REDD-Monitor’s weekly round up of the news on REDD, organised by date with short extracts (click on the title for the full article). REDD-Monitor’s news page is updated regularly. For past REDD in the news posts, click here.
Norway is a rich country because of its oil. It hopes to stay that way when the oil runs out. Since 1990, Norway has been putting its money from North Sea oil into a fund for future generations. The Government Pension Fund Global is now the largest sovereign wealth fund in the world.
Yesterday Global Witness won two prestigious awards: the Skoll Award for Social Entrepreneurship, and the TED Prize.
In February 2014, the UK’s Financial Conduct Authority won a case in the High Court against two investment schemes promoted by Capital Alternatives and other firms.
Last week City of London Police led the biggest ever international operation against boiler room fraud, resulting in the arrests of 110 people, mainly in Spain and the UK.
Carter & Campbell claims to offer “Investment you can trust, experience that produces results and a client focussed company.” The reality is that it is running a recovery room scam.
A company called Consultants Europe is cold calling people, claiming that they can sell near-worthless carbon credits for more than £5.75. Of course, there’s an advance fee to be paid of 45p per credits.
By the end of 2010, a small company in Australia called Shift2Neutral claimed to have set up REDD-type deals in Malaysia, the Philippines, Indonesia, the Solomon Islands, the Democratic Republic of Congo and Brazil.
A recent study in East Kalimantan revealed no difference in carbon emissions between Forest Stewardship Council certified logging operations and conventional logging concessions.
China Development Finance Corporation is cold calling people and offering to sell their near-worthless carbon credits. The company is a transparently obvious scam.