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The first sentence literally said this: >As part of Stripe’s environmental program, we fully offset our greenhouse gas emissions by purchasing verified carbon
by graeme 7y ago
The first sentence literally said this:
>As part of Stripe’s environmental program, we fully offset our greenhouse gas emissions by purchasing verified carbon offsets.
The sequestration is in addition to those offsets. They’re trying to advance sequestration technology by boosting demand. They’ll be offsetting and sequestering more than 100% of their emissions. The excess cost referred to sequestration, not offsets.
Government has done basically nothing for 30 years. I really, really want governments to take it seriously, tax carbon, etc. but I welcome private companies stepping in to try things too.
- abalone 7y agoNot sure who you're arguing with, as the post you're responding to literally only addresses sequestering. Offsets alone are not a solution to the urgent need to turn the tide on climate change. They offer an easy way for CO2 emitters to sort of greenwash what they're doing and keep doing it. "Private companies trying things" is fine but as we can see from the reactions to this press release that the standard for private companies trying things is incredibly low and nowhere near what's required to hit the IPCC targets. We agree on one thing though: government has not done nearly enough historically. Of course much worse could be said for industry, the primary source of CO2 emission (along with the military) and fundamentally incentivized to exploit externalized costs and pollute our planet.