In January 2019, an investment scheme called London Capital & Finance went into administration after an investigation by the Financial Conduct Authority.
Category: Papua New Guinea
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.
Does the April Salumei REDD project still exist? More questions for Stephen Hooper about his project in Papua New Guinea. And a reminder about the 14 still unanswered questions that REDD-Monitor asked two months ago
In July 2017, a group of over 150 people who had been scammed into buying “carbon benefit units” got in touch with REDD-Monitor. Several London-based boiler room operations, including Industry RE, had sold them the “carbon benefit units”, supposedly as investments. Unfortunately they were worthless.
Kevin Conrad, Federica Bietta, the Coalition for Rainforest Nations, and an application to register “REDD+” as a trademark
Kevin Conrad is the Executive Director of the Coalition for Rainforest Nations. He’s currently in Bonn at COP23, the United Nations climate conference, as part of the delegation of the Democratic Republic of Congo. In May 2017, the Coalition for Rainforest Nations Secretariat put in an application to register “REDD+” as a trademark in the…