Option 1 - Tell Congress to pass the FORESTS Act
Option 2 - Buy double the carbon offsets you need and buy from reputable sources
The US interior Department is increasing the cost of drilling on Federal lands.
Royalty rates for drilling haven't changed since 1920, and with this decision, they jump from 12.5% to 16.7%.
Minimum auction bids rise from 2$/acre to $10/acre and bond sizes for drilling companies increase as well.
There are currently ~3.5 million abandoned oil and gas wells in the U.S. alone.
Carbon offsets at Tradewater
Avoiding companies buying offsets without cutting emissions
Demand for offsets shrank in 2022 but has rebounded this year.
One recommendation for improving nature-based climate solutions is increasing the scale from individual projects to a whole nation or territory