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Mitsubishi wants to be the world’s carbon broker

People walk past a silver wall with a red Mitsubishi logo on it.
Pedestrians walk past the front of Mitsubishi Motors Corp. headquarters office in Tokyo on Thursday, June 23rd, 2005. | Photo by Haruyoshi Yamaguchi / Bloomberg via Getty Images

Mitsubishi wants to be the world’s biggest dealer of carbon removal credits. Keep in mind that the company has its hand in many of the most polluting industries out there — from producing cars to natural gas, coal, petrochemicals and plastics. And carbon credits have become a popular way for corporations to keep on polluting while claiming to fight climate change.

This week, the company announced a joint venture to set up what it says is the world’s biggest portfolio of carbon removal credits. The credits represent tons of carbon dioxide taken out of the atmosphere through a range of still contentious tactics for dealing with climate change.

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