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The Guardian - US
The Guardian - US
Environment
Nina Lakhani in New York

‘Worthless’: Chevron’s carbon offsets are mostly junk and some may harm, research says

Collage of Chevron logo and pollution.
New research finds that more than 90% of the company’s carbon offsets should be classified as worthless or junk. Composite: The Guardian/Getty Images

A new investigation into Chevron’s climate pledge has found the fossil-fuel company relies on “junk” carbon offsets and “unviable” technologies, which do little to offset its vast greenhouse gas emissions and in some cases may actually be causing communities harm.

Chevron, which reported $35.5bn in profits last year, is the US’s second-largest fossil fuel company with operations stretching from Canada and Brazil to the UK, Nigeria and Australia.

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