BluForest Inc claims to be setting up REDD projects in Ecuador. It plans to generate carbon credits from 105,000 hectares of land in Ecuador.
Category: Ecuador
BluForest Inc: “Creating a sustainable, profitable business that protects the world’s irreplaceable rainforests.” Really?
BluForest is a company that investors should avoid, as the market cap of this company has been massively inflated by the stock promotion.
Ecuador’s conflict between oil extraction, indigenous rights and REDD
Last month, the Government of Ecuador announced a new round of oil concessions covering a total area of almost three million hectares of indigenous peoples’ land. The area includes the territories of indigenous peoples who are involved in the government’s Socio Bosque scheme.
Indigenous Peoples speak out against California’s carbon offsets scheme: “You cannot trade pollution for nature”
An international delegation of indigenous leaders from Brazil, Mexico and Ecuador is currently in California to oppose California’s proposed carbon offset scheme. The scheme could allow companies in California to meet limits on greenhouse gas emissions by buying carbon credits rather than reducing pollution at home.