In January 2017, the Kelantan state government in Malaysia signed a REDD deal with a company called Climate Protectors. The REDD project covers an area of 396,000 hectares, one-quarter of the state’s land area. Under the deal, Climate Protectors would run the project for 30 years, and receive 45% of the money from the sale…
Tag: Carbon Credits
Lukasz Matula, director of recovery room Bradlodge Limited, banned for 15 years
Bradlodge Limited was a recovery room scam. Back in 2014, the company’s conmen rang up people who had already been conned into buying worthless carbon credits as investments. Bradlodge told them they could sell their carbon credits. For an advanced fee, of course.
Troy Wiseman of EcoPlanet Bamboo caught lying in late 2015: “We did an institutional debt deal with a Wall Street fund”
At the beginning of December 2015, Troy Wiseman was in Paris. The CEO and co-founder of EcoPlanet Bamboo was there as part of the Nicaraguan government delegation to COP 21, the UN climate change negotiations. Wiseman’s Paris trip came just a few days before Wiseman wrote to the people unfortunate enough to have invested in…
An update on EcoPlanet Bamboo, Eco Resources Fund, and Premier Group (Isle of Man) Ltd: “Substantial recovery of value from the plantations may be unlikely”
The Eco Resources Fund was launched in July 2012 in the Isle of Man. Via a special purpose vehicle called ERF Limited, the Fund invested in bamboo plantations in Nicaragua and South Africa. The bamboo plantations are run by EcoPlanet Bamboo.
Gunnela Hahn, Church of Sweden: “Althelia does not pay out any dividends”
By Chris Lang Yesterday, REDD-Monitor wrote about the Althelia Climate Fund. The post was based on a new report published by Re:Common and Counter Balance. The report focussed on Althelia’s REDD projects in Kenya as well the financial structure of the fund.