A Canadian carbon credit firm is seeking more than US$40 million in damages in a lawsuit against its former CEO and several ex-directors and associates over alleged unjust enrichment, fraud, and breach of fiduciary duty. A statement of claim filed in the Ontario Superior Court by Carbon Streaming Corporation describes diverted six-figure advisory fees, as well as lavish trips and retreats without a business purpose, over the span of multiple years. Toronto-based Carbon Streaming provides capital to carbon capture projects around the world via streaming or royalty agreements for carbon credits, which they sell to buyers looking to offset emissions, or other investors. …Last week, Carbon Streaming filed a lawsuit with the Ontario Superior Court of Justice against founder, former CEO and company director Justin Cochrane, as well as several other past executives, directors, consultants, and affiliated entities.