Global Carbon Exchange sells carbon credits to individuals as an investment. It’s another boiler room scam.
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Foreco Growth Investments Ltd: Another carbon credit boiler room bites the dust. “More proof that you should keep your savings well away from carbon credits”
On 12 June 2013, Foreco Growth Investments Ltd, a UK-based company that sold carbon credits as investments, was wound up in the High Court in London. The company is the latest in a series of similar companies to be investigated by the Insolvency Service and subsequently closed down.
Guest Post: Redeeming REDD
Michael Brown has more than 30 years experience in international development. He is the president and founder of Satya Development International, a consulting firm based in Washington DC. He works on REDD and issues of free, prior and informed consent, indigenous peoples and environmental compliance.
Harapan Rainforest Project: A letter from Scale Up and Forest Peoples Programme
On 5 June 2013, the NGOs Scale Up and Forest Peoples Programme wrote to PT REKI, the company running the Harapan Rainforest Project, about PT REKI’s commitment to mediated negotiations as a mechanism to assist affected communities.