Energy Transition Insights – Offsets: why you should look but not touch

March saw Chevron Singapore Pte Ltd launching a carbon offset programme for its Singaporean Caltex brand. It’s a neat idea. Customers feeling queasy about their vehicle emissions can use their petrol pump loyalty points to offset their greenhouse gas footprints through investments in carbon reduction schemes approved by the Verified Carbon Standard (VCS), an independent verification programme. Offset schemes such as this hold considerable promise for companies that cannot immediately switch to zero-carbon operations.