This is obviously malign bullshit. However, there's a version of this idea that I think makes policy sense. wsj.com/articles/big-e…
1. Fck carbon offsets. Useless.
2. Instead, to sell "carbon-neutral" oil, a co. must *verifiably & permanently sequester the amount of CO2 contained in the oil* -- no bankshot market BS; direct funding of CCS or DAC projects.
3. Start it voluntary; eventually make it mandatory.
2. Instead, to sell "carbon-neutral" oil, a co. must *verifiably & permanently sequester the amount of CO2 contained in the oil* -- no bankshot market BS; direct funding of CCS or DAC projects.
3. Start it voluntary; eventually make it mandatory.
We should be taking steps toward a world in which oil & gas companies are expected to bury as much CO2 as they dig up -- "carbon neutrality" should be required for social license.
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