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.
First Nations are furious, environmentalists feel betrayed, oil companies are demanding more, and the clock is ticking.
The Mailโs events business in the Middle East provides a quarter of its revenue. A previous Telegraph bid was rejected over petrostate influence fears.
โIโve never seen anything like this,โ longtime denier Marc Morano said recently of Democrats, billionaires, activists and reporters going โsilentโ on the issue.
In exclusive interview with DeSmog, Haisla leader explains that an oil โspill on our waterway would be catastrophic.โ
