By Chris Lang A US-based company called NIHT Inc has big REDD plans for the provinces of New Ireland and East New Britain in Papua New Guinea. So far, the NIHT Topaiyo REDD+ Project covering an area of 10,443 hectares of forest, has been registered by Verra. The project is in the south of the…
Category: Papua New Guinea
Carbon offsets: Australian airline Qantas makes misleading claims about “empowering rainforest communities”, while making the climate crisis worse
By Chris Lang In October 2019, Andrew Penman, a journalist at The Mirror contacted REDD-Monitor. I’d been in touch with Penman a few times in the past, mainly because he’s one of the few journalists in the UK who has regularly exposed the boiler room scams selling carbon credits as investments to retail investors.
Robert Sedgwick: The solicitor who helped London Capital & Finance sell mini-bonds also helped scammers sell “carbon benefit units” from the April Salumei REDD project in Papua New Guinea
By Chris Lang In January 2019, an investment scheme called London Capital & Finance went into administration after an investigation by the Financial Conduct Authority.
Qantas is selling carbon offsets from Papua New Guinea’s April Salumei REDD project to offset its flights. Meanwhile, the PNG government just announced that the project was halted over landowner disputes
“Airlines are taking action on climate change, but we need to do a better job of telling people that.” That’s Alan Joyce, the Chief Executive Officer of Qantas Airways, in a statement he put out last week. “I’m proud of what Qantas, and our customers, are doing,” he adds.
Interview with Kate Heller, VCS Communications Manager, about April Salumei: “We cannot speak for the other ‘credits’ issued by the project”
In 2011, a Swiss company called World Markets AG bought five million “carbon benefit units”. They came from the April Salumei REDD project in Papua New Guinea. World Markets sold the “carbon benefit units” at a profit of over US$5 million.