The iron ore giant says the public is being misled into believing that low-quality carbon offset schemes will lead to net zero,despite evidence that only reducing fossil fuels will work.
Carbon developers descended on rural Australia 10 years ago promising big money and an easy fix to complex problems. Today,farmers are crying foul.
The nation has made a multibillion-dollar bet that carbon locked in desert scrub will offset emissions elsewhere,but doubters - from scientists in the city to the farmers on the land - are growing.
Mounting doubts that carbon offsets may not stand up to scrutiny have driven an exodus from the federal government-managed system.
As countries continue to pump planet-warming pollution into the skies the financial world is racing to fund the emerging field of carbon dioxide removal.
Forests on the North Coast are earmarked for a national park to protect “the best patch of koala habitat in the world”,but the area is still being logged in epic proportions.
Professor Ian Chubb led the review of Australia’s lucrative carbon credits market and he’s far from happy with the conduct of a government agency at the middle of it.
Fossil fuel producers are buying large stakes in carbon companies and land to run their own carbon offset projects. Experts and insiders want that banned.
Hundreds of pages of previously confidential material reveal the regulator responsible for managing billions of dollars in taxpayer funds,as well as millions of carbon offsets,has serious governance issues.
Removing carbon from the atmosphere to save us from climate change is a controversial notion,but faith is growing in some new technologies.