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'We Expected Action Beyond Rhetoric': Climate Advocates Unimpressed by Morgan Stanley Net-Zero Announcement

Originally published at http://www.commondreams.org/news/2020/09/22/we-expected-action-beyond-rhetoric-climate-advocates-unimpressed-morgan-stanley-net

The term “net zero” also describes the average client’s 401k balance once Morgan Stanley’s blood funnel of fees has sucked it dry.

One favorite corporate “net zero” trick is to buy up renewable energy certificates in Texas where these certificates are nearly free because Texas generates lots of renewable energy, and then claim that it offsets peak-load power in New Jersey.

The second stunt is to plant a bunch of 4 inch high trees in a field right next to a mature forest which is being burned down.