New York Times reports that Ugandans say they were beaten and forced off their land to make way for a carbon credit forest.
The case twists around an emerging multibillion-dollar market trading carbon-credits under the Kyoto Protocol, which contains mechanisms for outsourcing environmental protection to developing nations.
The company involved, New Forests Company, grows forests in African countries with the purpose of selling credits from the carbon-dioxide its trees soak up to polluters abroad. Its investors include the World Bank, through its private investment arm, and the Hongkong and Shanghai Banking Corporation, HSBC.
In 2005, the Ugandan government granted New Forests a 50-year license to grow pine and eucalyptus forests in three districts, and the company has applied to the United Nations to trade under the mechanism. The company expects that it could earn up to $1.8 million a year.
But there was just one problem: people were living on the land where the company wanted to plant trees. Indeed, they had been there a while.
Are carbon credits the new blood diamonds? (Via The Agitator)
Most Facebook users have no idea how the company tracks and profiles everything they do to target ads, a new Pew Research study confirms.
China’s Huawei is the subject of a U.S. criminal investigation in which federal prosecutors say the Chinese tech company stole trade secrets from U.S. business partners including technology behind a robotic device T-Mobile used to test smartphones, called “Tappy.”
Following up on our earlier story about Roku re-platforming Alex Jones and Infowars, it looks like Roku got so much criticism from users, they’ve reversed course and will remove the Infowars app.
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