Friday, June 8, 2012

A green investment that turned hazardous

A green investment that turned hazardous | Money | The Guardian:
"Is this the latest big trap for investors? Every day, thousands of people are being cold-called to encourage them to invest in environmentally friendly carbon credit certificates offering "safe" returns of 10% to 15% a year.
But regulators are warning that many of these companies are "knowingly run scams", often conducted by the same people who misled investors through "boiler room" share-selling.
Carbon credits can seem like an attractive opportunity for investors or anyone who wants to offset their carbon footprint, but the Financial Services Authority says people should be wary, and it is concerned that an increasing number of firms are using "dubious, high-pressure sales tactics and targeting vulnerable consumers".
The Entire Article can be read at The Guardian

It's called snake oil y'all
it's been around for a long, long time.
    - Listening to Steve Earle's 'Snake Oil' could help explain the article.

No comments:

Post a Comment