Insights > Analysis > ANALYSIS: ‘Carbon neutral’ fuel trades go underground as oil majors fear criticism

ANALYSIS: ‘Carbon neutral’ fuel trades go underground as oil majors fear criticism

Published 11:56 on May 27, 2022 / Last updated at 06:36 on May 28, 2022 / / Insights (Analysis), International (Shipping, UN Climate Talks), Nature-based Carbon (Other NbS), Net Zero Transition (Industrial Decarbonisation, Transport & Heating Fuels), Voluntary (VCM Governance)

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Oil and gas players are continuing to strike ‘carbon neutral’ fuel deals despite a major drop off in announcements, observers told Carbon Pulse, with the firms believed to be making secretive trades involving millions of carbon credits to offset fossil fuel shipments even as they struggle to agree on how to report them.
Oil and gas players are continuing to strike ‘carbon neutral’ fuel deals despite a major drop off in announcements, observers told Carbon Pulse, with the firms believed to be making secretive trades involving millions of carbon credits to offset fossil fuel shipments even as they struggle to agree on how to report them.


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