Beta Commodities Limited was a boiler room operation that cold called retail investors and scammed them into buying carbon credits as investments. The company’s director James Michael Cable has now been disqualified as a director for 14 years.
Author: Chris Lang
“I am Chut Wutty”: New film banned in Cambodia
By Chris Lang The Cambodian government has banned the screening of a new film, “I am Chut Wutty”, about a Cambodian environmentalist murdered in April 2012. As a result, the Cambodian version of the film has been watched 12 thousand times on Facebook.
What does APP’s massive new pulp mill mean for the company’s “zero deforestation” policy?
On 5 February 2013, Asia Pulp and Paper announced a Forest Conservation Policy. This included an immediate stop to clearing forest in any concessions controlled by APP and its suppliers. It was a dramatic change in policy for a company that is responsible for destroying vast areas of forest in Indonesia.
Prestige Investment Group Limited: More red flags than a Chinese military parade
Over the weekend, someone called Lee Hales contacted REDD-Monitor. Hales wants to speak to investors who have been scammed into buying carbon credits as investments. I wouldn’t trust Hales, or his company Prestige Investment Group Limited, as far as I could throw them.
REDD myth no. 3: To address climate change we have to reduce emissions from deforestation
“We have to reduce emissions from deforestation if we’re to prevent catastrophic climate change,” WWF argues on its website. At a first glance, it seems like a no-brainer. Forests store an awful lot of carbon. When forests are cleared for cattle ranching, or to make way for oil palm plantations, the carbon dioxide goes back…