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The Independent UK

Rebecca Speare-Cole

Businesses rewarded for closing factories due to green carbon credits loophole, says Greenpeace

Greenpeace United States United Kingdom CF Industries Unearthed Alex Cunningham Doug Parr ETS Mitsubishi

PA

Companies have been making millions in unused carbon credits by closing or idling factories due to a loophole in a government decarbonisation scheme, according to campaigners.

Greenpeace’s Unearthed investigation unit analysed the UK emissions trading scheme (ETS) – a government-run cap and trade system designed to reward firms that cut emissions from their operations.

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