Solar, Gas Company Fined for ‘Greenwashing’ Carbon Neutral Credentials

An aerial view of solar panels at the Sutter Greenworks Solar Site in Calverton, N.Y., on Sept. 19, 2021. Bruce Bennett/Getty Images

In a nation-first, Australia’s corporate watchdog has fined solar and gas firm Tlou Energy $53,280 (US$34,625) for “greenwashing” and claiming its electricity production was carbon neutral.

Greenwashing is the practice of misrepresenting the extent to which a product, service, or investment fund is environmentally friendly, sustainable, or ethical.