Last week, REDD-Monitor wrote about the closure of 19 companies in the High Court in London. The companies sold more than 5 million carbon credits to retail investors, for more than £36 million. Hundreds of pensioners were duped out of their life savings.
REDD-Monitor’s occasional series, Carbonballs features the howlers made by con artists selling carbon credits as investments. This time round, it’s Enviro Associates trying to explain carbon credits to gullible investors.
Colemanballs is a long running series in Private Eye featuring the howlers made by sports commentators. It’s named after ex-BBC commentator David Coleman. Today, REDD-Monitor is launching an occasional series, titled Carbonballs featuring the howlers made by con artists selling carbon credits as investments.