In 2011, a Swiss company called World Markets AG bought five million “carbon benefit units”. They came from the April Salumei REDD project in Papua New Guinea. World Markets sold the “carbon benefit units” at a profit of over US$5 million.
Norwegian funded study exposes the myth of sustainable forest management
By Chris Lang In 2007, sustainable forest management was written into the definition of REDD in the Bali Action Plan. Ten years later, the main funder of REDD, the Norwegian government, has commissioned a review of sustainable forest management.
Californian REDD in Acre and Chiapas: Legalising mechanisms of dispossession
The state of California is keen to include REDD credits in its cap-and-trade programme. California’s governor Jerry Brown worked closely with the oil industry on California’s climate policy, and is pushing for REDD to be allowed to “offset” ongoing pollution in California.
Human rights and environmental organisations urge Finland to stop funding the Kenya Forest Service following human rights abuses of indigenous Sengwer people
Last week, the EU suspended funding to a conservation and climate project in Kenya. The suspension came after Kenya Forest Service guards shot and killed Robert Kirotich, an indigenous Sengwer man. Yesterday, human rights and environmental organisations wrote to the Finnish government calling for the suspension of Finland’s €9.5 million “Private Forestry and Forest Enterprise…
Asia Beijing Corporation is running a recovery room scam, targeting Bar Works victims
Asia Beijing Corporation is cold calling victims of Renwick Haddow’s scam, Bar Works. Asia Beijing Corporation claims to be able to “exchange the toxic asset” for shares in Ant Financial Services Group. Of course, Asia Beijing Corporation is running a ridiculously obvious recovery room scam.