EasyJet gives carbon offset reform a handy shove

Reuters · Reuters · last updated September 27, 2022 – 6:58 AM

EasyJet’s (EZJ.L) latest statement on climate change may end up being quite useful. The $2.5 billion short-haul airline says it plans to ditch attempts to offset its 2.7 million tonnes of annual greenhouse gas emissions via carbon-removing pursuits like planting trees. Good: even those well-disposed towards so-called offsets have flagged that they need to be accompanied by robust plans to cut emissions by 2050, which is not always the case. Offsets have also attracted heat for being flaky.

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