On 23 May 2019, the US Attorney’s Office for the Southern District of New York put out a press release about the case against Renwick Haddow and others involved in the Bar Works scam. The press release includes the following statement:
Category: USA
A company called Verified Carbon Solutions is running a recovery room scam together with another company called Kentisbury Trust. And/or SML & Associates
Earlier this week, REDD-Monitor received an email from Brian Smith (name changed). Brian explained that about seven years ago he’d been scammed into buying carbon credits as an investment. Recently, Brian received an email from John Miles at a company called Verified Carbon Solutions. Miles said he was acting as a broker for Kentisbury Trust,…
A story of carbon credits, diamonds, and fraud. Featuring London Carbon Market, Carlton Chase, SDKA International, Gurpreet Singh Rai, and the return of Luke Ryan
Gurpreet Singh Rai, or Gurps to his friends, describes himself as someone who was a “prominent figure of the Carbon Market”. He claims to have created history in 2011, when he became “the first person to successfully facilitate a commodity trade using a virtual currency”.
California’s “lenient leakage accounting” means that emissions reductions from forest offsets may never happen
California’s cap-and-trade scheme has resulted in payments of hundreds of millions of dollars to forest owners. But a recent policy brief by Barbara Haya at the University of California, Berkeley argues that California may have exaggerated the emissions reductions of these forestry projects by as much as 80 million tons of carbon dioxide.
Members of the European Parliament urge California to exclude REDD from its cap and trade scheme: “Adopting the Tropical Forest Standard would water down climate ambition in California, the EU, and globally”
Last week, six Members of the European Parliament wrote to the California Air Resources Board urging the ARB to reject the proposed California Tropical Forest Standard. In November 2018, the ARB held a public meeting about the proposed Tropical Forest Standard. But the Board failed to reach a decision at that meeting.