the retail giant for expressing opposition to the establishment of a standardized definition of carbon offsets. The (FTC) has been trying to update its Green Guidelines for corporates and had asked retailers including Walmart, to provide feedback on the matter.
- a group that hopes to make Walmart a “better employer, neighbor, and corporate citizen”, has condemned the store’s response that urges the FTC to keep the definition of carbon offsets flexible (read hazy) :
“Although some may urge otherwise, the Commission should resist the temptation to define what constitutes an eligible offset or REC.”
According to the retail watchdog, on the one hand and reluctance to accept a definition for offsets on the other, reeks of greenwashing.
There seem to be loopholes in Walmart’s argument as well – it argues that the FTC should refrain from setting concrete offset guidelines as there is lack of “widespread consensus about the precise contours of what constitutes a carbon offset or a REC”. But isn’t that exactly what the FTC is looking to rectify?
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