Quantcast
Channel: EnviroLink Network
Viewing all articles
Browse latest Browse all 2258

Top brands buy Amazon carbon credits from suspected timber laundering scam

$
0
0

Two major carbon offset projects in the Brazilian Amazon, whose credits have been sold to companies like GOL Airlines, Nestlé, Toshiba and PwC, may have been used to launder timber from illegally deforested areas. The conclusion comes from an analysis by the Center for Climate Crime Analysis (CCCA), a Netherlands-based nonprofit founded by prosecutors and investigators that investigates emitters of climate-warming greenhouse gases. Brazilian authorities had already launched timber laundering probes in the areas covered by CCCA’s analysis, which resulted in the suspension of logging authorizations. The owner of a company responsible for one of these projects has a prior conviction for timber laundering. CCCA made the analysis at Mongabay’s request after an anonymous source highlighted the participation of people convicted of timber laundering in the projects. CCCA analyzed two REDD+ projects, called Unitor and Fortaleza Ituxi,  in the municipality of Lábrea, in Amazonas state. The two projects cover a combined area of 140,862 hectares (348,078 acres) — twice the size of London — and aim to avoid 660,598 metric tons of CO2 emissions per year by preventing the spread of deforestation in one of the Amazon’s most under-pressure areas. CCCA found evidence of possible timber laundering in two REDD+ projects in the south of Brazil’s Amazonas state. REDD+ stands for reducing emissions from deforestation and forest degradation. The idea behind it is that landowners receive money for protecting an area that could otherwise be deforested. Emissions that are avoided as a result of this protection can then be sold…This article was originally published on Mongabay

The post Top brands buy Amazon carbon credits from suspected timber laundering scam first appeared on EnviroLink Network.


Viewing all articles
Browse latest Browse all 2258

Trending Articles