Skip to content
Menu
REDD-Monitor
  • Start here
  • About REDD-Monitor
  • REDD: An introduction
  • Contact
REDD-Monitor

Launched at COP25, IETA’s Markets for Natural Climate Solutions is greenwash for the oil industry

Posted on 11 December 20193 April 2020
Tweet about this on Twitter
Twitter
Share on LinkedIn
Linkedin
Share on Facebook
Facebook
Email this to someone
email

By Chris Lang

On 5 December 2019, at COP25 in Madrid, the International Emissions Trading Association held a side event to launch its Markets for Natural Climate Solutions initiative. The aim is to help create “Global markets for carbon credits generated from Natural Climate Solutions which enables private sector investment at scale.”

If there was any doubt that the idea of Natural Climate Solutions was going to be co-opted by the oil industry as a distraction from the urgent need to leave fossil fuels in the ground, that doubt has now vanished without trace.

The founding members are four oil and gas companies (Shell, Chevron, BP, and Woodside Energy); a mining company (BHP); and a US-based tree planting organisation, the Arbor Day Foundation:

This marriage made in hell was launched by a panel moderated by Dirk Forrister, CEO of IETA. Before the event, IETA advertised five speakers:

  • Simon Henry, Director, Carbon Market Development, IETA
  • Kelley Kizzier, Associate Vice President for International Climate, Environmental Defense Fund
  • Duncan van Bergen, Vice President Nature Based Solutions, Shell
  • Enric Arderiu, Originator, Global Environmental Products, BP
  • Jeremy Manion, Lead of Forestry Carbon Markets and Natural Climate Solutions, Arbour Day Foundation

Kizzier wasn’t on the panel leaving an all male panel.

When Shell’s Duncan van Bergen spoke, dozens of activists stood up, put their hands over their ears and walked out of the room.

“Quite divorced from reality”

In the questions following the presentations, Simon Lewis, Professor of Global Change Science at University College London, said, “This is quite divorced from reality, what you are all discussing.”

In These Times reports that Lewis explained that even if every possible natural climate solution were used worldwide, it could only offset about 20% of global greenhouse gas emissions. Emissions cuts have to come through reductions in fossil fuel use.

But the problem with natural climate solutions is not just that they cannot generate enough carbon offsets. Carbon markets and offsets simply do not work.

Earlier in the week, Friends of the Earth International and other NGOs released a petition signed by more than 160 environmental and indigenous rights groups opposing carbon markets in the Paris Agreement. The petition states that,

Carbon markets do not work. Cap and trade schemes have failed to reduce emissions or deliver real climate action. Under carbon market schemes, global emissions have continued to rise. Intrinsic flaws and loopholes render them unworkable.

Greenwashing the oil industry

While Friends of the Earth International and many others are working to keep polluters and offsets out of the UN climate negotiations, US-based BINGOs are working with the oil industry to allow them to continue polluting by greenwashing their operations with offsets.

In April 2019, Shell announced that it was planning to spend US$300 million on “natural ecosystems as part of its strategy to act on global climate change”.

The Nature Conservancy has been working with Shell since 2009, and is actively involved in Shell’s work on natural climate solutions. Shell’s press release about natural climate solutions includes a quotation from then-CEO of TNC, Mark Tercek, welcoming Shell’s greenwash.

Conservation International has been working with BHP since 2011. Conservation International was one of the organisations behind the International Finance Corporation’s five-year “Forests Bond” that bailed out the Kasigau Corridor REDD project in Kenya, and helped greenwash BHP – the company responsible for Brazil’s worst environmental disaster.

In Guyana, Conservation International accepted US$10 million from ExxonMobil, after the oil giant discovered US$200 billion offshore oil reserves.

IETA’s Advisory Panel for its Markets for Natural Climate Solutions consists of the following:

  • Maggie Comstock, Climate Consultant, Conservation International;
  • Suzi Kerr, Chief Economist, Environmental Defense Fund;
  • Kelley Kizzier, Associate Vice President for International Climate, Environmental Defense Fund;
  • Dan Nepstad, Executive Director, Senior Scientist, Earth Innovation Institute;
  • Agustin Silvani, Head of Conservation Finance Division (CFD): Conservation International;
  • Chandler Van Voorhis, Managing Partner, Green Trees;
  • Chris Webb, Director, Climate Markets, The Nature Conservancy.

