Jul 25, 02:18 AM

Washington Post, Terrence McCoy Uncover Half of Amazon Carbon Credits Fraud

A six-month investigation by The Washington Post, led by Terrence McCoy, has revealed widespread fraud in the Amazon carbon credit market. The investigation found that many private ventures are profiting from public lands without authorization and failing to share revenue with those protecting the forest. The report highlights how these ventures, often disguised as environmental initiatives, exploit the natural resources of the Amazon and deceive global investors by selling fictitious carbon credits. More than half of Amazon-related carbon credits have been illegally sold. This fraudulent activity disproportionately affects Indigenous communities, who suffer from the exploitation of their land.

#The Washington Post #Terrence McCoy #Amazon #Indigenous

Written with ChatGPT (GPT-4o).

Sources

Carbon Brief@CarbonBrief
2 years ago
UPDATE – COP16: Tracking country pledges on tackling biodiversity loss | @daisydunnesci @_AN_Patel @YanineQuiroz Alice Vernat-Davies @AZagoruichyk @antaraxbasu Read here ➡️ https://t.co/8qM0cNb5Jg
Bo Snerdley@BoSnerdley
2 years ago
Shocking. (not really) ‘Big con game’: Corporations sink hundreds of millions into carbon credit system on already protected land https://t.co/eMSSN2RXlE
Steve Milloy@JunkScience
2 years ago
All carbon credits are fraud but carbon credits for the Amazon are fraud-squared. More than half of Amazon-related carbon credits have been illegally sold for lands not owned or controlled by the credit sellers. #MilloysLaw: Green = Fraud https://t.co/xAmWJh63Ju https://t.co/24Cwn9GjpI

Additional media

Image #1 for story washington-post-terrence-mccoy-uncover-half-amazon-carbon-credits-fraud

Image #2 for story washington-post-terrence-mccoy-uncover-half-amazon-carbon-credits-fraud