Enron-Type Accounting Used to Calculate "Carbon Offsets"

authordefault
onFeb 20, 2007 @ 08:05 PST

The carbon offset industry is using the same sort of โ€˜future 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.

authordefault
Admin's short bio, lorem ipsum dolor sit amet consectetur adipisicing elit. Voluptate maxime officiis sed aliquam! Lorem ipsum dolor sit amet consectetur adipisicing elit.

Related Posts

Analysis
onNov 12, 2025 @ 12:15 PST

Our changing climate will produce winners and losers. Canada should look to the Global South for a winning strategy.

Our changing climate will produce winners and losers. Canada should look to the Global South for a winning strategy.
onNov 12, 2025 @ 08:10 PST

Jensen Huang gives "a shout-out for Secretary Chris Wright" as Nvidia and Trump administration partner on a massive AI buildout.

Jensen Huang gives "a shout-out for Secretary Chris Wright" as Nvidia and Trump administration partner on a massive AI buildout.
onNov 11, 2025 @ 06:27 PST

Register to watch on-the-ground coverageย from our team at theย COP30 climate talks in Belรฉm, Brazil.

Register to watch on-the-ground coverageย from our team at theย COP30 climate talks in Belรฉm, Brazil.
onNov 10, 2025 @ 13:42 PST

A summit billed as the last chance to revive global climate action faces unprecedented pressure from the food sectorโ€™s largest emitters.

A summit billed as the last chance to revive global climate action faces unprecedented pressure from the food sectorโ€™s largest emitters.