Fraudulent firms’ £3.5m carbon credit scams

The management teams of two companies running carbon credit scams have been banned from trading. The disqualifications follow an Insolvency Service investigation into their fraudulent selling of voluntary emission reductions (VERs), a type of carbon credit, to members of the public as an investment. Both companies lied about the nature of the VERs they were selling, which are intended to be retired by businesses or individuals to […]

UK carbon credit director disqualified

A carbon credit company’s director has been penalised with a 14-year disqualification for an investment scam. Christopher James Thompson, Director of CT Carbon Limited (CTCL) made sales totalling £1.1 million by selling Voluntary Emission Reductions (VERs) as an investment. After receiving a letter from a journalist highlighting concerns regarding the rates offered by CTCL and […]