An investigation published today in the Wall Street Journal reveals that more than 140 corporations were allowed to claim carbon offsets credits from one of the world’s largest projects hosted by Verra in Brazil, despite the fact that the project was under investigation for claims regarding its legitimacy. Corporations such as BlackRock, Mastercard, and Phillip Morris International were allowed to retire and count these credits towards their emissions-reducing activities while the project was suspended. Evidence suggests that the project may have been illegitimate from its establishment, due to claims that…
Read MoreNew WSJ investigation reveals multinational corporations retired offsets from Verra-run carbon offsets project in Brazil while “under investigation”
