Posted on 10/07/2021 12:46:37 PM PDT by Renkluaf
SINGAPORE: China‘s refining giant Sinopec Corp said on Wednesday it has jointly certified the country’s first carbon-neutral crude oil cargo with shipping giant Cosco Shipping and China Eastern Airlines . The 30,000-tonne cargo was produced by Sinopec in Angola and shipped by Cosco Shipping to an east China-based Sinopec refinery for processing, Sinopec said. To offset the carbon dioxide produced during the process from crude production to shipping to consumption by vehicles and airplanes, the three state firms bought Chinese Certified Emissions Reductions credits.
These credits that will go to investing in carbon-reducing projects such as tree planting, solar, wind and biomass power generation in China.
https://energy.economictimes.indiatimes.com/news/oil-and-gas/sinopec-cosco-shipping-china-eastern-certify-chinas-first-carbon-neutral-oil-cargo/86449651
Quite apart from the fact that carbon credits such as these are worthless, what about the double counting involved?
All of the solar, wind and biomass power talked about will be treated as carbon free anyway, so how can China claim that this oil is too?
You will recall that President Xi promised a few months ago that China would be “carbon neutral” by 2060, carefully avoiding any promise of zero emissions.
Now we know that it will all be smoke and mirrors, with real world emissions being masked by dodgy accounting practices.
Porsche already patented a process to make gasoline from CO2.
They Chicoms are just laughing at us.
Plant trees and burn wood chips. Yup, that will change the world’s climate.
China bought carbon credits from itself. Lol.
Indulgences from the church of the Communist party!
They reinvented silicone oil?.....................
Indeed. When one sees “carbon credits”, think “we pay money to create CO2 as we wish, but screw you peons”.
Any company claiming carbon credits should be targeted for extermination following world-wide Revolution II.
That sounds remarkable.
I would wonder why more industries are not using this method.
Maybe it’s relatively new, and like Fracking, takes a long time to become mainstreamed.
Perpetual motion at last!
> These credits that will go to investing in carbon-reducing projects such as tree planting, solar, wind and biomass power generation in China. <
Does anyone over the age of 10 actually believe that? The money will be quietly refunded to the companies, or it will go to ChiCom military projects.
Why doesn’t anyone ever go after BIG COLA??
They actually PUT CO2 IN THEIR PRODUCT!!!
😂😂😂😂😂🐴💩 If they werent algore certified carbon credits it doesnt count.
how is Al Gore’s
carbon exchange doing these days?
Is that naturally found silicon? Guess we would have to ask carol doda. 😳
Isn’t all oil carbon neutral if you buy the carbon credits?
Leave it to China to claim another invention.
It’s always entertaining...
Used in new car engines, it’ll require you have an oil change every 150 miles.
Car owner: “The interior of my car smells like peanuts when I’m driving. Can you do anything about that?”
Service tech: “Yes sir. We have these little pine tree air fresheners. They’re only $14.95, installed. It’ll last until your next oil change.”
They learned from Al Gore
CCP Accepted Acounting Practices
( commie cooked books math, kinda like dems 7 trillion= zero $)
Not certain just how many here would know who she was.
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