Guyana Anti Corruption Network

**FOR IMMEDIATE RELEASE**

**Guyana Anti-Corruption Network (GACN) Launches Four‑Part Investigative Series Exposing the Collapse of Pomeroon Trading and a $30,000 Carbon Credit “Hoax”**

**GEORGETOWN, Guyana – April 11, 2026** – The Guyana Anti‑Corruption Network (GACN) today announced the release of a four‑part investigative series, **“The Bitter Harvest,”** detailing the dramatic rise and fall of Pomeroon Trading (Holdings) Ltd. – a coconut startup once celebrated by Guyana’s Ministry of Agriculture and British Deputy Prime Minister David Lammy – and its suspicious acquisition by a Canadian shell company for just $30,000.

The series reveals how a company that had promised a US$8 million processing facility, an initial public offering, and hundreds of local jobs was secretly sold to a Vancouver‑based carbon credit speculator, leaving a 91‑year‑old Guyanese landowner with a ruined estate, unpaid rent, and no support from the very government that had embraced the project.

**Key findings of the investigation include:**

– **A $30,000 “Fire Sale”** – On June 29, 2022, Klimat X Developments Inc. (now Carbon Done Right) acquired 65% of Pomeroon Trading for a mere $30,000, despite the company having claimed millions in investment and a future IPO at US$7.50 per share.

– **A Shell Company Reverse Merger** – Klimat X was formerly Earl Resources Limited, a shell listed on the NEX “junior” board. The acquisition allowed it to relist on the main TSX Venture Exchange as a carbon credit company.

– **Insider Conflicts** – Neil James Passmore, co‑founder of Pomeroon Trading, became a director of Klimat X, effectively approving the sale of his own company. He retains a significant stake in the parent company.

– **A Carbon Credit Mirage** – The Guyana coconut asset has never generated a single verified carbon credit, yet Klimat X continues to present it as a core segment of its portfolio to attract investors.

– **Government Silence** – Despite having met with Pomeroon Trading executives and praising their investment in 2018 and 2021, Guyana’s Ministry of Agriculture has issued no public statement on the collapse, the legal battle, or the fate of landowner Zena Stoll.

– **David Lammy’s Role** – The British Deputy Prime Minister, who was an unpaid adviser and shareholder, allegedly gave his phone number to Ms. Stoll but later ignored her pleas for help. A spokesman says he sold his shares for a “nominal sum of £500” upon entering government.

**The four‑part series will be published as follows:**

– **Part One: The Promise and the Government Embrace** – How Pomeroon Trading won over British politician David Lammy and Guyana’s Ministry of Agriculture, and the grand plans that never materialised.

– **Part Two: The $30,000 Acquisition and the Carbon Credit Pivot** – The suspicious reverse merger with a Canadian shell company and the transformation of a coconut farm into a carbon speculation vehicle.

– **Part Three: The Insiders and the Collapse** – Profiles of the key figures (James Tansey, Neil Passmore, Abayomi Akinjide), the ongoing legal battle with Zena Stoll, and David Lammy’s alleged abandonment.

– **Part Four: The Hoax, The Silence, and The Verdict** – Six red flags of a financial scheme, the Guyanese government’s conspicuous silence, and the GACN’s formal recommendations for investigation.

**The GACN is calling for:**

– A full forensic audit of the Pomeroon Trading acquisition by Canadian and Guyanese authorities.
– An investigation into Neil James Passmore’s dual role as seller and buyer.
– A parliamentary inquiry in Guyana into the Ministry of Agriculture’s due diligence and its failure to respond to the collapse.
– Support for Zena Stoll in her High Court lawsuit against Pomeroon Trading.

**Quote from GACN Spokesperson:**
*“This is not just a failed coconut farm. It is a case study in how the global carbon credit industry can be exploited to create value from nothing – acquiring assets at nominal prices, packaging them into publicly traded shells, and using government endorsements as a credibility prop. The people of the Pomeroon region were promised sustainable development. They got a ruined estate and a 91‑year‑old landowner abandoned by those who once championed her land.”*

**The full series will be available starting April 11, 2026 on the GACN website and distributed to media partners.**