Shell Is Selling ‘Carbon Neutral’ Fossil Fuels Again
- Gas traders offset emissions with credits under new guidelines
- Industry standards don’t restrict use of controversial offsets
This article is for subscribers only.
Emboldened by new industry guidelines, natural gas companies are renewing their efforts to sell “carbon neutral” fossil fuels, a controversial practice of offsetting a shipment’s emissions to shrink its environmental impact.
Shell Plc delivered roughly 70,000 tons of liquefied natural gas to Taiwan in a deal announced last week, the first shipment certified as “greenhouse gas neutral” under a new standard developed by the International Group of Liquefied Natural Gas Importers.