A whistleblower CEO who has watched his company become insolvent through an alleged scandal says an oilfield linked to a multi-billion dollar scheme was actually a chicken farm, as Germany battles allegations of a potential $5 billion fraud over carbon reduction schemes.
Several biomethane suppliers who have partnered with major oil and gas companies on Upstream Emission Reduction (UER) credit schemes say dozens of overseas projects were faked, putting German regulators, auditors, and companies like Shell in the spotlight.
