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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Norwegian oil giant Equinor’s plans to burn the planet and buy REDD offsets praised by UNFCCC executive secretary Patricia Espinosa

On 20 November 2018, Equinor, one of the largest oil and gas firms in the world, wrote to Patricia Espinosa, the Executive Secretary of the UN Framework Convention on Climate Change. The first sentence spells trouble. “The way you lead the important work to deliver solutions to the global climate challenge is of great inspiration to us,” Equinor’s CEO Eldar Sætre writes.

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Climate denial, California style

On 16 November 2018, a public meeting will take place to discuss the California Tropical Forest Standard. The debate so far about the proposal to include REDD offsets in California’s cap and trade scheme reveals that the California Air Resources Board is heavily biased in favour of carbon trading and is not interested in addressing climate change.

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A glimpse at Brazil reveals the big REDD problems that California’s Tropical Forest Standard fails to address

On 5 September 2018, the California Air Resources Board released a draft California Tropical Forest Standard. A 191-page Draft Environmental Analysis was released on 14 September 2018. A public meeting will take place on 15 November 2018, and the California Air Resources Board is inviting comments on the Environmental Analysis before 5 pm on 29 October 2018.

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Aviation and false solutions: The farce of the “Florestal Santa Maria” REDD project in Mato Grosso, Brazil

When a company buys REDD carbon credits to offset its continued pollution, it relies on certification organisations such as Verra (previously called Verified Carbon Standard) and the Forest Stewardship Council to prove that the project is genuine, well managed, and really does result in reduced emissions. World Rainforest Movement recently visited the state of Mato Gross, Brazil to investigate the Florestal Santa Maria REDD project. WRM’s report reveals the problems with REDD, the problems with relying on this sort of certification, and the false solution of offsetting emissions from flying.

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