REDD funded by the oil industry cannot be “sustainable development”. Norwegian oil company Equinor continues its climate masquerade

As climate breakdown gets worse, the corporations most responsible are looking for ways to continue profiting from ever increasing greenhouse gas emissions. Norway’s oil company Equinor is a classic example of this. The company plans to continue drilling oil – including in the Arctic – while investing in “natural climate solutions” to offset its emissions.

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Companies won’t meet the New York Declaration or the Tropical Forest Alliance 2020 deforestation targets. The Nature Conservancy tells us “that’s okay” and TFA says “let’s not dwell on it”

In September 2014, more than 50 companies signed on to the New York Declaration on Forests. The declaration has a target to “At least halve the rate of loss of natural forests globally by 2020 and strive to end natural forest loss by 2030.”

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