REDD-Monitor’s round-up of the week’s news on forests, climate change, and REDD. For regular updates, follow @reddmonitor on Twitter.
In July 2017, California voted to extend its cap-and-trade scheme until 2030. Some environmental groups and the oil and gas industry support the legislation. Environmental justice groups oppose it. This post summarises some of the responses to the continuation of cap-and-trade in California.
Thorn Medical has written to shareholders to tell them that the company is insolvent and will be placed in voluntary liquidation.
Thorn Medical is a healthcare company, founded in July 2014 by Jack Kaye. In 2015, the company announced that it was planning a £350 million listing on the London Stock Exchange. A listing on the USA’s Nasdaq was also planned. In early 2016, the company appointed Sir Eric Peacock, Sir John Lucas-Tooth, and Lord Beaverbrook to its board.
Norway’s parliament recently approved a plan to become carbon neutral by 2030. But it’s obvious really that Norway’s claims to be addressing climate change are meaningless if at the same time the country continues drilling for oil and gas. A new report from Oil Change International documents Norway’s cognitive dissonance on climate change.
On 17 July 2017, California’s Assembly and Senate voted to extend the state’s cap-and-trade legislation until 2030. AB 398, written with the help of the oil industry, passed with two-thirds majorities in both chambers. Environmental justice groups opposed the bill, because it gives away far to much to the big oil and gas companies, and does too little to address the pollution that affects vulnerable communities in California.
In an open letter, scientists have warned about the impacts that logging the forests of the Democratic Republic of Congo would have on the planet’s climate. The scientists are concerned that a proposal to expand logging in DRC’s forests would damage the world’s largest tropical peatland – the Cuvette Centrale peatlands in the central Congo Basin.
California’s Global Warming Solutions Act of 2006 (AB 32) expires in 2020. What will replace it is the subject of intense debate in California. In recent weeks Governor Jerry Brown brought the oil industry to the negotiating table. And earlier this week, Brown and supporting legislators introduced their proposals, based on the oil industry’s wish list: AB 398 and AB 617.
Last year, four academics published a paper in Conservation Biology, with the title, “Questioning REDD+ and the future of market-based conservation”. The paper starts with this memorable line, “Increasingly, one hears furtive whispers in the halls of conservation: ‘REDD+ is dead; it’s time to cut our losses and move on.’”
A company called Koenig Rowe Campbell Alliance is cold calling people in several countries, claiming to be a wealth advisory firm established in 1978. KRC Alliance takes clients’ money and claims to invest it. The investment will need to be increased, for whatever made up reason, to reach a certain number of shares. Then, in order to receive a payout, clients have to pay a security bond. Then another. Then another.