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Europe’s largest oil and gas company Shell was accused in an investigative report from Greenpeace Canada of selling millions of carbon credits tied to CO2 removal that never took place. Let’s look at what Shell did, how carbon offsets work, and how environmentally beneficial they actually are.
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Oil fell after Iraq said it won’t agree to more output cuts at the next OPEC+ meeting, raising the stakes in the run-up to the gathering on June 1. Brent traded below $83 a barrel after losing 1.3% on Friday, while West Texas Intermediate was near $78. Oil Minister Hayyan Abdul Ghani told reporters at the weekend that Iraq has cut enough, although it wasn’t ...