US charges against carbon-offsetting boss highlight wider industry problems
18 Oct 2024
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| PHOTO: CQuest Capital |
Kenneth Newcombe, a carbon-offsetting pioneer, is accused of a 100-million-dollar fraud scheme that could see him sentenced to 20 years in jail.
The businessman previously sat on the board of the industry’s largest regulator, and the charges have led to a wider fallout and questions about oversight.
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Trump’s ‘big beautiful bill’ blows US emissions goal by 7bn tonnes
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President Donald Trump’s dismantling of climate policy means the US will add an extra 7bn tonnes of emissions to the atmosphere from now until 2030, compared to meeting its former climate pledge under the Paris Agreement.
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