"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.
In practice, that means Shell and the purchaser, CPC Corp., bought carbon credits to offset the 190,000 tons of CO2 emissions generated by the LNG from production to combustion — similar to what the company did when it first marketed “carbon neutral” LNG in 2019."
Stephen Stapczynski and Sheryl Tian Tong Lee report for Bloomberg Green February 1, 2023.
SEE ALSO:
"How to Sell ‘Carbon Neutral’ Fossil Fuel That Doesn’t Exist" (Bloomberg)
