Property Frontiers is an Oxford-based investment firm. According to the company’s website, Property Frontiers is “an investment company with a reputation for offering the best-performing international property and alternative investments to both first time and experienced investors”.
A 2012 brochure from a company called Ecobamboo Lot makes investing in bamboo look very promising: “A rare opportunity to purchase a Deeded Bamboo Lot in Central America.” The company promised a return of 26% a year: “Bamboo lot owners will receive harvest income starting at year four. The ROI is forecasted at 26% per annual year.” And Ecobamboo Lot plays the green card: “With its exceptional green credentials and high productivity, bamboo is set to become the sustainable timber source of the future.”
Costa Rica was the first country in the world to negotiate a deal with the World Bank’s Forest Carbon Partnership Facility to sell REDD credits. In September 2013, the government signed a letter of intent with FCPF to negotiate an Emission Reductions Payment Agreement, worth up to US$63 million.
MH Carbon claims to be “One of the UK’s fastest-growing participants in emissions spot trading within the voluntary carbon credit market.” It offers investors “the opportunity to participate in the new and exciting carbon credit markets,” while “safeguarding the environment for future generations”. But is the company actually little more than a boiler room scam?
Last week, the Latin American Indigenous Forum on Climate Change took place in Costa Rica. IPS reported the meeting as concluding that “Solutions to global warming based on the logic of the market are a threat to the rights and way of life of indigenous peoples.” The final declaration of the Forum is posted below (in English and in Spanish).