Harvard set up worthless carbon offsetting scheme that sold millions of junk credits
- TBIJ
- 20 November 2024
After establishing the scheme in 2012 on land it bought in Uruguay, Harvard sold the land across two deals in 2017 and 2019 worth a combined $450m. But the project is still active today and has sold enough credits to have supposedly offset over 5 million tonnes of CO2 emissions.