GAO Slams Carbon Offsets

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The GAO is soon to publish a report faulting the credibility of the carbon offset market. It suggests that Congress think carefully before letting companies use offsets to comply with climate change legislation. Everyone has known that offsets can be sketchy for a long time, but my article in the July/August issue of Mother Jones was the first to explore how leading offset companies have partnered with oil companies and anti-regulatory lobbying firms in an effort to carve out a huge new market for themselves through climate legislation. These are the same guys to whom well-intentioned enviros have paid millions to offset car trips and airline flights. The financial meltdown has been bad enough. Let’s hope it won’t take a polar meltdown for Congress to realize that a laissez-faire carbon market won’t save us.

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Fact:

In-depth journalism that investigates the powerful takes real money and is so damn important right now.But it doesn’t take a Mother Jones investigation to know that billionaires and corporations will never fund the type of reporting (like they do politicians) we do that exists to help bring about change. Instead, our mission-driven journalism is made possible by people power, and has been for 46 years now since our founding as a non-profit.

In “TITLE TK” Monica Bauerlein writes about the perilous moment we’re in, and why it’s so important that we raise $325,000 by the time November’s midterms are decided so we can be ready to throw everything we have at the big issues facing the nation no matter what happens. Please help MoJo’s people-powered journalism with a donation today.

$400,000 to go!

payment methods

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