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The Guardian - UK
The Guardian - UK
Environment
Patrick Greenfield

Ex-carbon offsetting boss charged in New York with multimillion-dollar fraud

New York Verra United States
Kenneth Newcombe in 2018.
Kenneth Newcombe in 2018. Prosecutors allege he manipulated information on the impact of cooking stove projects in Africa and south-east Asia to make them seem more effective at reducing emissions than they were. Photograph: Courtesy of World Bank

A former carbon offsetting executive has been charged with fraud by US federal authorities, who allege that he helped to manipulate data from projects in rural Africa and Asia to fraudulently obtain carbon credits worth tens of millions of dollars.

Kenneth Newcombe, former CEO of C-Quest Capital LLC and a leading figure in the offsetting industry, was indicted on Wednesday in New York with commodities and wire fraud.

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