IMO, the answer should be
(C).
The original sentence is not a complete sentence, it is a run on.
When living organisms take carbon from the environment, (an independent clause must follow).
But, in the original sentence, 'preferentially taking up the lighter carbon isotope' is just a phrase and lacks a subject and a verb. Hence, we can clearly reject A, B answer choices.
Now, let's move on to tougher answer choices. To eliminate D, E we will have to dive into the meaning aspect of the answer choices.
Let's focus on 'lighter carbon isotope having slightly weaker chemical bonds' in choice D- From this phrase, we can infer that from a pool of several 'lighter carbon isotopes' that has a variety of 'carbon isotopes', living organisms choose to 'take' those isotopes that have weaker chemical bonds. Saying this is illogical. The author intends to say that living organisms choose to take lighter carbon isotopes and these lighter isotopes have weaker chemical bonds.
Hence, reject D.
(I understand, that it is tough to reject this answer choice. And, believe me, it is much tougher to explain why this choice is incorrect.

I hope I am able to convey my point.)
We can reject choice E on similar grounds.
The answer is C.