Naked Capitalism’s series about Carbon Neutral Investments and other carbon credit scams continued last week. The stories just get better and better.
Category: United Arab Emirates
Industry RE: Another carbon credit company goes into liquidation
In June 2011, Industry RE forward purchased one million REDD carbon credits from an Irish company called Celestial Green Ventures. On 11 September 2013, the High Court in London appointed Julie Palmer and Jason Greenhalgh of Begbies Traynor as joint liquidators of Industry RE, “on the application of the Secretary of State and following intervention…
Questions for Lotus F1 about carbon credits and Advanced Global Trading
By Chris Lang Since 2012, the Lotus Formula 1 Team claims to be “targeting carbon neutral status”. It is doing so with the help of Advanced Global Trading – a Dubai-based company selling carbon credits as investments.
Investors file formal complaint against Advanced Global Trading – could this raise questions for AGT’s partners the Lotus F1 Team?
“Caring for the environment is something that Advanced Global Trading has been doing ever since they first opened their doors back in 2010.” That’s the opening sentence from a recent press release from Advanced Global Trading, a Dubai-based company that sells voluntary carbon credits as investments.
Eventus Alternatives: Another carbon credit boiler room scam?
By Chris Lang Eventus Alternatives is a Dubai-based company selling carbon credits to individuals as investments. Carbon, according to the company’s website is, “The dawn of a new commodity – the booming new alternative providing comprehensive return on investment.”