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Shell Sold Millions of 'Phantom' Carbon Credits
lundi 6 mai 2024, 22:04 , par Slashdot
As a result of the scheme, Shell was able to register 5.7mn credits that had no equivalent CO2 reductions, selling these to top oil sands producers and some of its own subsidiaries. Credits are typically equivalent to one tonne of CO2. Some of the largest buyers of the credits were Chevron, Canadian Natural Resources, ConocoPhillips, Imperial Oil and Suncor Energy. Keith Stewart, a senior energy strategist with Greenpeace Canada, criticised these 'phantom credits.' Stewart added: 'Selling emissions credits for reductions that never happened... literally makes climate change worse.' Shell said carbon capture played 'an important role in helping to decarbonise industry and sectors where emissions cannot be avoided' and that realising its potential 'requires creating market incentives now.' Alberta's environment ministry said the crediting support scheme had not resulted in 'additional emissions' by industrial polluters. Read more of this story at Slashdot.
https://news.slashdot.org/story/24/05/06/204257/shell-sold-millions-of-phantom-carbon-credits?utm_so...
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