In this article, Elia Apostolopoulou offers a political ecology critique of the emergence and evolution of biodiversity offsetting in England in the context of the global economic crisis and governmental support for urban development. By giving emphasis to offsetting’s social impacts, Apostolopoulou discusses how the policy aimed to reframe nature as a stock of biodiversity and how it has been intertwined with the neoliberal restructuring of planning and environmental legislation. The author concludes that offsetting has been used to foreclose public debate about the profound social-ecological transformations that extended urbanization brings about, by reproducing the neoliberal dogma that There Is No Alternative (TINA) to the continuing loss of biodiversity due to economic development.