The phrase "attempt to offset the" is correct and usable in written English.
It can be used when discussing efforts to counterbalance or mitigate a negative effect or situation.
Example: "The company made an attempt to offset the environmental impact of its operations by investing in renewable energy sources."
Alternatives: "try to counteract the" or "make efforts to balance the".
The transparency bill is seen as an attempt to offset the political damage these have caused.
As in Brixton, it was a local attempt to offset the collateral and reputation damage caused by the riots.
Rhone-Poulenc has been divesting itself of assets in an attempt to offset the $2 billion cost of acquiring Rorer.
The company raised its prices in an attempt to offset the impact of the weak pound, which hit a 23-year low against the dollar last week.
We also expect the Fed to take steps to strengthen its forward guidance on rates, in an attempt to offset the impact of its taper action on long-term borrowing costs.
The underlying theory is that the expectation of faster consumer price inflation causes prices to rise more rapidly as people attempt to offset the anticipated erosion of their purchasing power by spending more on goods and services.
It's attempting to offset the burden of U.S. sanctions on Venezuela's state oil company by helping the Maduro regime refine its heavy crude.
The present study herein attempted to offset the anatomical landmark position by using a skin marker displacement as an alternative to the compensation method with joint angles.
Fairfax is attempting to offset the decline in newspaper revenues by diversifying its assets, which include Macquarie Media's radio stations 2GB, 2UE and 3AW, Life Media & Events and the video streaming service Stan.
In 1994 Poland unveiled three levels of personal income tax (21 percent, 33 percent, and 45 percent; in 2000 reduced to 19 percent, 30 percent, and 40 percent), attempting to offset the new burden with a simultaneous program of investment tax relief.
REUTERS BREAKINGVIEWS BNP Said to Plan Merger of American Units | The Financial Times reports: "BNP Paribas is planning a full-blown merger of its U.S. operations as it attempts to offset the impact of threatened US regulatory reforms for foreign banks, according to people familiar with the project".
