carboncredits
Shell has sold millions of ‘phantom’ carbon credits based on emissions savings that never happened, according to a new investigation. The fossil fuel giant made more than $200 million Canadian dollars (€135 million) selling the credits from its flagship carbon capture facility to Canada’s biggest oil sands companies. But a two-for-one deal struck with the Government of Alberta meant that Shell was selling credits for two tonnes of CO₂ for every one tonne that it actually captured. Greenpeace Canada’s new ‘Selling Hot Air’ report explains how this legal but climate-wrecking operation worked. He...
Euronews (English)
Matthew Walley's eyes sweep over the large forest that has sustained his Indigenous community in Liberia for generations. Even as the morning sun casts a golden hue over the canopy, a sense of unease lingers. Their use of the land is being threatened, and they have organised to resist the possibility of losing their livelihood. In the past year, the Liberian government has agreed to sell about 10 per cent of the West African country’s land - equivalent to 10,931 square kilometres - to Dubai-based company Blue Carbon to preserve forests that might otherwise be logged and used for farming, the p...
Euronews (English)
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