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Big Oil’s Net-Zero Plans Show the Hard Limits of Carbon Offsets

As more companies turn to offsets to lower their environmental impact, the total volume they need will quickly exceed the planet’s ability to provide them.

Royal Dutch Shell was was the first oil major to make a commitment to cutting the emissions from its customers.

Royal Dutch Shell was was the first oil major to make a commitment to cutting the emissions from its customers.

Photographer: Jasper Juinen/Bloomberg

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If you can’t pay the interest on your debts, an IOU isn’t going to be enough to save you from bankruptcy.