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> Curious if you could elaborate? The vast majority of carbon credits issued are fraudulent: > Revealed: more than 90% of rainforest carbon offsets by biggest
by dns_snek 2y ago
> Curious if you could elaborate?
The vast majority of carbon credits issued are fraudulent:
> Revealed: more than 90% of rainforest carbon offsets by biggest certifier are worthless, analysis shows
https://www.theguardian.com/environment/2023/jan/18/revealed-forest-carbon-offsets-biggest-provider-worthless-verra-aoe https://www.theguardian.com/environment/2023/jan/18/revealed...
> A Shell-operated plant reported millions of carbon credits tied to CO₂ removal that never took place but were used by Canada’s largest oil sands companies
https://archive.is/xH4NE https://archive.is/xH4NE
https://www.ft.com/content/93938a1b-dc36-4ea6-9308-170189be0cb0 https://www.ft.com/content/93938a1b-dc36-4ea6-9308-170189be0...
- bumby 2y agoThat seems to point to a problem with administration than the mechanism itself. It's like pointing to the fraud surrounding PPP loans and concluding the government shouldn't provide assistance in an emergency.