Guyana Anti Corruption Network

🥥 THE BITTER HARVEST: A GACN INVESTIGATION IN FOUR PARTS

## PART THREE: THE COLLAPSE, THE COURTROOM, AND THE POLITICIAN WHO RAN

**How a 91‑year‑old Guyanese landowner was left with a ruined estate, a Canadian carbon company imploded under regulatory pressure, and David Lammy “ran as far as he could.”**

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### I. The Ruin of the Stoll Estate

While corporate filings in Vancouver painted a picture of a thriving carbon credit enterprise, the reality on the ground in the Pomeroon region told a very different story.

**Zena Stoll**, now 91 years old, had leased her family’s 700‑acre Stoll Estate to Pomeroon Trading in 2017. At the launch, she had publicly called the company the “perfect partner to turn our land into a world‑class business.” But the partnership did not last.

In court filings, Ms. Stoll alleges that Pomeroon Trading failed to pay **$387,000 (£288,000) in rent** and caused **$500,000 in damages**. She claims that under the company’s management, “buildings fell into disrepair, families who had worked on the estate for many years left, and the drainage system began to lose efficiency.” Her legal team accuses Neil Passmore of having “taken advantage” of her when she handed control of her family’s legacy to his company after he obtained a lease agreement from her in 2017.

Pomeroon Trading has filed a counterclaim, arguing that Ms. Stoll leased the property on “false pretences” and that she failed to provide documentation proving she was the estate’s rightful owner – which, the company claims, “scuppered plans to drum up investment.” The company is seeking $100,000 in damages and a refund of all rent paid.

The case is currently being heard in the **High Court of Guyana**. As of the date of this report, no final judgment has been issued.

For Ms. Stoll, the legal battle is not just about money. It is about the destruction of a family legacy. “I grew up on the Stoll estate and my parents planted it,” she had said at the launch. Those words now ring hollow.

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### II. The Implosion of Carbon Done Right

While the High Court deliberates, the corporate parent that acquired Pomeroon Trading has itself fallen into deep distress.

**Carbon Done Right Developments Inc.** (formerly Klimat X Developments Inc.) – the TSX Venture Exchange‑listed company that bought 65% of Pomeroon Trading for $30,000 – has faced a series of dramatic setbacks that raise serious questions about the viability of its entire business model.

**Regulatory Cease Trade Order**

On **July 30, 2025**, a Cease Trade Order (CTO) was issued against Carbon Done Right by Canadian regulators under National Policy 12‑207, which addresses failure‑to‑file cease trade orders and revocations in multiple jurisdictions. The CTO halted all trading in the company’s shares. On August 5, 2025, the Canadian Investment Regulatory Organization (CIRO) formally suspended trading of Carbon Done Right’s stock on the TSX Venture Exchange under the symbol KLX.

The bulletin noted that “upon revocation of the Cease Trade Order, the Company’s shares will remain suspended until the Company meets TSX Venture Exchange requirements. Members are prohibited from trading in the securities of the companies during the period of the suspension or until further notice.”

**Desperate Fundraising**

In the months leading up to the CTO, Carbon Done Right engaged in a series of increasingly desperate fundraising efforts. In January 2025, the company announced a non‑brokered private placement, which it later upsized and extended. The offering was expected to close during January 2025, subject to the receipt of all necessary approvals, including the conditional approval of the TSX Venture Exchange.

By May 2025, the company was still struggling to close its financing, announcing yet another non‑brokered private placement and a shares‑for‑debt settlement.

**Plummeting Revenue**

The company’s financial collapse is stark. According to insider tracking data, Carbon Done Right’s revenues decreased by **61%** to just C$68,000 in 2024. Net loss applicable to common stockholders increased by **40%** to C$6.3 million. In other words, a publicly traded company that had acquired a Guyanese coconut farm, a Sierra Leone rewilding project, and a Mexican mangrove restoration contract was generating less revenue than a small retail shop – and losing millions of dollars doing so.

**The Carbon Credit Mirage Persists**

As of the date of this report, there is **no evidence** that any carbon credits have been generated from the Guyana Coconut segment. The company’s own website continues to describe the partnership with Pomeroon – Caribbean Coconuts & Spices as one that “will drive sustainability and meaningful impact” – but no verified carbon credits have been issued.

