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This timber company sold millions of dollars of useless carbon offsets

This timber company sold millions of dollars of useless carbon offsets

Ben Elgin

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Jim Hourdequin is one of the planet’s biggest sellers of carbon offsets—the widely used instruments that are supposed to act as a balm for the rapidly overheating climate. His company earned $US53 million ($72 million) from these environmental transactions over the past two years.

But now the 47-year-old timber executive is calling out the entire system, including some of his own projects, as broken and shortchanging the climate.

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Original URL: https://www.afr.com/companies/energy/this-timber-company-sold-millions-of-dollars-of-useless-carbon-offsets-20220318-p5a5uv