By Chris Lang The Roundtable on Sustainable Palm Oil operates under the slogan, “Transforming markets to make sustainable palm oil the norm”. Created in 2004, the RSPO is supposed to reassure consumers and manufacturers that products with the RSPO label are not linked to rainforest destruction, human rights abuses, or habitat destruction of endangered species…
Tell the the Green Climate Fund: No to IFC subsidies for REDD offsets! No to REDD funding!
By Chris Lang The Board of the Green Climate Fund will meet in Songdo, Republic of Korea, from 12 to 14 November 2019. Several funding requests are related to REDD, in Chile, Paraguay, and Laos. Particularly egregious is a funding request from the International Finance Corporation for a “Multi-Country Forest Bonds Programme”. The IFC programme…
Robert Sedgwick: The solicitor who helped London Capital & Finance sell mini-bonds also helped scammers sell “carbon benefit units” from the April Salumei REDD project in Papua New Guinea
By Chris Lang In January 2019, an investment scheme called London Capital & Finance went into administration after an investigation by the Financial Conduct Authority.
Open letter to the Salvadorean government: Natural climate solutions and REDD “are being used to divert the climate debate from true solutions, based on avoiding and reducing emissions from the burning of fossil fuels”
By Chris Lang The Climate Change Board of El Salvador has written an open letter raising its concerns about the statements made by Fernando López, Minister of Environment and Natural Resources, at the UN Climate Action Summit, held in New York, in September 2019. The letter also raises concerns about the Salvadorean government’s plans for…
Carbon credit fraudster Sami Raja appeals his prison sentence. While he carries on scamming in Dubai
By Chris Lang In January 2019, Sami Raja was sentenced to eight years in prison at Southwark Crown Court. He was found guilty of conspiracy to defraud and money laundering. Between January 2012 and August 2013, Raja and others miss-sold carbon credits to 130 retail investors. Two companies were involved in the £2.4 million fraud:…