Carbon offsets are unreliable, fraud-ridden financial tokens that often fail to make any environmental impact at all. And if Mark Carney gets his way, they’re going to be Canada’s next big industry. In his carbon reduction pitch, Carney pledged himself to “developing and integrating a new consumer carbon credit market”… Nature adds a layer of compilation to human greed and negligence: in B.C., wildfires took out some trees that were supposed to be the basis for Mosaic Forest Management’s offset production scheme in 2023. That’s the least of their problems, though. The company later failed an audit of its emissions reduction measures by a third party, and is now fighting for credibility. Many of the trees… claimed the auditor, wouldn’t have been logged regardless due to their [location]. …still in nascent form, Canada’s federal offset program has generated zero credits from its 32 projects.