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In order to make themselves look good so they'll be allowed to continue with Business As Usual, huge corporations try to project a public image of being "climate aware" and "green" and on track for "net zero" — but it's just a phony pose.
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Some of the world’s most profitable – and most polluting corporations – have invested in carbon offset projects that have fundamental failings and are “probably junk”, suggesting industry claims about greenhouse gas reductions were likely overblown, according to new analysis.
Delta, ExxonMobil, Disney, and Nestlé are among the major corporations to have purchased millions of carbon credits from climate friendly projects that are “likely junk” or worthless when it comes to offsetting their greenhouse gas emissions, according to a classification system developed by Corporate Accountability, a non-profit, transnational corporate watchdog.
The fossil fuel industry is by far the largest investor in the world’s most popular CO₂ offsetting schemes. At least 43% of the CO₂ credits purchased by the oil and gas majors are for projects that have at least one fundamental flaw and are “probably junk,” according to the analysis.
The transport industry, which accounts for about a fifth of all global planet-warming emissions, has also relied heavily on carbon offsetting projects to meet climate goals. Just over 42% of the total credits purchased by airlines and 38% purchased by automakers are likely worthless at reducing emissions, the analysis found.
“These findings add to the mounting evidence that peels back the greenwashed facade of the voluntary carbon market and lays bare the ways it dangerously distracts from the real, lasting action the world’s largest corporations and polluters need to be taking,” said Rachel Rose Jackson, Corporate Accountability’s director of research.
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FULL STORY -- https://www.theguardian.com/environment/article/2024/may/30/corporate-carbon-offsets-credits
@breadandcircuses Skeptical about the number of climate offsets that are are worthless.
To be honest, I think they're all worthless.
We need to decarbonize by 90% in a decade. Some plan that you can pay to emit CO2 as long as you have some other activity that supposedly consumes it, seems like an obvious loser to me.
@breadandcircuses Full disclosure: I feel compelled to add that I will be flying again for the first time in many years in October, though it will only be the one time. 
I am required to for work. A train exists but the track has been taken out by a landslide, and so only operates in one direction, and that with a long segment by bus.
This work thing only happens once a year, and by next year the track will be fixed, but it makes me sad to have to do this.
@TomSwirly @breadandcircuses The only way any of us survive this is if they cut it to almost zero AND go full on with carbon capture. Even that, even if they use nothing but renewables, just sourcing the materials in the first place may be too much.
We are quickly creating a Chinese finger trap made out of the essence of pure human stupidity.
I think it's already tilted so far that even if they planted like 100 billion trees, it still wouldn't matter.
The same companies that created this problem trying to make more pipelines to "fix" it need to be jailed before they cause more damage. We're out of time for games.
Like have y'all looked up the Pliocene? Does that just sound like fun?
Maybe they're on so much Special K they think Elon Musk is going to save them or something but I promise you he is not.
Tech Bros are burning even more energy than before, their product is an AI that can't tell me the nutritional value of a f****** potato.
They will not stop.
@B_Whitewind @breadandcircuses Agree 100%.
More, the whole "tree planting" thing is a hoax. It's not that trees don't spread on their own!
If there's an area without trees, the overwhelming likelihood is either that it isn't hospitable for trees, or that humans cut them down.
(Quibble: it's "Pleistocene".)
Planting one billionaire saves more emissions than planting a million trees! Musk for compost!!!
@TomSwirly @breadandcircuses I agree, 100%. They're all worthless. As for carbon "pricing" - the only price carbon should have is ZERO, along with all carbon assets. The fossil fuel industry needs to be bankrupted, & all fossil fuel subsidies must cease. At the moment, they're $7 trillion a year, acc. to the IMF, which is 7.1% of global GDP.