Celestial Green Ventures’ contracts are “not valid”, says Brazil’s National Indian Foundation, FUNAI

Yesterday, Márcio Meira, president of the Brazilian government’s National Indian Foundation (FUNAI), held a press conference at FUNAI’s headquarters in Brazilia. Point Carbon reported that “Brazil’s top judge may annul 30 deals that give investors legal title to carbon credits by avoiding deforestation in the Amazon.”

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Celestial Green Ventures: 20 million hectares of REDD carbon offset projects in Brazil

Celestial Green Ventures is a carbon trading company based in Dublin, Ireland. In November 2011, the company claimed to have “the carbon credit rights to an area of land in excess of 20 million hectares of vulnerable rainforest in the Amazon region of Brazil.” That makes it one of the biggest REDD companies in the world. Not bad for a 15-month-old company.

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