Fraud Archives - Kiribex https://kiribex.com/category/carbon-credit/fraud/ Net-Zero Right Now Tue, 15 Nov 2022 17:10:43 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 https://i0.wp.com/kiribex.com/wp-content/uploads/2022/10/cropped-Kiribex-Favicon.png?fit=32%2C32&ssl=1 Fraud Archives - Kiribex https://kiribex.com/category/carbon-credit/fraud/ 32 32 211772527 COP27: Talks on carbon market rules off to slow start https://www.reuters.com/business/cop/cop27-talks-carbon-market-rules-off-slow-start-2022-11-14/?utm_source=rss&utm_medium=rss&utm_campaign=carbon-market-rules-slow Tue, 15 Nov 2022 17:10:23 +0000 https://kiribex.com/?p=1299 Voluntary carbon offset markets have struggled to gain trust for years. Campaigners have criticized offsets as a figleaf for polluters.

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This Timber Company Sold Millions of Dollars of Useless Carbon Offsets https://www.bloomberg.com/news/articles/2022-03-17/timber-ceo-wants-to-reform-flawed-carbon-offset-market?utm_source=rss&utm_medium=rss&utm_campaign=useless-carbon-offsets Tue, 08 Nov 2022 19:20:26 +0000 https://kiribex.com/?p=1248 Jim Hourdequin is calling out the entire system, including some of his own projects, as broken and shortchanging the climate.

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SEC prepares to crack down on misleading ESG investment claims https://www.ft.com/content/6fefdb2c-f72e-4e52-b95b-c0727aeb1a94?utm_source=rss&utm_medium=rss&utm_campaign=misleading-esg-investment-claims Tue, 08 Nov 2022 19:17:47 +0000 https://kiribex.com/?p=1246 The SEC is poised to crack down on exaggerated environmental, social and governance credentials in investment products.

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Deutsche Bank raided by authorities over ESG ‘greenwashing’ claims https://fortune.com/2022/05/31/deutsche-bank-dws-esg-greenwashing-raid-evidence-seized-whistleblower-fixler/amp/?utm_source=rss&utm_medium=rss&utm_campaign=greenwashing-deutsche-bank-raided Tue, 08 Nov 2022 19:15:37 +0000 https://kiribex.com/?p=1244 German officials raided the offices of Deutsche Bank on suspicion of the fraudulent advertising of sustainable investment funds.

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BP Paid Rural Mexicans a “Pittance” for Wall Street’s Favorite Climate Solution https://www.bloomberg.com/features/2022-carbon-offset-credits-mexico-forest-bp?utm_source=rss&utm_medium=rss&utm_campaign=bp-paid-mexicans-pittance Tue, 08 Nov 2022 19:12:37 +0000 https://kiribex.com/?p=1242 BP has found a climate bargain in some of Mexico’s poorest areas, paying a fraction of market rate for carbon offsets to rural villagers.

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New Research Calls Into Question Carbon Offsets From Northwest California Forests https://lostcoastoutpost.com/2022/sep/24/econews-report-new-research-calls-question-carbon/?utm_source=rss&utm_medium=rss&utm_campaign=new-research-calls-into-question-carbon-offsets-from-northwest-california-forests Sat, 29 Oct 2022 01:28:44 +0000 https://kiribex.com/?p=424 Forests registered in the Northwest California offset program are overcounting the carbon that they are paid to protect.

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Key Points

New research published in the journal Global Change Biology raises alarming questions about the efficacy of forest carbon programs registered in California’s cap-and-trade program. Utilizing satellite imagery, particularly of forests in Northwest California, researchers have compared the carbon sequestered by forests versus what is claimed and have emerged with a concerning conclusion: forests registered in the offset program are overcounting the carbon that they are paid to protect.

Key Excerpts

large emitters are allowed to purchase, verified carbon offsets’

‘ensuring that … the money is actually going to sequestering more carbon than what than would have occurred in some business as usual scenario, that’s really, really key to … actually achieving the carbon reductions that we need to occur.’

‘we can’t ensure that as a result of enrolling these projects were gaining more carbon stored than if they would have just been managed like any other land in their ownership’

‘We found that these tend to be preferentially on lands that have been harvested more intensely in the past 20 or so years of our record and especially in the past 10 or seven years leading up to the offsets program. So we … flagged that as being … suspicious … They’re going to be recovering from that harvest, increasing their carbon stocks. So it’s kind of interesting that they’re still able to have carbon that’s above above baseline to receive credit. And and also to be increasing carbon over time.’

This article was originally published on The Eco News Report

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