#Shell sold millions of 'phantom' #CarbonCredits to Canadian oil sands firms - FT
"Shell sold millions of carbon credits tied to CO2 removal that never took place to #Canada's largest oil sands companies, Financial Times reported Sunday, raising new doubts about a technology seen as important in reducing greenhouse gas emissions."
"The draft cites cases where #CarbonCredits have failed to deliver the #climate benefits they tout.
Staff also reviewed evidence showing some schemes sell more carbon credits than the projects can deliver on, or exaggerate the emission reductions they achieve."
KLM Loses Dutch #Greenwashing Case on Climate Advertising
"#KLM makes climate claims in advertisements that are “based on vague and general statements about environmental benefits, thereby misleading consumers,” the district court of Amsterdam said in its judgment Wednesday. The carrier didn’t provide travelers with honest and concrete information, it said."
"European Union authorities have started action against 20 #airlines for misleading “#greenwashing” practices.
They said airlines needed to make clear to what extent claims that the CO2 emissions caused by a flight could be offset by climate projects or through the use of sustainable fuels can be substantiated based on sound scientific evidence."
The EU is cracking down on airlines' advertising that are misleading on:
– "#CarbonOffsets
– “sustainable aviation fuels” (SAF)
– the terms “green”, “sustainable” or “responsible”
– unverifiable "#NetZero" goals
– potentially misleading practices around the carbon emissions of specific flights
Airlines have 30 days to respond with their plans how to address this.
Rooftop solar is the future, but it's also a scam. It didn't have to be, but the US decided the best way to roll out distributed, resilient, renewable energy was to let Wall Street run the show. They turned it into a scam, and now it's in terrible trouble. which means we're in terrible trouble.
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
But we won't get there with markets. All markets will do is create incentives to cheat. Think of the market for "#CarbonOffsets," which were supposed to substitute markets for direct regulation, and which produced a fraud-riddled market for lemons that sells indulgences to our worst polluters, who go on destroying our planet and our future:
"It’s a compelling pitch: Any #emissions polluters can’t curb themselves can be outsourced to someone else.
The only problem is that #CarbonOffsets of all kinds are increasingly being outed as total bullshit."
This article sketches the wild west of carbon offsets, including this bit: "As of now, there are few protections against multiple parties staking a claim to the same credits."