The Sierra Leone project, the company’s flagship, has been submitted for validation under Verra’s protocol, but actual carbon credit issuance remains in progress. The Guyana asset – acquired for $30,000 – remains a paper asset, a placeholder on a portfolio that has failed to deliver any return to investors.

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### III. David Lammy: The Politician Who “Ran as Far as He Could”

The most prominent figure associated with Pomeroon Trading is not a Guyanese official or a Canadian executive, but **David Lammy**, the British Deputy Prime Minister and Justice Secretary, whose parents are from Guyana.

Lammy served as an **unpaid adviser** to Pomeroon Trading and held shares in the company between 2019 and 2024. He toured the plantation with Guyanese government officials and foreign investors, and publicly declared that the company was “proof that the country’s Green State development strategy is serving in parallel to attract investment, expertise and responsible practice to the agriculture industry.”

But when the company collapsed and the landowner came forward, Lammy’s involvement took a darker turn.

**The Allegation of Abandonment**

Ms. Stoll claims that Lammy gave her his mobile phone number in 2018 after she attended an event in London at which he had endorsed Pomeroon, telling her to call him if she had any questions. When the dispute with Pomeroon Trading erupted, she tried to phone him – but received no answer.

She tracked him down to a hotel in Georgetown, the Guyanese capital, in 2023 and waited in the lobby for three days, sending him notes. She received no reply.

“He abandoned me,” she told The Telegraph. “I depended on him to put in a word for me… I’m disappointed in you, minister.”

**Stanley Ming**, a Guyanese businessman who approached Lammy on Ms. Stoll’s behalf, was even more direct: “When David recognised what was playing out, he ran as far as he could.”

**Lammy’s Defence**

A spokesman for Lammy has defended his client, stating that he had no operational role in the company and was not involved in its day‑to‑day management, HR, contractual, or financial arrangements. The spokesman also stated that Mr. Lammy disposed of his shares for a “nominal sum of £500” upon entering government in July 2024.

But for Ms. Stoll, the defence rings hollow. A man who had publicly championed the company, who had given her his phone number, who had stood beside her at the launch – that man, she says, disappeared when she needed him most.

**The GACN Investigation asks: Did David Lammy know about the financial distress of Pomeroon Trading before he sold his shares for £500? Did he ever conduct any due diligence on the company he was endorsing? And what responsibility does a public figure have to the people he encourages to trust the ventures he champions?**

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### IV. The Government of Guyana: A Conspicuous Silence

The Government of Guyana and the Ministry of Agriculture were not passive observers in this story. They were active participants in legitimising Pomeroon Trading.

In 2018, the company met with then Agriculture Minister Noel Holder and NAREI CEO Dr. Oudho Homenauth, who praised the investment and pledged full support. In 2021, the company met with Agriculture Minister Zulfikar Mustapha, who **complimented the team for their investment** and assured them that new opportunities would be made available. The Ministry issued press releases celebrating the company’s plans. NAREI pledged technical support and partnership.

Yet, when the company collapsed, when the landowner Zena Stoll came forward with allegations of unpaid rent and a ruined estate, when it emerged that the company had been sold for a mere $30,000 to a Canadian shell company pivoting to carbon credits – **the Government of Guyana issued no public statement.**

The Ministry of Agriculture has continued its broader coconut sector support programmes. In 2025, the government announced a major coconut expansion in the Pomeroon, with Agriculture Minister Zulfikar Mustapha reaffirming “Government’s commitment to aggressively expanding the coconut industry, noting that the Pomeroon project is a critical part of that national strategy.” The government also imported 70,000 high‑yielding Brazilian coconuts as part of this push.

But on the specific matter of Pomeroon Trading – the company it once embraced – the government has remained **completely silent**.

**The GACN Investigation asks:**

– Did the Ministry of Agriculture conduct any due diligence on Pomeroon Trading before endorsing it?
– Was the government aware that the company was simultaneously being positioned as a carbon credit asset for a Canadian shell company?
– Why has the government failed to intervene on behalf of a 91‑year‑old Guyanese landowner whose family estate was allegedly destroyed by a foreign‑owned company that the government itself had welcomed?
– Will there be any parliamentary inquiry into how this happened?

