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.
A new report shows global spending on carbon capture and hydrogen subsidies "failed to make a dent in carbon emissions" after 50 years of research and development.
The Tory leadership candidate has criticised the UK’s net zero targets while accepting donations from fossil fuel investors and climate denial funders.
A flagship climate scheme will cost taxpayers billions, with no guarantee of a meaningful impact on emissions.
Rupert Lowe has been campaigning against climate action while owning a heat pump supplier.
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