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.
Itโs a massive subsidy to Equinor, the Norwegian oil company behind the Bay du Nord offshore oil project.
A new childrenโs book by a Chevron-backed clean energy venture paints a sympathetic portrait of coal, oil, and gas.
Fossil fuel interests and climate science deniers have been leading the charge for more drilling.
After months of protests โ and a rushed legal deadline โ officials deny Texas developerโs project as residents warn of pollution and impacts on wildlife, water, and power.
