Principle “For a responsible circular approach to carbon accounting by the fossil industries”
To have a supranational resolution adopted at COP 26 aimed at making the initial producers of fossil carbon (gas, oil, coal) responsible for the life cycle of the extracted carbon.
-> Each ton of fossil carbon extracted must correspond to another ton of biospheric carbon geologically immobilized at the same time.
Countries and companies that produce fossil carbon are responsible for returning equivalent amounts of carbon extracted underground.
Failing to do so themselves, they entrust this to specialized providers or they transfer this responsibility to buyers of their products.
