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US charges against carbon-offsetting boss highlight wider industry problems

Friday 18 Oct 24 10:45am

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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