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One week after the Commodity Futures Trading Commission’s (CFTC) Whistleblower Office issued an alert seeking tips on potential fraud and manipulation in the carbon markets, the CFTC...
Carbon credits and allowances, as well as many other environmental products, are generally recognized as commodities. As a result, the CFTC has enforcement authority to pursue fraud and manipulation claims relating to interstate transactions in these commodities.
Many major companies have announced a blueprint to minimize their carbon footprint. Some companies have gone so far as to proclaim that they will achieve “net zero” emissions in the...
Many companies have plan to minimize carbon footprint; some plan to achieve net zero emissions in near future by purchasing carbon offset credits, defined as tradable rights or certificates linked to activities that lower the amount of carbon dioxide CO2 in the atmosphere.
<p><span>Thank you, Chairman Harris, Ranking Member Bishop, and members of this Subcommittee. I appreciate the opportunity to testify on the President’s fiscal year 2024 budget request for the Commodity Futures Trading Commission (CFTC or Commission). Thank you for your historical support of the CFTC and its funding needs.</span></p>