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May 5, 2024 · Posted by John Donovan: 5 May 2024. In a move that could only be described as a masterclass in corporate chutzpah, Shell, the reigning champion of environmental lip service, has been caught with its hand in the carbon cookie jar, selling millions of carbon credits as substantial as a politician’s promises.
Subreddit dedicated to the news and discussions about the creation and use of technology and its surrounding issues. Shell sold millions of ‘phantom’ carbon credits. Almost as if that was some kind of environmental corporate fraud, and the people who did that should go to jail. No no, the corporation did the fraud, not the people making ...
May 5, 2024 · A Shell-operated plant reported millions of carbon credits tied to CO₂ removal that never took place but were used by Canada’s largest oil sands companies, raising new doubts about a ...
May 6, 2024 · Read the full piece on Financial Times or enjoy below: 🗞️ Driving the news: Shell has been implicated in selling millions of carbon credits, dubbed 'phantom' credits, to Canada’s major oil sands companies. • These credits were supposedly based on CO₂ reductions by Shell's Quest carbon capture facility which never materialized, due to ...
May 7, 2024 · Last Wednesday, Capital Power announced it is shelving its planned $2.4-billion carbon capture project at the Genesee power plant near Edmonton due to uncertainty over the economics — for example, how much Capital Power could earn from its generated carbon credits. In Saskatchewan, carbon capture technology outfitted on a turbine at the ...
May 7, 2024 · On the carbon market, tradable credits are typically equivalent to one tonne of CO2. But as a result of the subsidy scheme, Shell Canada was able to register 5.7 million credits that were not ...
Subsidy scheme in Alberta allowed oil major’s plant to register carbon credits equivalent to twice the volume of CO₂ captured
