Chevron's Gorgon gas export plant in Australia has received substantial carbon credits despite rising emissions, igniting concerns about the country’s safeguard mechanism aimed at industrial climate polluters. This mechanism, designed to ensure accountability among the largest facilities, has seen limited enforcement, allowing emissions to soar. Although recent data shows a slight overall decline in emissions from major corporations after policy changes, significant disparities exist, with many facilities, particularly coal mines, increasing emissions. Activists point to existing loopholes that hinder the effectiveness of Australia’s climate efforts, underscoring the need for a comprehensive review of these regulations.
Despite the introduction of the safeguard mechanism and subsequent revisions, many facilities continued to increase emissions, revealing significant loopholes that undermine effective climate policy.
Chevron's Gorgon gas export plant received millions in carbon credits while increasing emissions, illustrating the challenges in regulating major industrial climate polluters under Australia's current framework.
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