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CO2 compensation: How Shell sold millions of ‘phantom’ certificates

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Published: May 7th, 2024,
Last updated: May 28th, 2025

ccs kanada quest shell alberta
The Quest CCS plant in Alberta, Canada, is repeatedly criticized.

Shell sold millions of compensation certificates linked to CO2 removal projects for which no carbon capture and storage (CCS) occurred. As part of a subsidy program, the regional government in Alberta allowed the oil company to register certificates for double the emissions actually prevented by the Quest capture project near Edmonton, Alberta, between 2015 and 2021, according to the Financial Times. Subsequently, the subsidies were reduced and expired in 2022.

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