Verra cancels five million 'overissued' cookstove credits listed by C-Quest Capital

Cecilia Keating
clock • 3 min read
Verra cancels five million 'overissued' cookstove credits listed by C-Quest Capital

Millions of credits nixed from credit registry shortly after it is confirmed former CEO of carbon credit firm is facing US fraud charges

Verra has cancelled five million voluntary carbon credits issued to carbon offset developer C-Quest Capital, following an internal investigation into the firm this summer. In announcement yesterday,...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Offsets

Meta pledges to secure at least $35m of carbon removal contracts

Meta pledges to secure at least $35m of carbon removal contracts

Facebook, Instagram, and WhatsApp owner pledges to investment millions in new projects in response to US Department of Energy's Carbon Dioxide Removal Purchasing Challenge

Stuart Stone
clock 14 October 2024 • 2 min read
'Immense relief': Government confirms it is to consult on Voluntary Carbon Market reforms

'Immense relief': Government confirms it is to consult on Voluntary Carbon Market reforms

Climate Minister says government wants to realise more of the potential offered by carbon and nature markets

James Murray
clock 27 September 2024 • 4 min read
British Airways becomes 'UK's largest' carbon removals buyer after landing $11m deal

British Airways becomes 'UK's largest' carbon removals buyer after landing $11m deal

CUR8 to manage portfolio of 33,000 carbon credits as part of $11m deal that makes BA the airline industry's largest buyer of carbon removals

Stuart Stone
clock 23 September 2024 • 3 min read