Naked Capitalism’s series about Carbon Neutral Investments and other carbon credit scams continued last week. The stories just get better and better.
Category: UK
HSBC is bankrolling forest destruction
At a meeting last month organised by the Forest Stewardship Council, HSBC’s Francis Sullivan said that if a company doesn’t pass the bank’s sustainability risk tests, then it won’t get a loan.
Carbonballs: “You could probley say we where wet behind the eyes”
Colemanballs is a long running series in Private Eye featuring the howlers made by sports commentators. It’s named after ex-BBC commentator David Coleman. Today, REDD-Monitor is launching an occasional series, titled Carbonballs featuring the howlers made by con artists selling carbon credits as investments.
Hamilton Carter: A “specialist investment consultancy” selling carbon credits as investments sets off the alarm bells
“Hamilton Carter are a specialist investment consultancy, focused in carbon credit trading, emissions offsetting, gold trading, property funds and other alternative investments.” If that statement from the company’s website doesn’t set off alarm bells, here are some aspects of the Hamilton Carter’s operations that will.
Naked Capitalism shines a spotlight on Carbon Neutral Investments
Naked Capitalism is a blog set up by Yves Smith. She’s an expert on investment banking and the founder of Aurora Advisers, a New York-based management consulting firm. Carbon Neutral Investments is a company that, before it changed its name, provided services for a long list of companies that sold carbon credits as investments.