The carbon offset market has always struck me as the modern day equivalent of the sale of indulgences: the well off use their ill-begotten riches to purchase absolution for their sins so they don't have change their (often systemically) harmful behavior.
An article in the September/October 2024 edition (not yet online) of Adirondack Explorer only reinforces that perception.
Offset developer Finite Carbon... is behind most of the publicly available deals in the [Adirondack] Park and sells carbon credits to credits to companies looking to neutralize their pollution, notes Explorer.
The kicker: Finite Carbon is owned by oil and gas giant BP, the world's sixth most polluting company.
Explorer adds that Finite now has 60 offset projects in the Park totalling more than 370,000 acres, some 6% of all the land inside the Blue Line.
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