Worried Your Spending Is Hurting Earth? Get an Offset Visa Card

(Bloomberg) -- Keep spending, save the environment.

That’s the pitch from Mogo Inc., a Canadian fintech company that’s offering a prepaid Visa card that includes a program to cut carbon emissions. Mogo will offset one pound of CO2 for every dollar spent using the card -- a first for the country, according to the company. Linking a spending account to the prepaid Visa can help Canadians control their spending too, Vancouver-based Mogo said.

Worried Your Spending Is Hurting Earth? Get an Offset Visa Card

“Financial health and the health of the planet are closely linked,” Chief Executive Officer David Feller said in a statement Friday. “Overspending is not only one of the biggest reasons why Canadians are struggling financially, but overconsumption is also directly linked to climate change.”

Some 72% of carbon emissions can be linked to individuals’ consumption, according to the company.

©2020 Bloomberg L.P.

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