Customs agents this week arrested nine people in the London area suspected of a multimillion dollar fraud in trading carbon permits, bringing attention to a rich new field for crime sprung from the fight against climate change. The arrest confirmed fears among law enforcement officers that swindlers โ operating from the trading floors of Europe to the tropical forests of the Pacific โ are being attracted to a market that has grown to more than $100 billion.ย
Corporate pledges to fight deforestation by turning degraded pasture into cropland seen boosting demand for harmful chemical inputs.
As the New York-based firm was preparing to work on the climate summit, it was also pushing for Brazilian oil and gas distributor Vibra Energia to help power it.
Trade groups lobbied ministers to promote a source of energy linked to massive environmental harms at the U.N. climate conference.
Agribusiness companies generate huge quantities of greenhouse gas pollution โ and PR companies help them obscure it.
