Carbon Removal Projects Leap Forward With New Offset Deal. Will They Actually Help the Climate?

1 year ago 45

Finance and insurance giants hope to offset their carbon emissions with “direct air capture” from a plant in Texas and smokestack carbon capture from Midwestern ethanol plants that would rely on a pipeline that may never be completed.

The open secret behind corporate climate pledges is that many companies don’t know how they will meet them. Some of the biggest questions lie behind the “net” in net-zero, exactly how, where and when companies will compensate for the climate pollution that they fail to eliminate from their own operations.

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