this post was submitted on 12 Dec 2023
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What? Government incentives drive company decisions all the time. The US highway system, EV, semiconductors, oil, pretty much every major development in modern society is backed by government incentives.
Big farm companies will engage in "burp reduction," gain carbon tax credits for reducing greenhouse gas emissions, then sell them to fossil fuel companies for a huge profit. Any minor benefit immediately becomes a net negative for the environment overall.
https://www.reuters.com/sustainability/canada-offer-incentives-cattle-farms-reduce-methane-emissions-2023-12-10/
"...beef cattle operations with an opportunity to generate offset credits that they can sell."
This creates a market for selling beef cattle credits. They have to sell the credits to someone. Do you think a company that is also engaging in these incentives would buy the credits? Or maybe the credits would be purchased by companies that aren't helping the environment? It's the second one, btw.