'Bugged by reality': Fortescue to avoid purchasing carbon offsets unless required by law

Published: 09 September 2024
on channel: Sky News Australia

5,577

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Australian businesses are shifting away from purchasing voluntary offsets.

Iron ore giant Fortescue is the latest to conjure doubt over their effectiveness in reducing emissions, putting them in unison with companies such as BHP, Woolworths and Telstra.

Geologist Ian Plimer told Sky News host Rita Panahi Fortescue have been “bugged by reality.”

“What’s behind it is reality,” said Mr Plimer.

“We once had a good system.

“We’ve ended up having a lot of pain and now we are saying ‘we don’t want this voluntary pain’.

“Fortescue have joined many other companies who are looking at the reality and the reality is costs. We are imposing massive additional costs by having these carbon offsets which allegedly do something to save the planet.”

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