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    What's this?
Great big green scam took investors for millions
Two guys peddled the idea of making money with renewable energy and biochar but ultimately ended up just taking their investors for millions.
Fri, Aug 05 2011 at 4:54 PM

Related Topics:

Alternative Energy, BioChar

Photo credit: BEST Energies

5280, aka The Denver Magazine, has a great long form piece about a multi-million dollar ponzi scheme run by a couple of guys selling the dream of clean energy. The main perpetrator of the scheme, Wayde McKelvy, sold investors on the idea that his company was going to rake in big bucks by developing the country's first CO2-negative community and by converting garbage into biochar. In all he fleeced investors out of $35 million dollars.
 
Swing over and give it a read.
 
 
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anonymous
Erich J. Knight Aug 07 2011 at 12:08 AM
Mantria also stole some very good technology, the pyrolysis reactors developed by Dr. Antal at the university of Hawaii. The technology is good, these con-men tarnished the industry. Black Swan of Biochar Short a nano material PV / thermoelectrical / ultracapasitating Black swan, What we can do NOW, what I suggested at the Commission for Environmental Cooperation, to the top three EPA officials of north America, A Biochar Black Swan. Bellow the opening & closing text. A Report on my talk at CEC,
.... More
and complete text & links are here:http://tech.groups.yahoo.com/group/biochar-policy/message/3233 Titled; The Establishment of Soil Carbon as the Universal Measure of Sustainability The Paleoclimate Record shows agricultural-geo-engineering is responsible for 2/3rds of our excess greenhouse gases. The unintended consequence, the flowering of our civilization. Our science has now realized these consequences and has developed a more encompassing wisdom. Wise land management, afforestation and the thermal conversion of biomass can build back our soil carbon. Pyrolysis, Gasification and Hydro-Thermal Carbonization are known biofuel technologies, What is new are the concomitant benefits of biochars for Soil Carbon Sequestration; building soil biodiversity & nitrogen efficiency, for in situ remediation of toxic agents, and, as a feed supplement cutting the carbon foot print of livestock. Modern systems are closed-loop with no significant emissions. The general life cycle analysis is: every 1 ton of biomass yields 1/3 ton Biochar equal to 1 ton CO2e, plus biofuels equal to 1MWh exported electricity, so each energy cycle is 1/3 carbon negative. Beyond Rectifying the Carbon Cycle; Biochar systems Integrate nutrient management, serving the same healing function for the Nitrogen and Phosphorous Cycles. The Agricultural Soil Carbon Sequestration Standards are the royal road for the GHG Mitigation; The Bio-Refining Technologies to Harvest Carbon. The photosynthetic "capture" collectors are up and running all around us, the "storage" sink is in operation just under our feet, conversion reactor are the only infrastructure we need to build out. Carbon, as the center of life, has high value to recapitalize our soils. Yielding nutrient dense foods and Biofuels, Paying Premiums of pollution abatement and toxic remediation and the growing Dividend created by the increasing biomass of a thriving soil community. Since we have filled the air, filling the seas to full, soil is the only beneficial place left. Carbon to the Soil, the only ubiquitous and economic place to put it.
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