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Corporations invested in carbon offsets that were ‘likely junk’, analysis says (www.theguardian.com)

submitted 5 months ago by [email protected] to c/[email protected]

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Analysis of the carbon offset projects used by top corporations including Delta, Gucci and ExxonMobil raises concerns around their emission cuts claims

Some of the world’s most profitable – and most polluting corporations – have invested in carbon offset projects that have fundamental failings and are “probably junk”, suggesting industry claims about greenhouse gas reductions were likely overblown, according to new analysis.

Delta, Gucci, Volkswagen, ExxonMobil, Disney, easyJet, and Nestlé are among the major corporations to have purchased millions of carbon credits from climate friendly projects that are “likely junk” or worthless when it comes to offsetting their greenhouse gas emissions, according to a classification system developed by Corporate Accountability, a non-profit, transnational corporate watchdog

Some of these companies no longer use CO2 offsets amid mounting evidence that carbon trading do not lead to the claimed emissions cuts – and in some cases may even cause environmental and social harms.

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[–] [email protected] 5 points 5 months ago (1 children)

They had good salesmen at the start, and not enough market data to show they were bullshit, person in charge of paying wasn’t hired as an environmental officer but is just the niece back from cocaine rehab

[–] [email protected] 4 points 5 months ago

They ~~had good salesmen at the start~~ have lobbyists and donate to both parties

Fixed that for you

But part of the problem is Republican voters believe anything their politicians say and never hold them accountable, and too many Dem voters have been acting that way too.

If there's no pressure to do the right thing, politicians will do what gets them the most money.

When voters of neither party has any standards, the corpos will do whatever they want.

A cynic would say that happened decades ago.

I know it's been over a decade that I've been accused of all sorts of stuff for having more standards than the letter D next to someone's name.