In March 2013, REDD-Monitor wrote about a company called Anglo-Capital Partners, which was selling carbon credits as “a phenomenal alternative investment opportunity”. Last month, after an investigation by the Insolvency Service, Anglo-Capital Partners was ordered into liquidation in the High Court.
“Enviro Associates specialises in providing the opportunity to purchase Verified Carbon Standard (VCS) carbon credits within the de-centralised unregulated speculative voluntary carbon credit spot market for high risk speculative investment for the future and individual and corporate offset purposes.”
Over the past two weeks, Richard Smith has written a series of posts on Naked Capitalism about Carbon Neutral Investments and carbon credit scams. REDD-Monitor provided two handy guides to these posts, here and here.
Naked Capitalism is a blog set up by Yves Smith. She’s an expert on investment banking and the founder of Aurora Advisers, a New York-based management consulting firm. Carbon Neutral Investments is a company that, before it changed its name, provided services for a long list of companies that sold carbon credits as investments.
In September 2013, I wrote about a company called Wellz Zable. The company is based in London and sells carbon credits as an investment. The website is full of the usual nonsense that these companies put out about carbon credits. Like this, “A number of buyers are purchasing different types of credits under all of…