5 signs your climate efforts might be doing more harm than good
April 30, 2021 12:39 AM Subscribe
Offsetting emissions is hot right now. The carbon capture market is expected to grow to $6bn by 2026. The industry’s fast-accelerating growth has attracted a number of new climate organisations to the field — but not all of them are in the business for the right reasons. In a recent expose, Disney, BlackRock and J.P. Morgan were all found to have invested in carbon offset projects that in reality had no additional positive impact on the climate. What these firms didn’t know was that one of their chosen offsetting climate organisations, Nature Conservancy Group, claimed to be preserving forests that were in fact never threatened to begin with.