Skip to Primary Navigation

Agencies bring civil, criminal charges for firm’s massive carbon credit frauds

Wind turbine and polluting chimneys
Photo: Sean Gallup/Getty Images

By manipulating data, QCQ Impact Investors was able to accumulate millions more in carbon credits than otherwise allowed.

The first enforcement action against fraud in the voluntary carbon markets has been settled, with CQC Impact Investors LLC (AKA C-Quest) agreeing to pay $1m to the Commodities Future Trading Commission (CFTC).

Civil charges were filed by the CFTC against CQC for fraud in overrepresenting emission reduction statistics to receive