Earlier this week, REDD-Monitor posted some advice from a law firm about the sale of carbon credits as investments under UK law. Part of the advice was on “what, if any action, may be taken in the UK against companies selling voluntary carbon credits to the retail market.”
Earlier this year, a law firm agreed to provide some advice pro bono about the sale of carbon credits as investments under UK law. Part of the advice was on “what, if any action, may be taken in the UK against companies selling voluntary carbon credits to the retail market.”
Over the past two weeks, a series of articles has appeared in the Kaieteur News about Chinese logging company Bai Shan Lin’s operations in Guyana. The articles accuse Bai Shan Lin of operating illegally. The Guyana Forestry Commission responds that “there is no circumventing of Guyana’s logging laws by Bai Shan Lin”.
PT Austindo Nusantara Jaya Tbk (ANJ) is an Indonesian palm oil company, that is clearing forest in West Papua to make way for an oil palm plantation. George Tahija is a commissioner of PT ANJ and a member of both The Nature Conservancy (TNC) Indonesia Chapter Advisory Board and the TNC Asia Pacific Council.
“The Tropical Forestry Action Plan is fatally flawed. Far from curbing forest loss, the Plan will accelerate deforestation.” That’s Marcus Colchester and Larry Lohmann writing about another plan to save tropical forests.
On 2 July 2014, the High Court in London ordered two more companies that sold carbon credits as investments into liquidation on the grounds of the public interest. The two companies, Pinecom Services Ltd and Pine Commodities Ltd, had taken almost £2 million from the public.
Four years ago, Simon Counsell, the director of the Rainforest Foundation UK, was quoted in the Observer as saying that “REDD needs to be taken out of the hands of the World Bank”.
A company called Bradlodge Corporate Trading is cold calling people who have been scammed into buying carbon credits as investments. Bradlodge Corporate Trading’s boiler room conmen tell people that their company can sell their carbon credits. For an advance fee, of course.