Remove 2019 Remove Carbon Offsets Remove Stranded Assets
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At long last, Canada restricts oil and gas subsidies (except for all the loopholes)

Corporate Knights

In a release Monday, Oil Change International placed the total at $50 billion since 2019. Through those years of debate, Canada’s gas industry maintained its product should receive valuable credits under Article 6 if it could be used to offset coal-fired electricity generation in Asia. Carbon Capture Backed by Carbon Offsets?

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IPCC issues final warning about ‘rapidly closing window of opportunity’

Corporate Knights

Delaying those actions “would lock in high-emissions infrastructure, raise risks of stranded assets and cost escalation, reduce feasibility, and increase losses and damages.” By contrast, the report makes no mention of risky and controversial attempts at solar radiation management (SRM) and leaves out any reliance on carbon offsets.