By Chris Lang “Carbon forestry is privatizing, commodifying and financializing the world’s forests, recasting relations between state and market forest landscapes,” says Jesse Ribot, University of Illinois in a review of a new book.
Category: Sierra Leone
Financial Conduct Authority wins appeal case against Capital Alternatives
The Court of Appeal has upheld a February 2014 High Court ruling in which the Financial Conduct Authority won their case against Capital Alternatives and other firms. The FCA accused the firms of “promoting and/or operating collective investment schemes (CISs) in the UK illegally and without our authorisation”.
“FCA’s investigation to determine if deals such as African Land are a collective investment scheme or not, is irrelevant. The bigger concern is if it might be a scam”
African Land Ltd had a simple offer: Invest in “low-cost, high potential” farmland in Sierra Leone. “We Harvest – You Profit” was the headline of one of the company’s brochures.
Capital Alternatives and Capital Carbon Credits taken to the High Court by the Financial Conduct Authority
The UK Financial Conduct Authority has taken Capital Alternatives and several other firms to the High Court, accusing them of “promoting and/or operating collective investment schemes (CISs) in the UK illegally and without our authorisation”.