News > Carbon offsets going up in smoke as company-linked forests burn

Carbon offsets going up in smoke as company-linked forests burn

04/08/2021 04:06 PM | Click to read full article

Forests in the US that generate the carbon offsets bought by companies that include BP and Microsoft are on fire as summer blazes rage in North America.

Corporate pledges of net zero emission rely on such projects to compensate for the carbon dioxide they generate, as organisations unable to make sufficient emission cuts from operations “offset” the remainder to achieve their targets.