Remove Carbon Offsets Remove Information Remove Net Zero
article thumbnail

How to fix the broken carbon-offset system

Corporate Knights

In March, Jim Hourdequin, the CEO of Lyme Timber – one of the world’s largest suppliers of carbon offsets to companies like Chevron – admitted that lax standards have allowed his forestry company to earn US$53 million over the past two years without making significant changes to business as usual.

article thumbnail

‘Carbon neutral’ and ‘net-zero’ claims face global greenwash crackdown

Corporate Knights

They’ve permeated nearly every product category, from “carbon neutral” burgers and disposable cola bottles made with “plastic from the sea” to net-zero oil companies and ESG labels slapped on trillions of dollars in poorly regulated investment funds. We need to set things straight for consumers and give them full information.”

Net Zero 317
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why carbon tracking and reporting is necessary to hold corporations accountable

GreenBiz

As more companies make "carbon net-zero" commitments, how will stakeholders — investors, employees, customers and regulators — hold these companies accountable? It’s important to keep in mind that not all carbon offsets are created equal. Everything hinges on measurement. Courtesy of worldculturenetwork.

article thumbnail

What Are Carbon Offsets and Why Do Corporations Use Them?

3BL Media

When one greatly outweighs the other, problems arise, and currently there is a big one brewing in the carbon offset market—demand has grown exponentially and supply simply cannot keep pace. What are carbon offsets and why is it so difficult to make them verifiable, impactful, and scalable? What are carbon offsets?

article thumbnail

Why Land Remediation Is the Future of Carbon Offsets

3BL Media

A recent report from McKinsey & Company offered some hard evidence for what environmentalists have long known to be a mounting concern: The current carbon offset market will struggle in the next thirty years to meet the exponentially increasing demands placed on it by corporate America’s collective drive to meet their carbon pledges.

article thumbnail

AB: Are Carbon Offsets the Next ESG Investing Frontier?

3BL Media

Carbon offsets occupy a relatively small space on the spectrum of environmental, social and governance (ESG) issues. But as more countries and companies commit to net-zero carbon emissions goals, they’re steadily gaining attention from investors as a tool to accelerate carbon reductions.

article thumbnail

Instead of Carbon Offsets, We Need ‘Contributions’ to Forests

Stanford Social Innovation

In the wake of such studies—and of a growing number of lawsuits against Delta Airlines and other companies that have used forest carbon credits to make “net zero” and similar claims— some companies and universities have announced their decision to stop buying them altogether. Prices on the carbon market have plummeted.