The market for carbon credits is facing a renewed wave of opposition as climate activists deliver a fresh warning to companies and governments not to use such financial instruments to offset their emissions.
Six months after becoming the chief executive at Shell, Wael Sawan quietly ended the world’s biggest corporate plan to develop carbon offsets, the environmental projects designed to counteract the warming effects of CO2 emissions.
Europe’s energy security woes represent an opportunity for African gas supplies, according to Africa Finance Corp. (AFC), although noting the infrastructure challenges along the way.
Storegga has signed a memorandum of understanding (MoU) with the Alliance for Sustainability Leadership in Education (EAUC), which will support its plans to build a direct air capture project in Aberdeenshire.
Speaking at a COP26 fringe event, BP climate director Jeff Swartz discussed the role of carbon offsetting in the energy major’s net zero plans.
Thousands of delegates will gather in Glasgow in a few days for United Nations talks aimed at staving off catastrophic climate change. Just 80 miles north of the city, a tree-planting project in the Scottish Highlands underscores one of the toughest issues they’ll have to entangle.
Sasol has invited experienced companies to work with it on developing carbon offsets, in South Africa and the SADC region.