[ELI5] – How does selling Oil and Gas assets to another company reduce net emissions?

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[ELI5] – How does selling Oil and Gas assets to another company reduce net emissions?

In: Earth Science

Because when you sell assets, they are no longer yours.

So if you own an oil rig, and asset, and then sell it to someone else, they have it now.

They then own its emissions, you no longer own the emissions. So your emissions numbers go down, even if the total amount of emissions in the world hasn’t really changed.