An analysis of two carbon credit projects in the Brazilian Amazon has found that they may be connected to illegal timber laundering. The projects belong to Ricardo Stoppe Jr., known as the biggest individual seller of carbon credits in Brazil, who has made millions of dollars selling these credits to companies like Gol Airlines, Nestlé, Toshiba, Spotify, Boeing and PwC.
Tag: carbon credits
Company sells Indigenous land in Amazonas as NFTs without community’s knowledge
Areas of the Baixo Seruini Indigenous Land, inhabited by the Apurinã people in the southern Amazonas, were sold by the company Nemus in a project that promises to preserve the forest and generate carbon credits. The Prosecutor’s Office recommended the suspension of the project in December 2022; however, InfoAmazonia identified that negotiations are still ongoing on the internet.