Shift2neutral Carbon Credit Company Scandal: No Credits Generated

A SYDNEY carbon credits company thought to have been running some of the world's biggest offsets deals appears to be a fake, shifting paper certificates instead of saving forests and cutting greenhouse emissions.

Shift2neutral says it has made high-profile events such as the Australian PGA golf championship and the Sydney Turf Club's world-first ''green race day'' carbon neutral.

But deals to generate more than $1 billion worth of carbon credits by saving jungles from logging in the Philippines, the Congo and across south-east Asia do not seem to exist.