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The SEC Must Not Legitimize Fake ‘Carbon Offsets’

Net zero is not zero

An altered cover of Ayn Rand’s ‘Atlas Shrugged.’ Atlas has been replaced by Monopoly’s Rich Uncle Pennybags, his face a skull-mask, dancing a jig. He is golden-colored. The rising sun has been replaced by a rising Earth, wreathed in flames. Image: Penguin Publishing Group (modified) NASA (modified) Parker Brothers (modified) Unknown (modified) Cristian Ibarra Santillan (modified) https://www.flickr.com/photos/cristian_ibarra_santillan/49595214931/ CC BY 2.0: https://creativecommons.org/l
Image: Cristian Ibarra Santillan via flickr/CC BY 2.0, Penguin Publishing Group, NASA, Parker Brothers, and Unknown (modified)

Later this month, the SEC will release its “climate disclosure rule,” which could be a turning point for the carbon offset “market,” which is presently a dumpster fire of accounting fraud, lies, and moral hazard:

https://news.bloomberglaw.com/esg/green-groups-want-offsets-included-as-part-of-secs-climate-rule

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