Could the controversy surrounding Advanced Global Trading raise questions for AGT’s partners Lotus F1 Team?
Category: United Arab Emirates
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.”
The Carbon Platform: Is this how a boiler room recruits staff?
The Carbon Platform is a Dubai-based company offering investment in the Carbon Compliance Market, as well as the opportunity to make yourself carbon neutral or your company green. The company is currently updating its website. “Too busy making everyone green…!” an announcement explains.
Advanced Global Trading: “Any price for VCUs is meaningful if a buyer can be found at such price”
Farah Halime, a journalist based in Cairo, reports that records from Dubai’s Department of Economic Development show that AGT’s license in Dubai will expire today. When she asked AGT whether it plans to renew the licence, the company re-sent her a statement it produced last week.
Advanced Global Trading sold at least US$25 million of voluntary carbon credits as investments
Two articles about Advanced Global Trading were published at the end of last week. One by Vivian Nereim, a journalist with The National, an Abu Dhabi English-language newspaper, and one by Farah Halime a journalist based in Cairo.