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.
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