Carbon market participants are now learning about the impact of the Commodity Futures Trading Commission's Environmental Fraud Task Force, just a year after its creation.
Launched to "combat environmental fraud and misconduct in derivatives and relevant spot markets," the unit's creation further conveyed the agency's interest in policing fraud in voluntary carbon markets and environmental, social and governance investment strategies on an ongoing basis.
The task force has now earned the CFTC a sizeable monetary ruling that will likely incentivize similar enforcement pursuit. The decision follows a series of actions by the agency intended to advance the commission's oversight of voluntary carbon credit markets.
LINKS
Read “Carbon Offset Case A Win For CFTC Enviro Fraud Task Force,” co-authored by Ryan Hayden and published by Law360. (subscription)