Earlier this month, REDD-Monitor wrote about a Dubai-based company called Advanced Global Trading. AGT is yet another company that sells voluntary carbon credits as an investment. REDD-Monitor asked whether the company was a boiler room, a Ponzi scheme, or both.
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Response from Advanced Global Trading: “We can only hope that you amend the title and the last paragraph of your article”
Recently, REDD-Monitor wrote about a company called Advanced Global Trading that sells voluntary carbon credits to the public as an investment.
Advanced Global Trading: Another boiler room scam? Or a Ponzi scheme? Or both?
By Chris Lang Advanced Global Trading sells voluntary carbon credits to members of the public as an investment. The company’s brokers cold call people and attempt to persuade them to invest. “For a minimum investment of $25K you too can invest in Carbon and make a difference,” the company states on its website.
Nature-based madness: A US$1.2 trillion carbon market by 2050?
By Chris Lang A new report by the UN’s Principles for Responsible Investment makes the claim that, “forest-related Nature-Based Solutions (NBS) could generate US$800 billion in annual revenues by 2050, worth US$1.2 trillion today in NPV [net present value] terms, surpassing the current market capitalisation of the oil & gas majors”.
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
By Chris Lang 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”.