Big oil and gas companies in China and elsewhere are using low-quality carbon offsets to “greenwash” their imports of natural gas while failing to make strong emissions cutting commitments, environment group Greenpeace said on Monday. Firms like PetroChina and CNOOC Gas and Power have signed long-term contracts with Shell to buy “carbon neutral” liquefied natural gas (LNG), which uses “forest offsets” to balance out carbon emissions. Greenpeace, which has long opposed fossil fuel producers counting carbon offsets towards their emissions reduction goals, said the “carbon neutral” branding was misleading the public. “For oil and gas companies in particular, carbon offsets are a smokescreen t
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