2012-04-24-130504_889x809_scrot

Twitter

Facebook

Twitter

Facebook

Leave a Reply Cancel reply

“Quite simply the input is cash from us to plant the forests and the output is carbon credits from the trees, which we can then trade. It involves a lot of land… A forest could have a very long life and so companies could sign up to buy carbon offsets from us for 30 years. Effectively, we can securitise the carbon, allowing companies and governments to buy into it to offset their emissions on a long-term basis… If we get this business right, it will be huge.”

— Vincent Tchenguiz, property entrepreneur, September 2007 (2011: Tchenguiz was arrested in a probe into the 2008 collapse of Kaupthing, an Icelandic bank)