Junk Carbon Offsets Are What Make These Big Companies ‘Carbon Neutral’.
For more than a decade, Credit Suisse Group AG has claimed to be “carbon neutral” in its operations. Every gleaming office tower, every flight by an executive — all the emissions generated directly by a global banking giant are supposedly counterbalanced. A closer look at the Swiss bank’s #sustainability reports tells a different story: its sweeping claim is based on purchases of low-quality carbon offsets that experts rate as useless.
#climate #climatechange #cop27
https://www.bloomberg.com/graphics/2022-carbon-offsets-renewable-energy/?sref=Ptu9QECN&leadSource=uverify%20wall