@[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-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.
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.