Carbon offset. If it looks like an illusion, it is. CARBON neutral oil is the oxymoron of the moment. Oil that through some sleight of hand, some magic of credits and offsets, becomes emissions free! Last week, a certificate was issued in China for the first shipment in the country of full life cycle “carbon-neutral” petroleum – achieved through a combination of energy-saving and emission-reduction strategies as well as the purchase of Chinese Certified Emission Reduction carbon credits. The rabbit of greenhouse gas emissions had vanished from the hat. Cue round of applause.
Herald 27th Sept 2021 read more »