OIL giant Shell has reportedly joined the list of companies pulling back from the voluntary carbon market – joining other major companies like Nestle.
Several media outlets have reported the company’s “quiet withdrawal” of its plan to spend US$100m on purchasing carbon credits each year.
The move from Shell follows other companies, including meat supply chains, who have moved away from purchasing carbon credits to make claims, like carbon neutral.
Most of the companies who have moved away from purchasing credits say they are re-directing funds into de-carbonising their own supply…