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### V. A Pattern of Exploitation?

The Pomeroon Trading case may not be an isolated incident. Carbon Done Right’s business model appears to rely on acquiring distressed or undervalued agricultural assets, repackaging them as carbon credit projects, and using them to raise capital from public markets – all while the original landowners and communities are left to bear the consequences.

The company’s segments include “Guyana Coconut and Mixed Agriculture” alongside projects in Sierra Leone, Mexico, and Suriname. In Suriname, Pomeroon Suriname N.V. – a related entity – has begun a mangrove rehabilitation project in Coronie, combining environmental protection with coconut cultivation. The question is whether these projects are genuine agricultural and environmental initiatives, or whether they are simply assets being used to prop up a failing carbon credit speculation vehicle.

The GACN Investigation has not uncovered evidence of other Guyanese landowners with similar complaints against Pomeroon Trading. However, the structure of the transaction – a shell company acquiring a majority stake in a Guyanese agricultural venture for a nominal price – should prompt scrutiny of whether other vulnerable landowners have been exploited in similar ways.

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### VI. The Human Cost

Behind the corporate filings, the regulatory cease trade orders, and the political manoeuvring, there is a human story.

Zena Stoll is 91 years old. She leased her family’s estate to Pomeroon Trading in the hope that it would be restored to its former glory. Instead, she says, it has been left in ruins. She is now fighting a legal battle against a company that has been sold to a Canadian carbon credit speculator, while the British politician who once championed her cause has, in her words, abandoned her.

She is not seeking charity. She is seeking justice – and accountability.

**The GACN Investigation calls on the Government of Guyana to answer a simple question: Where were you when this happened?**

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*This is Part Three of a four‑part investigative series by the Guyana Anti‑Corruption Network (GACN). Part Four examines the six red flags of the financial hoax, the GACN’s formal recommendations, and the verdict on the “Bitter Harvest.”*

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### References for Part Three

**Reference 1**
Yahoo News. (2026, April 9). David Lammy ‘ran away’ from eco-project that collapsed in chaos. Retrieved from https://uk.news.yahoo.com/david-lammy-ran-away-eco-180000089.html

**Reference 2**
CSIMarket. (2025, July 31). Carbon Done Right Developments Faces Regulatory Setback with Cease Trade Order. Retrieved from https://csimarket.com

**Reference 3**
Canadian Investment Regulatory Organization. (2025, August 5). Trading Halt – KLX. Retrieved from https://iiroc.mediaroom.com

**Reference 4**
TSX Venture Exchange. (n.d.). Bulletin Contents – Carbon Done Right. Retrieved from https://infoventure.tsx.com

**Reference 5**
The Globe and Mail. (2025). Carbon Done Right Announces Upsizing and Extension of Non-Brokered Private Placement. Retrieved from https://www.theglobeandmail.com

**Reference 6**
The Globe and Mail. (2025). Carbon Done Right Announces Non-Brokered Private Placement and Shares for Debt Settlement. Retrieved from https://www.theglobeandmail.com

**Reference 7**
InsiderTracking.com. (n.d.). Carbon Done Right Developments Inc. (V:KLX*CA). Retrieved from https://www.insidertracking.com

**Reference 8**
Klimat X. (n.d.). Our Team – Partnership with Pomeroon. Retrieved from https://www.klimatx.com

**Reference 9**
Guyana Times. (2025, November 14). Guyana pushes major coconut expansion in the Pomeroon. Retrieved from https://guyanatimesgy.com

**Reference 10**
Zonebourse. (2025, August 7). Neil Passmore – Pomeroon Trading Holdings acquired by Klimat X for $0.03 million. Retrieved from https://www.zonebourse.com

**Reference 11**
Initiative 20×20. (n.d.). Building coconut agroforestry systems in Suriname. Retrieved from https://initiative20x20.org

**Reference 12**
Government of Suriname. (2025, May 8). Pomeroon Suriname N.V. start mangrove rehabilitatieproject in Coronie. Retrieved from https://gov.sr

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*If you have any additional information about this case, please contact the GACN directly.*