Backfire: World’s Fourth Largest Iron Ore Producer Stops Purchasing Carbon Offsets <~ ZeroHedge

Posted on September 22, 2023 by michael burgwin

BY TYLER DURDEN THURSDAY, SEP 21, 2023 READ

About three weeks after Shell, Europe’s largest oil company, quietly shelved the world’s largest corporate plan to develop carbon offsets, the world’s number four iron ore producer, Fortescue Metals Group Ltd., has decided to end purchases of voluntary carbon offsets. This comes as at least one major study has revealed carbon offsets are prone to ‘greenwashing’ and most credits don’t actually benefit the climate. 

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About michael burgwin

A child of the peace and antiWar movements, a Truther with self-diagnosed Opposition Defiance Disorder, formerly politically liberal tho now politically marooned, and Post-Doomer, on any issue, I trend to the conspiracy side, sort through the absurd, fantastical and insane, until I find firm ground usually located just the other side of the censorship firewall of propaganda and orthodoxy, dogma, and other either / or thinking.
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