US court orders Oregon investor to pay over $120 mln for fraud, Ponzi scheme involving carbon offsets
An Oregon-based investor and his associated firms have been ordered by a US judge to pay over $120 million in restitution and disgorgement for operating a Ponzi scheme and committing fraud related to digital asset investments and a carbon offset programme, a federal court ruled on Wednesday.
Read MoreCEO of SBTi to step down
The CEO of the Science Based Targets initiative (SBTi), Luiz Amaral, has decided to step down from his role for personal reasons, with the decision to take effect at the end of June and the process to replace him already underway.
Read MoreUS-based soil carbon firm exploring sale options amid challenging voluntary market conditions
A US-based soil carbon removals platform has put itself up for sale amid challenges in the wider voluntary market, Carbon Pulse has learned.
Read MoreAustralian cookstove project developer raises $3.75 mln from investors
A project developer that seeks to decarbonise cooking with the use of smart stoves has raised $3.75 million in its Series-A round.
Read MoreShell trader joins Trafigura carbon desk
A senior carbon trader with Shell has left to join the emissions desk at trading house Trafigura, Carbon Pulse has learned.
Read MoreFormer CQC boss Newcombe denies wrongdoing allegations, calls them part of plot by investor to seize control of firm
The former CEO of project developer C-Quest Capital (CQC) Ken Newcombe has denied the allegations of wrongdoing made against him, calling them part of a plot by a major investor to seize control of the company.
Read MoreFormer C-Quest Capital CEO accused of wrongdoing, reported to US authorities over alleged carbon credit over-issuance
Project developer C-Quest Capital (CQC) on Wednesday revealed that it has uncovered significant wrongdoing by its founder and former CEO Ken Newcombe that allegedly resulted in the over-issuance of millions of voluntary carbon credits, leading the firm to report the matter to US authorities and fire a number of senior executives and staff.
Read MoreIntegrity Council for the Voluntary Carbon Market appoints first CEO
The private sector-led Integrity Council for the Voluntary Carbon Market (ICVCM) has named its first CEO.
Read MoreVeteran North American carbon, energy trader joins European utility
A veteran North American carbon and energy sales trader has joined one of Europe’s largest utilities.
Read MoreFormer Viridios head joins advisory firm as carbon markets director
A former head at fintech company Viridios in Australia has joined an engineering advisory firm as carbon markets director, they announced Monday.
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