US authorities investigate Aspiration’s carbon credit practices amid LA Clippers’ green partnership
![US authorities investigate Aspiration’s carbon credit practices amid LA Clippers’ green partnership](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/01/mae-moh-coal-power-plant-with-smoke-and-toxic-air-2023-11-27-05-27-34-utc-1-scaled.webp)
The Justice Department and Commodity Futures Trading Commission are reportedly investigating Aspiration, a California fintech, over potential misconduct related to its carbon offset sales.
Aspiration, once a sponsor for the Los Angeles Clippers’ sustainable arena initiative, is now under scrutiny for potentially misleading customers about the quality of carbon credits it sold.
The voluntary carbon offset market has grown substantially, reaching about $2 billion, prompting regulatory attention to ensure transparency and integrity.
Investigations are ongoing, focusing on Aspiration’s co-founders and practices within the emerging carbon credit industry.
![](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/06/Depositphotos_383834438_S-150x150.jpg)
Invesco launches $1.6 billion US climate ETF backed...
-
Amid US investors withdrawing from susta...
- 28/06/2024
![](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/06/https___cloudfront-us-east-2.images.arcpublishing.com_reuters_BMYQFYGB2JOAFBLJ63VRQFZATI-150x150.jpg)
Capital cities swelter as days above 35°C jump...
-
A study by a think tank revealed a 52% i...
- 28/06/2024
![](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/06/Depositphotos_73537517_S-150x150.jpg)
EU regulators push for revisions in landmark ESG...
-
Regulators overseeing the markets, banki...
- 19/06/2024
![Biden administration will lease public lands for conservation under new protection measures](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/04/Depositphotos_676121296_S-150x150.jpg)
Financial firms rally for treaty to combat plastic...
Ahead of the upcoming fourth meeting of the Intergovernmental ...
- 19/04/2024
Related News
For the first time this year, the price of offshore wind power in China will fall below that of coal-generated electricity. The government has approved […]
Recurrent Energy, a developer, owner, and operator of solar and energy storage assets, announced that it had completed signing a $103 million tax credit facilitation […]
Renewco Power, a UK-based renewable energy platform, announced a joint venture with INDHO, a green hydrogen developer, to develop a new platform focused on green […]
Japan announced a new proposal that includes stricter rules for domestic producers of sustainable aviation fuel (SAF) to help cut greenhouse gas (GHG) emissions. It […]
Sirona Technologies, co-founded by a former Tesla engineer, announced that it had raised a €6 million seed round to advance its mission of combating climate […]
The Climate Bonds Initiative (CBI) announced a collaboration with the UNEP Finance Initiative and Principles for Responsible Investment to support global interoperability and implementation of […]