Reported 12 months ago
Carbon offsets developer C-Quest Capital LLC reported former CEO Kenneth Newcombe to US federal authorities for allegedly issuing millions of environmentally worthless carbon credits. The new leadership team at C-Quest took this rare step in the unregulated carbon offsets market after over-issuance of credits from clean-cooking projects. The allegations have been denied by Newcombe, who was also accused of wrongdoing by private equity firm Vision Ridge Partners.
Source: YAHOO