In 2008, the South African company Sasol, one of the biggest corporate carbon emitters in the world, applied to the UNFCCC for the right to produce and sell carbon credits. The company claimed that it needed a new source of fuel and had the option of choosing between opening a new coalmine and building a pipeline to the gas fields of Pande and Temane in Inhambane, Mozambique. However, Sasol had been considering building a profitable pipeline since 1998, well before the option of selling carbon credits was even on the table. Environmental organizations protested against this decision on the basis that the company had already planned to make this investment. According to SASOL the natural gas pipeline CDM project was terminated in 2010 based on diminishing returns brought about by increasing methodology requirements and concerns pertaining to our intellectual property. |