The Financial Services Authority (FSA) are receiving an increasing number of reports from people who have been approached by firms promoting carbon credit trading schemes or offering carbon offsets as part of an investment product to individuals.
ClimateCare recommends that any individual that has been approached by a business selling carbon offsets as a personal investment reads the advice on the FSA's website.
http://www.fsa.gov.uk/Pages/consumerinformation/scamsandswindles/investment_scams/carbon_credit/index.shtml
Unauthorised firms
The FSA also keeps a record of firms that are providing investment advice or selling investment products but are not regulated by the FSA. For a list of these firms please visit this page:
http://www.fsa.gov.uk/pages/Doing/Regulated/Law/Alerts/unauthorised.shtml
ClimateCare’s position
ClimateCare provides high quality Verified Emission Reductions to help individuals and businesses take responsibility for their carbon emissions by offsetting their carbon footprint. ClimateCare does not recommend VERs should be purchased by unsophisticated Investors as an investment.