By Chris Lang HSBC Global Asset Management and Pollination Group have announced a series of planned billion-dollar funds targetting “natural capital”. The new venture will be called HSBC Pollination Climate Asset Management and aims to raise US$6 billion from institutional investors. But handing over conservation to bankers and neoliberal economists will be a disaster for…
Tag: Carbon Credits
Carbon conman Sami Raja is finally in prison
By Chris Lang In January 2019, Sami Raja was convicted of fraud and sentenced to eight years in prison. In his trail at Southwark Crown Court, Raja was found guilty of six counts of conspiracy to defraud and money laundering. But Raja wasn’t in court, and didn’t go to prison, having fled to Dubai in…
UPDATED – Chloride Eastern Limited is still being cloned by scammers
By Chris Lang In March 2020, REDD-Monitor wrote about a scam company that was cloning Chloride Eastern Limited. The fraudsters were contacting people out of the blue, claiming that they could sell the carbon credits that they had been scammed into buying as an investment.
Tullett Brown carbon credit investment scam, five years on. Bradley Ferry, director of Tullett Brown but “nothing more than a salesman”, gets his solicitor to “kindly request” REDD-Monitor to “remove the link referenced herein”
By Chris Lang Five years ago, REDD-Monitor wrote about four men in the UK who received 14-year director bans. The bans followed their involvement in a £5.5 million land banking and carbon credit scam. A series of companies was involved, including Tullett Brown Limited, Tamar (London) Limited, Johnnystone Limited and Brad Baker Limited, Foxstone Carr…
More on the D’Cerrado a’Amazonia REDD project in Brazil. Featuring SSO International Capital, LiveHOPE Fund, GHG Emissions Corp., RTD SPV1 LLC, and Brazil Mata Viva
By Chris Lang In July 2016, Boniface Mburaburirwe wrote to REDD-Monitor, asking whether I (or anyone I knew) was interested in buying 345 million “certified carbon credits already invested on Bloomberg”. Mburaburirwe’s asking price was US$6.80 each.