Shell plant reported millions of ‘phantom’ carbon credits

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, raising new doubts about…Continue readingShell plant reported millions of ‘phantom’ carbon credits

UAE’s Mubadala Capital likely to invest $13.5bn in biofuels project in Brazil

Mubadala Capital, a fully owned asset management arm of UAE’s sovereign wealth fund Mubadala Investment, is reportedly planning to invest approximately $13.5bn in a biofuels project in Brazil over…Continue readingUAE’s Mubadala Capital likely to invest $13.5bn in biofuels project in Brazil

Microsoft ramps up plans to capture carbon from burning wood

Microsoft is doubling down on a controversial plan to capture carbon dioxide emissions from wood-burning power plants. It announced a contract with energy company Stockholm Exergi to capture 3.33…Continue readingMicrosoft ramps up plans to capture carbon from burning wood

Australia’s carbon credits system a failure on global scale

Australia’s main carbon offsets method is a failure on a global scale and doing little if anything to help address the climate crisis. Research by 11 academics found the…Continue readingAustralia’s carbon credits system a failure on global scale

Controversial carbon credits flood COP28, yet still no rules

The COP28 climate talks have been flooded with announcements hyping controversial carbon credits before rules for them have been hammered out, with environmental groups fearing “greenwashing” on a massive…Continue readingControversial carbon credits flood COP28, yet still no rules

Is planting trees to combat climate change ‘complete nonsense’?

Bill Gates is emphatic: “I don’t plant trees,” he declared recently, wading into a debate about whether mass tree planting is really much use in fighting climate change. The…Continue readingIs planting trees to combat climate change ‘complete nonsense’?

Wildfires turn Canada’s vast forests from carbon sink into super-emitter

The vast swaths of pine, spruce and larch forest that blanket much of Canada have been prized for generations. Not only do they provide a home to hundreds of…Continue readingWildfires turn Canada’s vast forests from carbon sink into super-emitter

Experts question whether carbon dioxide storage in farming soils helps the climate

Meeting the climate goals means we should not only significantly reduce greenhouse gas emissions but also sequester more CO2 in the soil. Research has taught us how to store…Continue readingExperts question whether carbon dioxide storage in farming soils helps the climate

In New Scramble for Africa, an Arab Sheikh Is Taking the Lead

A prominent sheikh in the oil-rich Gulf state hosting this year’s UN climate negotiations, COP28, is heading a new rush to capture and sell carbon credits by managing tens…Continue readingIn New Scramble for Africa, an Arab Sheikh Is Taking the Lead

Carbon credit speculators could lose billions as offsets deemed ‘worthless’

Many credits in the voluntary market going unused, with study finding some offsetting could make global heating worse Carbon credit speculators could lose billions as scientific evidence shows many…Continue readingCarbon credit speculators could lose billions as offsets deemed ‘worthless’

We are ‘greening’ ourselves to extinction

Apocalypse investors are pushing fake climate solutions on us that are making climate change worse.Continue readingWe are ‘greening’ ourselves to extinction

Revealed: more than 90% of rainforest carbon offsets by biggest provider are worthless, analysis shows

Investigation into Verra carbon standard finds most are ‘phantom credits’ and may worsen global heating.Continue readingRevealed: more than 90% of rainforest carbon offsets by biggest provider are worthless, analysis shows

Forests recovering from logging act as a source of carbon

Researchers found that unlogged forested areas are generally carbon neutral, but that moderately and heavily logged tropical forest areas are a carbon source. They estimate an average carbon source…Continue readingForests recovering from logging act as a source of carbon

Calls for tougher regulations as Queensland, Australia records highest rate of land clearing in country

Conservation groups warn not enough is being done to protect ecosystems as state government data shows more than 400,000ha of land was cleared in 2019-20.Continue readingCalls for tougher regulations as Queensland, Australia records highest rate of land clearing in country

Australia’s carbon offset scheme fraudulent

Claim by academics, including former integrity chair of Australia’s carbon credit scheme, raises further doubts about system. ‘The wild west approach needs to end,’ says climate scientist Bill Hare,…Continue readingAustralia’s carbon offset scheme fraudulent

Phantom Forests: Why Ambitious Tree Planting Projects Are Failing

Everybody likes trees. There is no anti-tree lobby. A global push to go beyond conservation of existing forests and start creating new ones goes back to 2011, when many…Continue readingPhantom Forests: Why Ambitious Tree Planting Projects Are Failing

Climate change driving unprecedented forest fire loss

Forest fires supercharged by climate change are burning twice as much global tree cover as 20 years ago. The equivalent of 16 football pitches are now lost every minute.…Continue readingClimate change driving unprecedented forest fire loss

Wildfires destroy almost all forest carbon offsets in 100-year reserve

Wildfires have depleted almost all of the carbon credits set aside in reserve by forestry projects in the US to protect against the risk of trees being damaged over…Continue readingWildfires destroy almost all forest carbon offsets in 100-year reserve