Guyana is to sell US$750 million carbon offsets to Hess Corporation, one of the oil companies that is extracting oil off the coast of Guyana.
Tag: Deforestation
Addressing the Amazon tipping point is more urgent than ever. REDD is not working. The worst thing we could do is trade the carbon stored in the Amazon against emissions from burning fossil fuels
Amazon tipping point: If the Amazon tips from rainforest to savanna it would be a disaster for the people living in the forest and for the world’s climate.
Brazilian state of Tocantins teams up with Mercuria Energy Trading to sell 200 million imaginary jurisdictional REDD carbon credits
Brazilian state of Tocantins has agreed a deal with Mercuria Energy Trading to sell 200 million fictitious jurisdictional carbon credits, to be generated between 2016 and 2032.
The Amazon tipping point crisis
The Amazon tipping point at which the rainforest undergoes a process of savannisation has in places already started, a new report argues.
Democratic Republic of Congo threatens to release its carbon bomb
Democratic Republic of Congo is planning to release a carbon bomb by auctioning 30 oil and gas blocks overlapping rainforests and peatlands.