Mosaic committed to cease some logging to create carbon credits. Now the credibility of its program is being questioned

By Wendy Stueck
The Globe and Mail
June 21, 2024
Category: Forestry
Region: Canada, Canada West

For more than a century, the forests of Vancouver Island have been the economic backbone of the region. …In 2022, Mosaic Forest Management flipped that model on its head, saying it would defer logging on 40,000 hectares of its land throughout coastal B.C. for at least 25 years. Instead of logging those sites, Mosaic said, it would package the carbon stored in those trees into nature-based carbon credits. …But this past February, Renoster Systems, a carbon-credit-ratings agency assessed the project on measures such as “additionality” and transparency. …The agency gave the project a failing grade, saying it lacks additionality because most of the sites included in BigCoast are not actually at risk of being logged because they are on steep slopes or in other areas that are unlikely to be harvested. …Mosaic forcefully disputes the Renoster review. Mosaic accused Renoster of making “false, misleading and defamatory” statements. [to access the full story a Globe and Mail subscription is required]

Read More