Nationwide Warns Customers About Carbon Credit Trading Scams
The Nationwide Building Society/Bank regularly sends customers lists of financial scams to avoid, included in their latest newsletter to customers is Carbon trading:
Carbon Credit trading schemes
The fraudster normally calls investors out of the blue to tell them that carbon credits are ‘the new big thing’ in commodity trading and that they could make significant profits. The caller may claim that industries now have to off-set their CO2 emissions, the government is focusing on green developments, and that carbon credit trading is an ever growing market. While not all carbon credit trading schemes are a scam, you may lose money on your investment by not getting a competitive rate when trading a small volume of carbon credits or not being able to sell your credits at all.
Hat tip to GG Girl for emailing me this.