Europe's Biggest Oil Company Quietly Shelves a Radical Plan to Shrink Its Carbon Footprint
www.bloomberg.com
A faltering offsets program points to new problems with the corporate world’s favorite “climate solution.”

Archive: [ https://archive.ph/G0ULZ ]

  • PowerCrazy@lemmy.ml
    ·
    10 months ago

    CO2 "offsets" have always been bullshit green washing. The only way to regulate emissions is by directly regulating emissions. Not coming up with elaborate loopholes.

    • ElHexo [comrade/them]
      ·
      10 months ago

      Hey, I purchased a palm oil farm in Gabon pristine African forest land, and without getting these carbon credits for not cutting it down, I'd cut it down every single year

  • FnordPrefect [comrade/them, he/him]
    ·
    10 months ago

    They made $40 billion in profit on oil and gas in 2022 and they can't even be arsed to spend 0.25% to pretend to be doing something to reduce the rate of their eco-cide doomer

  • auth@lemmy.ml
    ·
    10 months ago

    Is it even possible for a gas company to offset CO2 emissions? They would have to charge insane amounts

    • Infamousblt [any]
      ·
      10 months ago

      It's not possible for anyone to offset CO2 because that's just not how CO2 works. If its going into the air it doesn't matter how much money moves around in the background, it's still going into the air. Carbon offsets were never going to accomplish anything because physics don't work that way

      • auth@lemmy.ml
        ·
        10 months ago

        You could create a chemical reaction that transform it to carbon and O2?

        • radisson@sh.itjust.works
          ·
          10 months ago

          That's pretty much what a tree is. But then it dies and burns/decomposes and it goes back in the atmosphere. It's temporary storage.

        • Infamousblt [any]
          ·
          10 months ago

          I mean sure, but that's not what carbon offsets are doing

  • Alien Nathan Edward@lemm.ee
    ·
    10 months ago

    from june 2022 to june 2023 shell did $365 billion in revenue. the amount dedicated this effort is .027%. one dollar of every three thousand six hundred and fifty.

  • Altima NEO@lemmy.zip
    ·
    10 months ago

    Good because c02 emissions offsets are pretty much bullshit. I'd rather they do something productive for the environment with that money, than giving it to another snake oil salesman.

    • HornyOnMain
      ·
      10 months ago

      Narrator voice "they did not do something productive for the environment with that money"

  • SeaJ@lemm.ee
    ·
    10 months ago

    It was pretty obvious they would be doing this since they removed references to it a couple months ago.