A company called London Carbon Neutral Ltd and eight linked companies have been shut down in the High Court in London. The companies were shut down after “high pressure and intimidating sales people had targeted the elderly and vulnerable” to sell them carbon credits as investments.
Tag: Carbon Credits
REDD and voluntary carbon markets: Prices falling as supply exceeds demand
Ecosystem Marketplace’s “State of the Voluntary Carbon Markets 2015” report tells us that a total 87 million carbon offsets were transacted in 2014, an increase of 13.6% compared to 2013. A total of 25 million avoided deforestation offsets were transacted.
MH Carbon update: Claims total more than £4 million
REDD-Monitor first wrote about MH Carbon in January 2013. At the time the company was selling carbon credits to retail investors. Since then, the company has gone into liquidation – first voluntary, then compulsory.
London Carbon Credit Company scammed people out of £1.7 million. Company director Young Erumuse disqualified for 15 years
By Chris Lang Earlier this month, the director of a carbon credit company was disqualified as a director by the High Court for 15 years. Young Erumuse was the director of the London Carbon Credit Company Limited, a company that sold carbon credits to retail investors.
Goldberg Management: Or how to spot a recovery room scam
A company called Goldberg Management is cold calling people who have been scammed into buying carbon credits as investments. Goldberg Management claims to be able to sell these worthless carbon credits. The company asks for an advance fee (a “10% Surety Bond”). Needless to say, it’s a transparently obvious scam.