Europe's Biggest Oil Company Quietly Shelves a Radical Plan to Shrink Its Carbon Footprint
www.bloomberg.com
A faltering offsets program points to new problems with the corporate world’s favorite “climate solution.”
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The original was posted on /r/collapse by /u/capitalismsucksss on 2023-09-03 18:38:40.

After realizing that carbon offsets are unreliable and overstate their actual impact in carbon sequestration, Shell decided they’d shift their focus to short-term goals (read: profits) instead of spending $100M per year on offsetting the impacts fossil fuels have on the planet. Related to collapse as it shows that the companies responsible for ruining the environment have no desire to actually save this planet and our governments across the globe do nothing to hold them accountable.