This Advisory Panel amounts to a collection of sell-out NGOs who blindly ignore the contradiction between working with multi-national oil corporations and trying to prevent the climate crisis.

The oil industry has spent millions funding climate denial. It has spent further millions on lobbying to block climate legislation. In March 2019, a study by InfluenceMap showed that since the Paris Agreement, Exxon Mobil, Shell, BP, Total, and Chevron have spent a total of more than US$1 billion on delaying, controlling, and lobbying against climate legislation.

The oil industry has always been keen on carbon trading – for the obvious reason that it allows them to continue profiting from pollution. BP poured US$5 million into the World Bank’s Carbon Fund, part of its REDD carbon trading scheme, the Forest Carbon Partnership Facility.

Paying so-called environmental organisations to do their greenwashing for them is just one more example of the oil industry’s climate denialism.

 

Tweet about this on Twitter
Twitter
Share on LinkedIn
Linkedin
Share on Facebook
Facebook
Email this to someone
email

Related

Leave a Reply Cancel reply

SUBSCRIBE!

Enter your email address to receive notification of new posts.

Recent themes
Natural Climate Solutions
WWF's conservation scandals
Aviation and offsetting
Conservation Watch

REDDisms

“The Indonesian rainforests, the largest in Asia, are doing much better than recently. Deforestation decreased for the first time in 2013 and the positive trend is likely to continue.”

— Eric Solheim, ex-Norwegian minister for international development and the environment, October 2015

Recent Posts

  • Peru cancels its World Bank FCPF Carbon Fund programme
  • The World Bank Forest Carbon Partnership Facility’s latest hot air scam: Retroactive credits
  • Some questions for Frithjof Finkbeiner, founder of Plant-for-the-Planet
  • Why has the Financial Conduct Authority not taken down the website of the clone scam “Good Investment Advisors”?
  • Greenpeace on Carbon Dioxide Removal and REDD: “The experience has been more often negative than positive”

Recent Comments

  • Chris Lang on Why has the Financial Conduct Authority not taken down the website of the clone scam “Good Investment Advisors”?
  • fred bloke on Bill Gates: “Now some of these offsets are very complicated. Ah, you know, trees for example . . .”
  • fred bloke on Why has the Financial Conduct Authority not taken down the website of the clone scam “Good Investment Advisors”?
  • Chris Lang on Some questions for Frithjof Finkbeiner, founder of Plant-for-the-Planet
  • Kathleen McCroskey on Some questions for Frithjof Finkbeiner, founder of Plant-for-the-Planet

Issues and Organisations

AB 32 Boiler rooms Bonn California Can REDD save ... ? Carbon accounting Carbon Credits Carbon Offsets CDM Conservation-Watch Conservation International COP21 Paris Deforestation FCPF FERN Financing REDD Forest definition Fossil fuels FPP Friends of the Earth FSC Greenpeace Guest post ICAO Illegal logging Indigenous Peoples Natural Climate Solutions NGO statements Plantations Poznan R-M interview REDD and rights REDD in the news Risk RSPO-Watch Safeguards Sengwer Sustainable Forest Management The Nature Conservancy Ulu Masen UN-REDD UNFCCC World Bank WRM WWF

Countries

Australia Bolivia Brazil Cambodia Cameroon Canada China Colombia Congo Basin region DR Congo Ecuador El Salvador European Union France Germany Guatemala Guyana Honduras India Indonesia Kenya Laos Luxembourg Madagascar Malaysia Mexico Nicaragua Nigeria Norway Panama Papua New Guinea Paraguay Peru Philippines Republic of Congo Sweden Tanzania Thailand Uganda UK Uncategorized United Arab Emirates USA Vietnam West Papua
©2021 REDD-Monitor | Powered by WordPress and Superb Themes!