth of fossil fuel ads in the U.S. since the Paris Agreement.
DeSmog analysis reveals London-based WPP linked to twiceย as much oil advertising as American rivalsย despite its internal climate policy.
Gas turbine manufacturers are confident they will win the battle over whether Europeโs AI boom will be powered by fossil fuels.
