Shell Has Sold Millions of ‘Phantom’ Carbon Credits

• Shell’s Quest carbon capture project received massive subsidies from Canadian taxpayers (93%) and sold millions of carbon credits for captured emissions, but the project only captured half.

• A deal with the Alberta government allowed Shell to sell credits for double the CO2 captured.

• These “phantom credits” don’t reflect real emissions reductions and hinder climate action.

• Greenpeace calls for a cap on greenhouse gas emissions from Canada’s oil and gas sector.

Read more at the EuroNews website.