Posted by John Donovan: 14 May 2024
Step right up, ladies and gentlemen, to witness the astonishing spectacle of Shell’s latest performance in the carbon credit circus—featuring their star act, the “Phantom Carbon Credits!” That’s right, Shell has once again slipped into the role of the environmental illusionist, trading in what turns out to be absolutely zilch in the real world of CO2 reduction. Let’s give them a round of disbelief, shall we?
Nestled in the heart of Alberta, Canada, Shell’s Quest carbon capture facility became the unlikely star of a scandal where they apparently conjured up double the carbon credits they were supposed to. Yes, you heard that right—like a bad magician pulling fake rabbits out of a hat, from 2015 to 2021, Shell pulled out 5.7 million credits that, oops, didn’t quite match the actual CO2 reductions.