Bloomberg: Companies Greenwashing Their Image Using “Bogus” Carbon Credits
10 hours ago Eric Worrall 19 Comments
Essay by Eric Worrall
Carbon credits – the only “market” where false claims benefit both parties in the transaction.
Junk Carbon Offsets Are What Make
These Big Companies ‘Carbon Neutral’
Dozens of the biggest global companies — from banks to industrial heavyweights — have made bold climate claims justified by cheap renewable-energy offsets that don’t counteract global warming
By Akshat Rathi, Natasha White and Demetrios PogkasGreen
21 November 2022
For more than a decade, Credit Suisse Group AG has claimed to be “carbon neutral” in its operations. Every gleaming office tower, every flight by an executive — all the emissions generated directly by a global banking giant are supposedly counterbalanced. A closer look at the Swiss bank’s sustainability reports tells a different story: its sweeping claim is based on purchases of low-quality carbon offsets that experts rate as useless.
https://wattsupwiththat.com/2022/11/21/bloomberg-companies-using-bogus-carbon-credits-to-look-green/
