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Updated 4 months ago

What does it mean to retire carbon offsets?

Carbon offset units are purchased from domestic and international carbon markets and then retired. It’s important to retire offsets to ensure that the emissions reduction they represent is not double counted. Double counting refers to the same single greenhouse gas emission reduction or removal being counted more than once to show compliance with mitigation targets (possibly across different regulations). 

Refer to our public disclosure statement for more information on the carbon offsets retired.