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Swiss carbon project developer South Pole announced Friday that it is pulling out of its flagship Kariba REDD+ project in Zimbabwe, a week after it was...
Offsetting is hailed as a fix for climate catastrophe—but the world’s biggest carbon firm, South Pole, sold millions of worthless credits to Gucci, Porsche, Nestlé, and many others. Heidi Blake reports.
Voluntary carbon markets have shrunk for the first time in at least seven years, as companies including food giant Nestle and fashion house Gucci reduced buying and studies found several forest...
(Bloomberg) -- Renat Heuberger gathered his co-founders on a glacier in the Swiss Alps for a celebration. The half-dozen men behind South Pole, the world’s leading seller of carbon offsets, raised their beers around a crackling fire: Business was booming and the Zurich firm’s valuation was hurtling toward $1 billion, making it one of the first “carbon unicorns.” But the claims underpinning South Pole’s success have been losing ground like the ice underfoot that day two summers ago. The company’s biggest moneymaker is a mega-project in Zimbabwe called Kariba, which South Pole claime...
How often communities repave roads is a complex process of computer analysis, financial health and the expectation of residents for smooth rides.