A global initiative to boost the $2B carbon offsetting market has released guidance to help companies choose better carbon credits and introduce more transparency to the unregulated sector. With carbon offsetting demands growing to accommodate net-zero targets, the independent body aims to issue labelled credits by the end of the year. The global carbon offset market is...Read More

Fossil fuel companies are increasingly using carbon offsets to claim they are going carbon neutral. Oil and gas giants like BP, Shell, Total Energies and Eni have all used carbon credits to deliver so-called “carbon neutral” fossil fuels. Additionally, Eni, Shell, TotalEnergies, Chevron, ExxonMobil long term net zero strategies include substantial amounts of carbon offsetting. According to a report released by Shell, by 2030 up to 1.5 million...Read More