The SEC Must Not Legitimize Fake ‘Carbon Offsets’

Net zero is not zero

Cory Doctorow
Marker
Published in
5 min readMar 11, 2022

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An altered cover of Ayn Rand’s ‘Atlas Shrugged.’ Atlas has been replaced by Monopoly’s Rich Uncle Pennybags, his face a skull-mask, dancing a jig. He is golden-colored. The rising sun has been replaced by a rising Earth, wreathed in flames. Image: Penguin Publishing Group (modified) NASA (modified) Parker Brothers (modified) Unknown (modified) Cristian Ibarra Santillan (modified) https://www.flickr.com/photos/cristian_ibarra_santillan/49595214931/ CC BY 2.0: https://creativecommons.org/l
Image: Cristian Ibarra Santillan via flickr/CC BY 2.0, Penguin Publishing Group, NASA, Parker Brothers, and Unknown (modified)

Later this month, the SEC will release its “climate disclosure rule,” which could be a turning point for the carbon offset “market,” which is presently a dumpster fire of accounting fraud, lies, and moral hazard:

https://news.bloomberglaw.com/esg/green-groups-want-offsets-included-as-part-of-secs-climate-rule

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Cory Doctorow
Marker

Writer, blogger, activist. Blog: https://pluralistic.net; Mailing list: https://pluralistic.net/plura-list; Mastodon: @pluralistic@mamot.fr