Chevron’s carbon offsets are mostly ‘junk,’ according to global watchdog investigation

Wednesday, May 24, 2023 - 08:33 in Earth & Climate

Climate justice campaigners march from the Shell Centre to Trafalgar Square to demand urgent climate finance and reparations for loss and damage for global south communities on November, 12 2022 in London. The march was organized by the Climate Justice Coalition as part of a Global Day of Action called by African climate campaign groups at COP27. Mark Kerrison/In Pictures via Getty Images The already questionable $2 billion a year voluntary emissions offset market is facing even more scrutiny. An investigation by transnational corporate watchdog Corporate Accountability first reported in The Guardian found that carbon offsets from fossil fuel giant Chevron are mostly worthless—could also cause harm. The investigation found that the company relies on “junk” carbon offsets and “unviable” technologies. These actions do little to offset the company’s greenhouse gas...

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