Oil and gas companies are pushing a net-zero narrative, but their pledges may not live up to true carbon neutrality. Carbon neutral oil and gas is largely reliant on the murky world of carbon credits and carbon offsets. The lack of standardization and transparency within the carbon credit market has drawn a lot of criticism. The energy transition, net-zero pledges, and increased investor pressure on oil and gas companies to slash emissions have given rise to the latest trend in energy markets—the arrival of the ‘carbon neutral’ oil barrel and the ‘carbon neutral’ liquefied natural gas (LNG) cargo. Oil and gas firms have started to offer those so-called carbon neutral oil and gas shipments. And buyers are lapping them up as they themselves are also pressured by investors and their own carbon reduction pledges to procure lower-emission energy supply. Energy firms offering carbon-neutral LNG or oil cargoes say that […]