PETALING JAYA: Climate Protectors is seeking legal advice following comments made by Amanah vice-president Husam Musa over an alleged carbon trading scheme by the company.
“Climate Protectors Sdn Bhd and I are currently seeking legal advice from our solicitors with regards to our legal rights following the statements published during a press conference as well as all the republication in newspapers or social media.
“We reserve our right to take legal action against those who are responsible for publishing or circulating such statements,” Climate Protectors CEO Tang Too Siah said in a statement.
Tang was referring to allegations made by Husam on June 3 that Kelantan had approved one million acres (404,685ha) of permanent forest reserve for a carbon trading scheme.
Husam had said he feared the scheme might be a way to cheat the public as it aimed to raise funds by selling digital tokens.
The enormous forest area, approved to Climate Protectors under a 30-year concession, covers a quarter of the state’s land mass and includes a portion of Taman Negara.
Husam said Climate Protectors and its associate, EcoBit, were listed on Bank Negara Malaysia’s (BNM) website on June 23 as companies operating without the central bank’s approval.
Yesterday, Kelantan Menteri Besar Ahmad Yakob said the state government never authorised a carbon trading company red-flagged by BNM to collect money from the public for a project to reduce the “carbon footprint”.
He said anyone who had made payments to the company should lodge a report with the police.
“The state government has been accused of collecting money illegally under the carbon trading scheme.
“The state government wishes to stress it never authorised or asked Climate Protectors Sdn Bhd or any other company to collect money to carry out the carbon trading project,” said Ahmad.
According to a write-up on EcoBit’s website, the concession would be used “to preserve the rainforest and to reduce polluted gases in the air to reduce the carbon footprint”.
The write-up, under the heading “30 years profit”, said the project would be implemented in phases and invited investors to take part.
Last January, PAS’ official organ Harakahdaily reported that Kelantan would pioneer carbon trading in Malaysia in an effort to reduce the emissions of carbon from rampant logging activities.