Offsetters

In 2005, two professors from the University of British Columbia decided that many of the companies that offer offsets have huge overhead costs/profit margins and very little of the funds generated from offset purchases were used in the projects.[2] They also found that many obtained offsets from questionable sources that may not provide real reductions in the amount of CO₂ in the atmosphere.

Offsetters was originally conceived as a not-for-profit organization. In July 2015, Offsetters acquired Forest Finest Consulting GmbH, a leading German-based sustainable agro-forestry company, and CO2OL Natural Carbon Collection, a German-based voluntary carbon project developer and retailer.[3] In October 2015, the Offsetters became the company NatureBank Asset Management Inc. (“NatureBank”) and operated Offsetters Clean Technology Inc. as a child company.[4]

Today Offsetters still operates under the parent company NatureBank.

Offsetters invest in projects that take greenhouse gases out of the atmosphere or stop them from being emitted in the first place. All of the purchases for offsets are invested into carbon offset projects. By installing energy efficient heating systems on a large scale their projects offset the emissions from the client's activities, helping them to become climate neutral.

In order to stabilize the Earth's climate, Offsetters believe a reduction in global emissions by more than 70% is needed. The projects that are initiated and promoted by Offsetters therefore aim to reduce greenhouse gas by 70% or more, and should sustain themselves once started.

• Offsetters