@[email protected]M to Climate - truthful information about climate, related activism and [email protected]English • 1 year agoOffsetting has been hailed as a fix for runaway emissions and climate change—but the market’s largest firm sold millions of credits for carbon reductions that weren’t real.www.newyorker.comexternal-linkmessage-square11fedilinkarrow-up195arrow-down10cross-posted to: climatechange
arrow-up195arrow-down1external-linkOffsetting has been hailed as a fix for runaway emissions and climate change—but the market’s largest firm sold millions of credits for carbon reductions that weren’t real.www.newyorker.com@[email protected]M to Climate - truthful information about climate, related activism and [email protected]English • 1 year agomessage-square11fedilinkcross-posted to: climatechange
minus-squareRBGlinkfedilink18•1 year agoWho would have thought. Good it came out. Now get ready for absolutely nothing to happen or change based on that.
minus-square@[email protected]OPMlinkfedilink4•1 year agoPeople already stopped buying the offsets; their market value dropped to near zero as a result.
minus-squarefederalreverse-oldlinkfedilink2•edit-21 year agoThey likely switched to another, similarly scammy provider.
minus-square@[email protected]OPMlinkfedilink5•1 year agoThe whole market crashed. It’s not just this scammer or that one
minus-squareBen Matthewslinkfedilink2•1 year agoIt’s crashed and revived before, selling a feel-good drug that satisfies addictions to high-energy lifestyles, real-world impact was never the point.
Who would have thought. Good it came out. Now get ready for absolutely nothing to happen or change based on that.
People already stopped buying the offsets; their market value dropped to near zero as a result.
They likely switched to another, similarly scammy provider.
The whole market crashed. It’s not just this scammer or that one
It’s crashed and revived before, selling a feel-good drug that satisfies addictions to high-energy lifestyles, real-world impact was never the point.