Verra

Nike’s non-additional carbon credits from 2006 have found a new life. In ACR’s buffer pool

Old carbon credits never die.

Nov 1 •

Verra has sacked one-quarter of its staff

Do say, “restructuring”, “realigning”, “streamlining”. Don't say, “sacked”, “fired”, “laid off”.

Oct 25 •

Conflicts of interest and Verra’s cancellation of 5 million C-Quest cookstove carbon credits

Verra’s system is riddled with conflicts of interest.

Oct 24 •

Ken Newcombe, ex-CEO of C-Quest Capital, faces criminal charges for multi-year carbon credit fraud

“The charges are a blow to the carbon offset development industry.”

Oct 3 •

Verra records largest ever loss of more than US$9 million

And Verra’s new CEO fails to address criticisms of Verra and the voluntary carbon market.

Sep 25 •

Flowcarbon is refunding investors after failing to launch its carbon credit crypto token

The death of “Goddess Nature Tokens”.

Sep 16 •

BBC Panorama documentary on the Keo Seima REDD project in Cambodia: “More than half of the credits from that project are not real offsets”

Deforestation is increasing both in the REDD project and in the forests immediately next to it.

Aug 29 •

Ongoing land rights disputes in the Keo Seima REDD project in Cambodia

Wildlife Conservation Society and Verra’s auditors failed to report the land rights disputes.

Aug 5 •

Washington Post’s investigation into “carbon cowboys” in the Brazilian Amazon focusses on Michael Greene’s REDD projects

The investigation found that more than half of all REDD projects in the Amazon overlapped with public land.

Jul 29 •

Civil society statement on biodiversity offsets and credits

“A wrong answer to the wrong question.”

Jul 22 •

Jakarta State Administrative Court overturns decision to revoke Rimba Raya REDD project’s license

Rimba Raya Conservation terminated cooperation with InfiniteEARTH in 2023.

Jul 19 •

“Over-issuance of millions of carbon credits”: C-Quest Capital announces “wrongdoing” by its former CEO, Ken Newcombe

At the World Bank, and then in the private sector, Newcombe was one of the major proponents of carbon trading. He also spent 16 years on Verra’s board…

Jun 27 •

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