INVESTIGATION: Investors poured millions into Earthbanc. Now its carbon project is being shutdown amidst legal battle

Earthbanc, one of Europe’s fastest-growing climate tech startups, has secured tens of millions of dollars from investors and pharmaceutical giant AstraZeneca.

Now, Impact Loop can reveal that one of its flagship carbon credit projects in Kenya was recently shut down – amid an ongoing court case, allegations the project inflated its climate impact, and backlash from local communities.

Meanwhile, a sister project in India with ties to King Charles III appears to be plagued by similar issues, a months-long Impact Loop investigation has found.