Abstract
The Federal Trade Commission (FTC) has agreed to probe the growing number of firms selling carbon offsets to individuals. Carbon offsets are credits that consumers purchase to compensate for the carbon dioxide emissions from their driving, air travel, electricity use, and other activities. Carbon-offset companies are expected to use the credits to fund tree plantings, support renewable energy firms, and engage in other projects that offset a certain amount of greenhouse gas emissions. The number of companies selling carbon offsets has grown rapidly in the past few years with almost no regulation. The firms charge widely different prices for each ton of CO 2 offset. Critics say some of the companies are failing to invest in legitimate carbon-offset projects. Last month, Rep. Edward J. Markey (D-Mass.), chair of the House Select Committee on Energy Independence & Global Warming, requested the probe, and on Aug. 9, FTC announced a review of the ...
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
