Peter Singh Virdee avoided extradition to Germany to face charges of VAT fraud on sales of carbon credits. But Virdee talked of paying bribes in the Caribbean.
Category: UK
REDD myth no. 4: REDD will be quick and cheap
In December 2007, Norway’s then-prime minister Jens Stoltenberg launched Norway’s International Climate and Forest Initiative (NICFI). Stoltenberg announced that Norway would be handing out more than US$500 million a year “to prevent deforestation in developing countries”. Stoltenberg was convinced that stopping deforestation would be quick and cheap.
London High Court orders Capital Alternatives to repay £16.9 million. New York Southern District Court orders Bar Works and Bitcoin Store to pay US$83.35 million
Capital Alternatives Limited was part of a network of scam companies that offered “investments” to the general public including a rice farm in Sierra Leone, and carbon credits from projects in Sierra Leone, Brazil, and Australia. Last week, the High Court in London found that these “investments” were illegal collective investment schemes.
Environmental organisations call on Democratic Republic of Congo not to open up its rainforest to loggers
Last week, José Ilanga the Director General in charge of forests at the Ministry of Environment and Sustainable Development in the Democratic Republic of Congo, announced that plans were underway to lift the country’s 16-year-old moratorium on new logging concessions. Today, more than 50 environmental and human rights organisations have written to key donor governments…
The Kariba REDD project in Zimbabwe: From carbon credits to EARTH tokens
The extraordinary story of the Kariba REDD project in Zimbabwe. Featuring cryptocurrencies, Earth Tokens, carbon credits, and tax havens.