A company now has to be considered bankrupt if it cannot undertake its trade and be net carbon neutral when doing so.
So, let us consider the activities of an LLP. There is the heating of a house in Ely. The transport of the workforce to conferences and the like, using those jet planes. The internet is 2 or 4 or 8% or whatever number is claimed now of all electricity use – much of which has carbon emissions. Breathing out produces CO2.
So, an LLP doing nothing but campaign upon climate issues is carbon bankrupt. For we’ve already said that offsets are not to be allowed.
We’ve also already said that it must be each component of the economy that is net zero, not the economy as a whole. So, that forests absorb or whatever is not allowed.
So, the P ³ is carbon bankrupt then.