This timber company sold millions of dollars of useless carbon offsets
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.
Bloomberg
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