By Chris Lang Earlier this week, an international group of more than 20 campaigners wrote a letter to The Guardian in support of natural climate solutions. “The world faces two existential crises, developing with terrifying speed: climate breakdown and ecological breakdown,” they write. “Neither is being addressed with the urgency needed to prevent our life-support…
Tag: Carbon Offsets
Oil company Eni plans 8.1 million hectare land grab in Africa for carbon offset plantations
Italian oil and gas company Eni has announced plans to establish plantations over an area of 8.1 million hectares in Africa. The proposal is part of the company’s plans for greenhouse gas emissions from its exploration and production operations to be “net zero” by 2030.
Green Finance Observatory: Carbon markets “will never work and should be abandoned”
Green Finance Observatory: New report notes that “Carbon markets have spectacularly failed to curb greenhouse gases for over a decade. . . “
Natural Climate Solutions: “It really is time that governments stopped trying to find more ways to offset their fossil fuel emissions”
From the beginning, REDD proponents described saving rainforests as the “low-hanging fruit”. When he launched Norway’s International Climate and Forest Initiative (NICFI) in December 2007, Norway’s then-prime minister Jens Stoltenberg told us that, “Through effective measures against deforestation we can achieve large cuts in greenhouse gas emissions – quickly and at low cost.”
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.