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The report argues that fossil fuel supermajors use the voluntary carbon market (VCM) as a strategic pillar to maintain a green image while continuing carbon-intensive operations. It details how these companies and trade associations like IETA and API lobby for weaker credit quality standards and increased flexibility in offsetting Scope 3 emissions. The document specifically critiques the governance of the Integrity Council for the Voluntary Carbon Market (ICVCM) and the Voluntary Carbon Markets Integrity Initiative (VCMI), alleging that the inclusion of industry representatives in decision-making roles creates significant conflicts of interest that risk diluting integrity standards.

The report examines how the EU sustainable taxonomy, originally designed to be science-based, has been influenced by industry lobbying to potentially include fossil gas and nuclear energy. It argues that gas is not a sustainable transition fuel due to methane leaks and carbon lock-in, and that nuclear energy fails the 'do no significant harm' (DNSH) principle due to waste and safety risks. The document details the scale of lobbying efforts, identifying hundreds of meetings between EU officials and industry representatives, and criticizes the EU Commission for deferring decisions on these technologies to future legislation and relying on flawed technical reports.