The carbon offset industry is using the same sort of ‘future value accounting’ 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 disastrous consequences.
The celebrity investor pitched ‘Wonder Valley’ with no committed investors, no Indigenous partnership, and about 27 megatonnes of projected annual emissions.
City Council OKs private equity firm’s purchase of Entergy gas utility, undermining climate goals and jacking up prices for the city’s poorest.
With LNG export terminals already authorized to ship nearly half of U.S. natural gas abroad, DOE warns build-out would inflate utility bills nationwide.
We reflect on a year of agenda-setting stories that charted the political influence of fossil fuel interests in the UK and beyond.
Clearing the PR Pollution
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