Three years ago, I wrote a post about a Dubai-based Eventus Alternatives, a company that specialised in selling carbon credits to retail investors. A week after the post, Eventus Alternatives’ solicitors threatened to sue me for US$250,000. Three years later, the company’s ex-director, Phil Wombwell, wrote a nice email asking me to remove the post.
The Borneo Case is a new film that documents the destruction of more than 90% of Sarawak’s forests and investigates where the profits from the destruction went. As the Bruno Manser Fund notes, “Vast illicit assets have been acquired by the former Chief Minister and current Governor of Sarawak, Abdul Taib Mahmud, and his closest family members.”
On 12 July 2016, an application was commenced in Australia for the winding up of Conservation Central Network. A court hearing took place in the Federal Court in New South Wales on 12 August 2016, and on 22 August 2016 a court order to wind up the company and appoint a liquidator was issued.
A few weeks ago, REDD-Monitor received an email offering 345 million carbon credits for sale. A company based in Malta called MED Investment Operations is offering carbon credits from a REDD project in Brazil and them for sale at US$6.80 each. This post, the third in a series of posts about this incredible offer, looks at the company supposedly running the REDD project: MidiaGeo.
On 6 July 2016, REDD-Monitor wrote about a company called Lochwood Capital. I wrote about the company after the company director, Alexander Johnson, had sent several emails complaining about a comment on REDD-Monitor that mentioned one of Lochwood Capital’s then-employees, Russell Brooker.
Two weeks ago, REDD-Monitor received an email offering 345 million carbon credits for sale. The carbon credits were from a REDD project in Brazil and a company based in Malta called MED Investment Operations is offering them for sale at US$6.80 each. Last week, I wrote about the companies in Malta behind this incredible offer: MED Investment Operations and The Equivest Alliance.
Last week, REDD-Monitor received a message from Boniface Mburaburirwe asking whether I have any buyers for carbon credits. I suspect Mburaburirwe hasn’t read much on REDD-Monitor, particularly not the series of posts about scam artists selling carbon credits to unsuspecting members of the public as investments.
Michael Schmidlehner is a researcher, NGO founder and climate justice activist in Rio Branco, capital of the Brazilian state of Acre. He submitted this Guest Post about an academic paper looking at a REDD project established on the land of the “Acapú” indigenous people in Brazil.
According to NASA, the Amazon is drier at the start of this year’s dry season than any year since 2002. The reason is reduced rainfall during the wet season because of El Niño. The result could be intense fires in the Amazon later this year.