In August 2010, the Rimba Raya conservation project in Central Kalimantan, Indonesia hit the headlines. “Indonesia project boosts global forest CO2 market,” Reuters reported. But there’s a catch. Two companies that are responsible for vast greenhouse gas emissions are involved in the project: Shell and Gazprom.
Category: Canada
ERA Carbon Offsets Ltd. looks to profit from REDD
A Canadian company called ERA Carbon Offsets Ltd is looking to sell carbon offsets from REDD projects. The company already sells carbon offsets to Shell, which Shell uses to ensure that it can continue drilling for oil. According to the press release below, the president and CEO of the World Wildlife Fund, Carter Roberts supports…