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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Troy Wiseman of EcoPlanet Bamboo caught lying in late 2015: “We did an institutional debt deal with a Wall Street fund”

At the beginning of December 2015, Troy Wiseman was in Paris. The CEO and co-founder of EcoPlanet Bamboo was there as part of the Nicaraguan government delegation to COP 21, the UN climate change negotiations. Wiseman’s Paris trip came just a few days before Wiseman wrote to the people unfortunate enough to have invested in his company’s “Bamboo bonds” to let them know that their investment had gone pear-shaped.

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An update on EcoPlanet Bamboo, Eco Resources Fund, and Premier Group (Isle of Man) Ltd: “Substantial recovery of value from the plantations may be unlikely”

The Eco Resources Fund was launched in July 2012 in the Isle of Man. Via a special purpose vehicle called ERF Limited, the Fund invested in bamboo plantations in Nicaragua and South Africa. The bamboo plantations are run by EcoPlanet Bamboo.

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“Returns up to 895%” and other misleading statements from Property Frontiers about investments in EcoPlanet Bamboo and Silva Tree

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”.

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Vision 2050 Forestry in Ghana: The inequities of a carbon credit project

A company called Vision 2050 Forestry claims to be the “leading forestry company in West Africa”. According to the company, between September 2008 and February 2010 more than 300,000 people signed up to Vision 2050 Forestry’s Carbon Credit Project. The company claims that 150 million trees were planted and “five million people are expected to benefit from the project within the five years period as direct beneficiaries”.

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Guest Post: TAMS – Failed experiments with carbon in Madagascar

In 2016, Sara Peña Valderrama completed her PhD in social anthropology, where she studied a forest carbon project run by Conservation International in Madagascar. Her thesis is available on Durham University’s website: Entangling Molecules: an ethnography of a carbon offset project in Madagascar’s eastern rainforest. She submitted this Guest Post about what happened when the project changed to a carbon project. She is currently a Honorary Research Associate at Durham University.

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