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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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily bluster—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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