Deal #3156 Version #88096

The Swedish Energy Agency—Green Resources' sole carbon credit purchaser—announced on November 3, 2015 it has frozen payments to Green Resources after the Swedish Minister for Climate and the Environment spoke out strongly against the company's conduct. The Swedish Energy Agency says they have paid out SEK 1.2 million ($137,000) to the project. The remaining payments of up to about SEK 35 million ($4 million) will be frozen until a number of significant changes are made to the project in order to address the concerns raised by local communities. Decision to be made in 2018. In 2017 Green Resources commissioned an audit of company activities (in data sources- BUSOGA FORESTRY COMPANY LIMITED (BFC), KACHUNG FORESTRY PLANTATION: LIRA REGION, UGANDA). Oakland Institute also undertook an audit of company activities (in data sources - "CARBON COLONIALISM FAILURE OF GREEN RESOURCES' CARBON OFFSET PROJECT IN UGANDA").