silence7@slrpnk.netM to Climate - truthful information about climate, related activism and politics.@slrpnk.netEnglish · 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-up197arrow-down10
arrow-up197arrow-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.comsilence7@slrpnk.netM to Climate - truthful information about climate, related activism and politics.@slrpnk.netEnglish · 1 year agomessage-square11fedilink
minus-squaresilence7@slrpnk.netOPMlinkfedilinkarrow-up4·1 year agoPeople already stopped buying the offsets; their market value dropped to near zero as a result.
minus-squarefederalreverse-old@feddit.delinkfedilinkarrow-up2·edit-21 year agoThey likely switched to another, similarly scammy provider.
minus-squaresilence7@slrpnk.netOPMlinkfedilinkarrow-up6·1 year agoThe whole market crashed. It’s not just this scammer or that one
minus-squareBen Matthewslinkfedilinkarrow-up2·1 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.