Posts

Showing posts with the label Carbon Trading

PNG government bids to be the ultimate carbon cowboy

PNGExposed Blog While the activities of unscrupulous ‘carbon cowboys’ have attracted much attention in Papua New Guinea over recent years, a confidential proposal shows that the PNG government is itself hoping to carry off the biggest scam of all. The Papua New Guinea government has submitted a proposal to the Norwegians that would see up to US$ 1 billion flow into the corruption riddled Pacific island country. The Somare government came into power in 2002 promising to immediately fast-track 10 large-scale logging projects and soon after threw a World Bank funded forest conservation project out of the country. Since then it has also sanctioned more than 2.5 million hectares of forest clearance for spurious ‘agriculture projects’. But now it is claiming it will change its ways and will bring this forest rape under control – if the Norwegians will just deposit anything between $750 million and $1 billion in its coffers. As we reveal here, the PNG government’s proposal to the Norwegians

PNG government bids to be the ultimate carbon cowboy

PNGExposed Blog While the activities of unscrupulous ‘carbon cowboys’ have attracted much attention in Papua New Guinea over recent years, a confidential proposal shows that the PNG government is itself hoping to carry off the biggest scam of all. The Papua New Guinea government has submitted a proposal to the Norwegians that would see up to US$ 1 billion flow into the corruption riddled Pacific island country. The Somare government came into power in 2002 promising to immediately fast-track 10 large-scale logging projects and soon after threw a World Bank funded forest conservation project out of the country. Since then it has also sanctioned more than 2.5 million hectares of forest clearance for spurious ‘agriculture projects’. But now it is claiming it will change its ways and will bring this forest rape under control – if the Norwegians will just deposit anything between $750 million and $1 billion in its coffers. As we reveal here, the PNG government’s proposal to the Norwegians