Green grabbing: Compensatory afforestation in India

In India, when an area of forest land is cleared, an equivalent area of land has to be afforested. Since 2006, the government has imposed a fee on companies that clear forests for mining, industry, or other projects. The money goes into the Compensatory Afforestation Fund. The Compensation Afforestation Management and Planning Authority (CAMPA) is the organisation responsible for overseeing this afforestation. But the money collected was largely unused.

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California governor Jerry Brown wins cap-and-trade vote and increases oil industry hand-outs

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.

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Eco Planet Bamboo’s investors were “significantly let down”

EcoPlanet Bamboo is a US-based company that has established bamboo plantations in Nicaragua, South Africa and Ghana. Here’s how the company describes itself on its website:

EcoPlanet Bamboo is an innovative forestry company focused on integrated bamboo plantations and associated processing. We focus on the provision of a secure and certified source of fiber for timber manufacturing industries and markets globally. We currently operate in Central America, Southern and West Africa.

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Response from Nick Meade, ex-director of D&P Sites part of the Capital Alternatives network: “Libellous and defamatory comments”

2016-05-25-185143_846x643_scrotIn October 2014, REDD-Monitor wrote about Sterling and Bond, Voiptel International, and Velvet Assets. The companies were part of the Capital Alternatives network. The post received more than one hundred comments, some of which named the individuals involved in these and other related companies.

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