> A Shell-operated plant reported millions of carbon credits tied to CO₂ removal that never took place but were used by Canada’s largest oil sands companies
That seems to point to a problem with administration than the mechanism itself. It's like pointing to the fraud surrounding PPP loans and concluding the government shouldn't provide assistance in an emergency.
The vast majority of carbon credits issued are fraudulent:
> Revealed: more than 90% of rainforest carbon offsets by biggest certifier are worthless, analysis shows
https://www.theguardian.com/environment/2023/jan/18/revealed...
> A Shell-operated plant reported millions of carbon credits tied to CO₂ removal that never took place but were used by Canada’s largest oil sands companies
https://archive.is/xH4NE
https://www.ft.com/content/93938a1b-dc36-4ea6-9308-170189be0...