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High Court shuts down three firms over £3.2m carbon credit scam

The High Court has ordered three firms into liquidation over a £3.2m scam selling carbon credits to investors at inflated prices.

Global Carbon Broking, Global Neutral and Future Carbon were ordered to be wound up on 18 December following an investigation by the Insolvency Service.

Global Carbon Broking supplied carbon credits to Global Neutral which then marketed them to the public at inflated prices. Future Carbon was an additional carbon credit supplier.

All three companies were linked to World Future Limited, a firm which raised £2.5m by selling carbon credits to the public in the same way.

World Future Limited and two other connected companies, Capital Wealth and Fourteenforty Limited, were ordered into liquidation by the High Court in March 2013.

Insolvency Service company investigations supervisor Chris Mayhew says: “This blow formally brings to an end a thoroughly disreputable group of companies selling carbon credits to the public by false and misleading statements.

“The Insolvency Service will not allow rogue companies to rip off vulnerable and honest people and will investigate them and shut them down.”

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  1. I kept getting calls telling me what a good idea this was.

    As I suspected, they were trying to sell me fresh air.

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