By Chris Lang London Carbon Credit Company was exposed as a scam by Daily Mirror journalist Andrew Penman in August 2012. Last month, Penman reported that the company has been wound up in the public interest in the High Court in London.
Author: Chris Lang
Some questions for Charles Stephenson, CEO of Advanced Global Trading
Earlier this month, REDD-Monitor wrote about a Dubai-based company called Advanced Global Trading. AGT is yet another company that sells voluntary carbon credits as an investment. REDD-Monitor asked whether the company was a boiler room, a Ponzi scheme, or both.
What more evidence does the World Bank need that carbon markets are not working?
Rachel Kyte is Vice President for Sustainable Development at the World Bank. Her solution to climate change? Carbon markets. No surprises there, then.
Matthew Ames, director of carbon credits company Forestry for Life, charged with £1.2 million fraud
Forestry for Life was a forest carbon trading company set up in 2009 with the aim of raising US$5 billion by 2013. The plan failed dramatically, and this year the company’s founder and director, Matthew Ames, appeared at the Old Bailey, charged with fraud.
Debate: Should California cap and trade use forestry offsets?
The debate about whether California should allow REDD carbon offsets in its cap and trade scheme (AB 32) continues. Over the weekend, the Sacramento Bee published two opinion pieces, one opposing REDD credits and one in favour.