Based on a September 2021 survey, 87 percent of U.S. oil and gas firms were not currently purchasing or planning to purchase carbon credits or carbon offsets. A further 10 percent of respondents answered that they were not purchasing carbon credits and/or offsets, but were considering at least one of these options.
Carbon credit is a tradeable permit that allows a company to emit a certain volume of carbon dioxide or other greenhouse gases, while carbon offsets represent the production of sustainable energy or actions to counterbalance the use of fossil fuels.
Distribution of oil and gas companies planning to purchase carbon credits and/or carbon offsets in the United States as of September 2021*
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Share of respondents
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Dallas Fed. (September 29, 2021). Distribution of oil and gas companies planning to purchase carbon credits and/or carbon offsets in the United States as of September 2021* [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1278801/us-oil-and-gas-firms-opinion-on-carbon-credits/
Dallas Fed. "Distribution of oil and gas companies planning to purchase carbon credits and/or carbon offsets in the United States as of September 2021*." Chart. September 29, 2021. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1278801/us-oil-and-gas-firms-opinion-on-carbon-credits/
Dallas Fed. (2021). Distribution of oil and gas companies planning to purchase carbon credits and/or carbon offsets in the United States as of September 2021*. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1278801/us-oil-and-gas-firms-opinion-on-carbon-credits/
Dallas Fed. "Distribution of Oil and Gas Companies Planning to Purchase Carbon Credits And/or Carbon Offsets in The United States as of September 2021*." Statista, Statista Inc., 29 Sep 2021, https://www.statista.com/statistics/1278801/us-oil-and-gas-firms-opinion-on-carbon-credits/
Dallas Fed, Distribution of oil and gas companies planning to purchase carbon credits and/or carbon offsets in the United States as of September 2021* Statista, https://www.statista.com/statistics/1278801/us-oil-and-gas-firms-opinion-on-carbon-credits/ (last visited August 25, 2024)
Distribution of oil and gas companies planning to purchase carbon credits and/or carbon offsets in the United States as of September 2021* [Graph], Dallas Fed, September 29, 2021. [Online]. Available: https://www.statista.com/statistics/1278801/us-oil-and-gas-firms-opinion-on-carbon-credits/