Thread by @anasalhajji

Thread
1- Heavy regulations of oil & gas in favor of green energy will only result in greenwashing oil & gas. So many ways to legally greenwash any fossil fuel.

All of this lead to one result: Carbon neutrality will be the mother of all ENRONS: an unprecedented accounting fraud

2- So, what I can do to make my oil or LNG green? There are so many ways... including enriching Elon Musk and Tesla stockholders! Why? Because some corrupt politicians created laws that make it work that way. Anyway, Auto companies are now paying $Tesla to greenwash their cars!

3- People are going to go crazy when they realize what companies can claim in their carbon neutrality accounting systems! Hey, my stores have had skylights since they were built 40 years ago. I have been green all along but I just learned about it!

4- Look, our company campus has about 2,000 old trees, many were there before the campus was built. Can we claim that in our carbon calculations? Sure you can!

5- Hey look, we asked half of our workforce to work permanently from home. We moved to a smaller building. Now our carbon footprint is way smaller and we will present that to our board.

6- Between the smaller building and 50% of our labor force not commuting to work, we cut our company's carbon footprint by 60%. We will also print that on our products to show our customers and investors how green we are. #OOTT #Carbon

7- Look over there, we sold our factory in India that uses power from a coal-fired plant. This will reduce our carbon footprint by 15%. (yet the emissions from a global point of view are still the same)
#ClimateCrisis

8- My oil & gas business is going to be labeled green soon because I am converting some production to hydrogen and ammonia... I am also going to tilt more toward natural gas to reduce my carbon footprint. #Oil #Natgas #OOTT #ClimateCrisis

9- I am going to convert my oil and gas into materials to be used in the making of #ElectricVehicles, wind turbines, and #solar panels... I am contributing to the green revolution.

Billionaire XYZ is already green. He owns an Island with a forset that has about 50,000 trees

10- Ok, you got the idea. The fact is, companies & governments will go for the low-hanging fruits. Big harvest with little effort. That means we will see some real improvement globally in reducing carbon. Some companies & govts might bring a ladder & work harder, but that is it!

11- The trees are huge and tall... a lot of fruits will be left on the trees. That means we will not achieve carbon neutrality... hence the accounting games are needed.
Energy companies will sell their most polluting assets.. they will look greener, but NO change for the world

12- The most interesting carbon neutrality accounting game is counting things that existed for years and decades toward carbon neutrality such as skylight, light sensors, and trees. Or counting things that would have happened anyway because of economics, technology, and #COVID19

13- To conclude: climate agreements, regulations, and texas will reduce carbon marginally as companies and movements go for the effortless low-hanging fruits. few "climate purists" will do little more. Everything above that will be an accounting game: the mother of all ENRONS!