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Big Oil wants you to believe a tanker full of fossil fuel can be "carbon neutral"

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Sunday, June 13, 2021

How exactly does a massive shipment of crude oil, or fossil gas fracked in the United States and shipped across the Atlantic, manage to get a "carbon neutral" label? The greenhouse gas emissions associated with this drilling is not absorbed or erased. They are zeroed out on paper, thanks to an accounting trick: Using credits from carbon offsets.These emissions illusions are key components to corporate climate pledges. Fortune 500 companies, including many fossil fuel polluters, have raced out to announce "net zero" commitments, often accompanied by slick self-congratulatory advertising. But these schemes are more often about image management than pollution reduction; Shell, after all, plans to grow its fossil fuel business while making "net zero" promises.

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