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Clean crude: Clean crude? Oil firms use offsets to claim green barrels

In January, Occidental Petroleum announced it had accomplished something no oil company had done before: It sold a shipload of crude that it said was 100% carbon-neutral.
While the two-million-barrel cargo to India was destined to produce more than a million tons of planet-warming carbon over its lifecycle, from well to tailpipe, the Texas-based driller said it had completely offset that impact by purchasing carbon credits under a U.N.-sponsored program called CORSIA.
Carbon credits are financial instruments generated by projects that reduce or avert greenhouse-gas emissions such as mass tree plantings or solar power farms. The projects’ owners can sell the credits to polluting companies, who then use them to make claims of offsetting their carbon emissions. ....

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Clean crude? Oil firms use offsets to claim green barrels.

Apr 21, 2021
In January, Occidental Petroleum announced it had accomplished something no oil company had done before: It sold a shipload of crude that it said was 100% carbon-neutral.
While the 2-million-barrel cargo to India was destined to produce more than a million tons of planet-warming carbon over its lifecycle, from well to tailpipe, the Texas-based driller said it had completely offset that impact by purchasing carbon credits.
Such credits are financial instruments generated by projects that reduce or avert greenhouse gas emissions such as mass tree plantings or solar power farms. The projects’ owners can sell the credits to polluting companies, who then use them to make claims of offsetting their carbon emissions. ....

United States , Anne Thiel , Mehdi Chennoufi , Andy Gheorghiu , Alex Budden , Marion Verles , Richard Jackson , Vincent Demoury , Edvard Grieg , Martha Hall Findlay , David Turnbull , India Reliance Industries , Oil Change International , Occidental Petroleum , Lundin Energy , International Group , Suncor Energy , Rystad Energy , Business Development , Washington Based Oil Change International , Reliance Industries , Western Europe , Chief Sustainability Officer Martha Hall , Deputy General , North Field , Chief Executive Officer ,

Clean crude? Oil firms use offsets to claim green barrels | Hellenic Shipping News Worldwide

Clean crude? Oil firms use offsets to claim green barrels
In January, Occidental Petroleum announced it had accomplished something no oil company had done before: It sold a shipload of crude that it said was 100% carbon-neutral.
While the two-million-barrel cargo to India was destined to produce more than a million tons of planet-warming carbon over its lifecycle, from well to tailpipe, the Texas-based driller said it had completely offset that impact by purchasing carbon credits under a U.N.-sponsored program called CORSIA.
Carbon credits are financial instruments generated by projects that reduce or avert greenhouse-gas emissions such as mass tree plantings or solar power farms. The projects’ owners can sell the credits to polluting companies, who then use them to make claims of offsetting their carbon emissions. ....

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Clean crude? Oil firms use offsets to claim green barrels

Clean crude? Oil firms use offsets to claim green barrels
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United States , Anne Thiel , Mehdi Chennoufi , Andy Gheorghiu , Alex Budden , Marion Verles , Richard Jackson , Vincent Demoury , Edvard Grieg , Martha Hall Findlay , David Turnbull , India Reliance Industries , Oil Change International , Reduction Scheme For International Aviation , United Nations , Occidental Petroleum , Lundin Energy , International Group , Suncor Energy , Rystad Energy , Business Development , Washington Based Oil Change International , Carbon Offsetting , Reduction Scheme , International Aviation , Reliance Industries ,

Clean crude? Oil firms use offsets to claim green barrels

Clean crude? Oil firms use offsets to claim green barrels
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United States , Anne Thiel , Mehdi Chennoufi , Andy Gheorghiu , Alex Budden , Marion Verles , Richard Jackson , Vincent Demoury , Edvard Grieg , Martha Hall Findlay , David Turnbull , India Reliance Industries , Oil Change International , Reduction Scheme For International Aviation , United Nations , Occidental Petroleum , Lundin Energy , International Group , Suncor Energy , Rystad Energy , Business Development , Washington Based Oil Change International , Carbon Offsetting , Reduction Scheme , International Aviation , Reliance Industries ,