As we’ve stated many times, we’re not fans of so-called “net zero.” Net zero emissions refer to balancing the amount of greenhouse gases (GHG) emitted into the atmosphere with an equivalent amount of GHG removed, resulting in no net increase in atmospheric GHG concentrations. Scope 1 and 2 emissions are part of the broader framework…
In August 2023, MDN told you about a Cambridge University study published in the journal Science exposing the sale of carbon credits as a scam (see Cambridge Study Finds Carbon Offsets Using Trees is a Scam). With the carbon credit scam exposed, big companies like Shell, Nestle, and Gucci exited the market, refusing to spend…
Maybe the oil and gas industry will get the last laugh after all. We’ve written many posts comparing carbon offsets/credits to the practice of the Catholic Church selling indulgences in the Middle Ages to absolve you of your sins (see our stories here). But that doesn’t really work. Your sins don’t magically go away if…
BKV Corporation (BKV), a driller in both the Pennsylvania Marcellus and Texas Barnett shale plays (majority-owned by Banpu, Thailand’s largest coal company), announced yesterday that it has signed a contract for the sale and purchase of Carbon Sequestered Gas (CSG) with Kiewit Corporation, one of North America’s largest construction and engineering companies. According to the…
Last August, MDN told you about a new Cambridge University study published in the journal Science exposing the sale of carbon credits as a scam (see Cambridge Study Finds Carbon Offsets Using Trees is a Scam). After the carbon credit scam was exposed, big companies like Shell, Nestle, and Gucci exited the market — refusing…
An article appears today in the Pittsburgh Post-Gazette detailing how some people already are (or are planning to) make money from plugging orphaned and abandoned oil and gas wells in Pennsylvania (and elsewhere). It involves the same old cockamamie scam of carbon tax credits. The rough outline is this: Companies measure how much methane is…
Last August, MDN told you about a new Cambridge University study published in the journal Science exposing the sale of carbon credits as a scam (see Cambridge Study Finds Carbon Offsets Using Trees is a Scam). After the carbon credit scam was exposed, big companies like Shell, Nestle, and Gucci exited the market — refusing…
Well, you knew it was just too good to be true, right? When Santa Biden promised *billions* of dollars of “government” (i.e., your) money to prime the pump on establishing regional hydrogen hubs, with at least one of those hubs using natural gas as the primary feedstock to produce the hydrogen (which happened with the…
A recent article in the Wall Street Journal focuses on BKV Corporation (Banpu Kalnin Ventures), the American arm of Banpu (96% owned by Banpu, Thailand’s largest coal mining company). The article pulls the curtain back and gives us a better view into what happened with the company’s aborted plan to launch an initial public offering…
Last Friday, MDN told you about a new Cambridge University study published in the journal Science exposing the sale of carbon credits as a scam (see Cambridge Study Finds Carbon Offsets Using Trees is a Scam). Now that the carbon credit scam has been exposed, big companies like Shell, Nestle, and Gucci are exiting the…
Carbon offsets are the same thing as carbon taxes. A carbon offset refers to reducing so-called greenhouse gas emissions by buying a credit from someone who plants trees or agrees not to cut down trees. A company gets to keep on polluting as long as it pays a tax to do it–pretending they are helping…
We’ve often compared carbon dioxide (CO2) offsets, or carbon credits, as akin to the practice of the Catholic Church selling indulgences in the Middle Ages to absolve you of your sins (see our stories here). But that doesn’t really work, does it? Your sins don’t magically go away if you pay money. It’s the same…
On several occasions, we have compared the current abdication of rational thinking in the global warming debate to the Dark Ages and the Catholic Church’s policy of selling indulgences to sinners. Got a few big sins you’ve committed? No problem. Just pay your money to a priest, and it gets magically absolved. Compare that with…
A new industry has popped up to buy and sell so-called carbon credits, allowing companies that reduce carbon dioxide from the atmosphere to offer credits for sale, and companies that “pollute” the atmosphere with CO2 to buy those credits, offsetting their evil ways. We think the Catholic practice of buying and selling indulgences for sins…
S&P Global Platts and Xpansiv have joined forces to launch a new benchmark for methane performance in natural gas production in the United States. Methane Performance Certificates (MPCs) allow a U.S. shale producer to sell instruments representing zero methane emission natural gas production. Our immediate impression was to think of medieval-era indulgences sold to atone…
Three weeks ago MDN told you about Equitrans’ plan to buy indulgences, er, a, carbon offsets for its 303-mile Mountain Valley Pipeline (MVP) project (see Mountain Valley Pipeline Announces Plan to Offset Carbon Impacts). MVP will purchase more than $150 million of so-called carbon offsets during its initial 10 years of operations. As we said…