On 19 April 2018, a company called BAP Industries of Guatemala announced that it had signed a 10 year Bamboo Purchase Agreement with EcoPlanet Bamboo. Under the agreement, BAP Industries agreed to buy bamboo from EcoPlanet Bamboo’s plantations in Nicaragua.
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.
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.
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.
Asia Beijing Corporation is cold calling victims of Renwick Haddow’s scam, Bar Works. Asia Beijing Corporation claims to be able to “exchange the toxic asset” for shares in Ant Financial Services Group. Of course, Asia Beijing Corporation is running a ridiculously obvious recovery room scam.
Last year, REDD-Monitor wrote a series of posts about Renwick Haddow’s latest scam, Bar Works. The most recent post was in July 2017, after the Securities and Exchange Commission filed a legal complaint against Haddow. The complaint alleged that Haddow fraudulently raised almost US$38 million from investors.
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”.
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.
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.
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.
On 30 June 2017, the Securities and Exchange Commission filed a legal complaint against Renwick Haddow. The SEC alleges that Haddow fraudulently raised almost US$38 million from investors. The SEC has obtained an emergency asset freeze against Haddow and his companies named in the complaint.
California’s Global Warming Solutions Act of 2006 (AB 32) expires in 2020. California’s governor, Jerry Brown, is holding a series of closed-door negotiations with the fossil fuel industry to re-write California’s climate change policy for the period 2021 to 2030.
Since January 2017, REDD-Monitor has written a series of posts about Renwick Haddow’s latest investment scheme, Bar Works, a New York-based co-working startup company. Last week, Law360 reported that Bar Works “is now the subject of at least two lawsuits from investors who call it a multimillion-dollar Ponzi scheme”.