Half of Centrica’s carbon offsets banned by EU emissions trading scheme in 2013


Source: news.sky.com news.sky.com

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Nearly half of the carbon offsets held by energy company Centrica on behalf of its UK business and residential customers have such a poor reputation that the EU banned them from its own emissions trading scheme in 2013. Centrica, which owns British Gas, says it is committed to a cleaner and greener future. Like lots of companies involved in fossil fuels, Centrica compensates for its own pollution and boosts its climate credentials by purchasing credits from projects around the world that reduce or avoid greenhouse gas emissions. This is called offsetting, and typically involves things like tree planting or nature...