London High Court orders Capital Alternatives to repay £16.9 million. New York Southern District Court orders Bar Works and Bitcoin Store to pay US$83.35 million

Capital Alternatives Limited was part of a network of scam companies that offered “investments” to the general public including a rice farm in Sierra Leone, and carbon credits from projects in Sierra Leone, Brazil, and Australia. Last week, the High Court in London found that these “investments” were illegal collective investment schemes.

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The Kariba REDD project in Zimbabwe: From carbon credits to EARTH tokens

The Kariba REDD+ Project covers an area of 784,987 hectares in four districts of northwestern Zimbabwe. The project started in July 2011, and aims to generate almost 52 million carbon credits from reduced deforestation over its 30-year project life. The project is certified under the VCS and Climate Community and Biodiversity Standard systems.

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Responses from Terra Global Capital, VCS, and Wildlife Works to Fern’s report, “Unearned credit: Why aviation industry forest offsets are doomed to fail”

In November 2017, Fern published a report titled, “Unearned credit: Why aviation industry forest offsets are doomed to fail”. The report takes aim at the aviation industry’s planned carbon trading mechanism, the Carbon Offsetting and Reduction Scheme for International Aviation.

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Jerry Brown tells indigenous activists at COP23: “Let’s put you in the ground so we can get on with the show here”

California’s governor, Jerry Brown, travelled to Bonn for COP23. On 11 November 2017, he launched “America’s Pledge”, a proposal for states, municipalities and businesses to meet the US commitments under the Paris Agreement. Brown’s presentation was interrupted by climate justice protesters, including indigenous people, chanting “Keep it in the ground”.

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Kevin Conrad, Federica Bietta, the Coalition for Rainforest Nations, and an application to register “REDD+” as a trademark

Kevin Conrad is the Executive Director of the Coalition for Rainforest Nations. He’s currently in Bonn at COP23, the United Nations climate conference, as part of the delegation of the Democratic Republic of Congo. In May 2017, the Coalition for Rainforest Nations Secretariat put in an application to register “REDD+” as a trademark in the USA.

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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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Xapuri Declaration: “We reject any form of climate colonialism”

From 26 to 28 May 2017, a meeting took place in Xapuri, in the state of Acre, Brazil. The meeting brought together Apurinã, Huni Kui, Jaminawa, Manchineri and Shawadawa indigenous peoples, representatives of traditional communities, rubber tappers, academics and supporting organisations. The meeting’s theme was, “The effects of environmental / climatic policies on traditional populations”.

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