NightOwlShell Silently Abandoned Its $100 Million-a-Year Plan to Offset CO2 Emissions
authIs it even possible for a gas company to offset CO2 emissions?
Not really, because there are different “scopes” of emissions when declaring offsets:
Scope 1: emissions done directly during normal operations
Scope 2: emissions from the suppliers, transport and resourcing of raw materials etc.
Scope 3: indirect emissions caused by the use of the product and other effects the company is responsible for.
Obviously fossil fuel companies like Shell mostly have Scope 3 emissions. Barely any company that declares offsets even considers Scope 3 emissions though.