START A PETITION 25,136,189 members: the world's largest community for good
START A PETITION
x
Mar 28, 2013

http://pokhknot.wordpress.com/2013/03/01/carbon-credit-20-profit-boast-from-mh-carbon-limited-that-went-up-in-smoke/

 


T.D.writes: I invested in carbon credits that I bought from MH Carbon Limited, after the company told me that businesses buy these credits. Mine were supposed to be sold in October. 

When October came I was told that while I stood to make a 20 per cent profit, if I waited until November this would rise to 25 per cent. It seemed sensible to wait, but then in November, MH Carbon told me no one was buying. 

The company added that in April the Government would be introducing legislation that would force businesses to buy carbon credits or face heavy fines. I invested all my savings, so now I am extremely worried.



I have yet to see any ordinary investor make a penny from trading in carbon credits, and I am afraid you are not going to be the first – though I do have some good news for you.

MH Carbon, based in the City of London, is run by its sole director Jeffrey Razaq, so I asked him whether it was true you were first told your credits were showing a 20 per cent profit, with a promise of more to come, yet suddenly they could not be sold at all.

He told me he had bought the company on November 14 last year, and that the broker who dealt with you had already left by then. There was no record of what you had been told, he said.

Well, I asked, what about the idea that the Government was going to force companies to buy carbon credits from investors like you? Razaq came up with an announcement made last June, but he had the honesty to admit that all this does is make major companies report their greenhouse gas emissions. By no stretch of the imagination does it force them to buy credits.

Fair enough, but what about the claim on MH Carbon’s website that ‘the EU carbon price may triple by 2013’? Did it? And even if it did, there are two different types of credit – one traded by governments and international corporations, and ‘voluntary credits’ sold by firms such as MH Carbon to people like you – so which one saw the massive price rise? 


For more info check the link below:
http://www.thisismoney.co.uk/money/experts/article-2283339/Carbon-credit-20-profit-boast-MH-Carbon-Limited-went-smoke.html

Visibility: Everyone
Posted: Thursday March 28, 2013, 10:04 pm
Tags: energy india news environment global experts savingasia [add/edit tags]

Group Discussions
Comments
Or, log in with your
Facebook account:

Author

Jaabrwoning J.
female, age 23,
Canada
JAABRWONING'S SHARES
Jan
13
(0 comments  |  discussions )
\nChief of Strategy for Content and Media Chase Franklin International\r\nChase Franklin is Chief of Strategy for Content and Media at Amdocs, the leader in providing Intentional Customer Management systems for world’s largest telecommunications, c...
Feb
27
(0 comments  |  discussions )
\nhttp://pokhknot.tumblr. com/post/44102727639/smar t-energy-issues-report\r\ n \r\n \r\nMark et Intelligence What are the leading causes of today\'s energy shortages? What role does energy security play? Are new developments in energy efficiency a...
Feb
25
(0 comments  |  discussions )
\nhttp://pokhknot.tumblr. com/post/43940434826/help ing-our-firms-stay-compet itive-by-cutting-energy\r \n \r\nSince setting up business in 2009, Norman Crowley\'s company – his third since he retired at 29 – has built up revenues of €30m....


SHARES FROM JAABRWONING'S NETWORK
No shares


MORE MEMBER BLOGS
Mar 31
Blog: How to Extend the Life of your TRIAD Boilers by Kayleigh L.
(0 comments  |  discussions ) — \\nHow to Extend the Life of your TRIAD Boilers \\r\\n \\r\\nCorlis Engine Review\\r\\nEvery user desires to prolong the life of a unit. TRIAD assists their clients in achieving this important objective by informing them of ways they can avoid problems... more
Feb 27
Blog: Dr Oz Weight Loss - The 100% Natural And Very Efficient Diet Pill by Debra S.
(0 comments  |  discussions ) — \\nYes, Dr. Oz called Garcinia Cambogia Extract (HCA) the Holy Grail of Weight Loss. He went on to say, “Anytime I see a scientist get this excited about something like Garcinia Cambogia Extract and when I looked through some of this research and... more
Blog: My Favorite Websites by krysta I.
(0 comments  |  discussions ) — \\nIFAW: www.ifaw.org\\r\\nOCEANA www.oceana.org\\r\\nPETA: www.peta.org\\r\\nEARTH 911: www.earth911.org\\r\\nANI MALs ASIA: www.animalsasia.org\\r\\n \\r\\n\\r\\n\\n more
Feb 21
Blog: testing one two three by Geoff M.
(0 comments  |  discussions ) — hello world more
Blog: Garcinia Cambogia Reviews From Actual People Garcinia Pure Extract Is A Huge Success February 20 by Dany M.
(0 comments  |  0 discussions ) — \\nGarcinia Cambogia Reviews From Actual People Garcinia Pure Extract Is A Huge Success February 20\\r\\nGarcinia Cambogia System The Dr. Oz Lose Weight Quick Process Without Having Side Effects\\r\\nHe went on to say, “At any time I see a researcher... more
 
Content and comments expressed here are the opinions of Care2 users and not necessarily that of Care2.com or its affiliates.