An American company that controls some large patches of forest northwest of Thunder Bay is considering the potential sale of its timberlands for use as a carbon offset initiative… Wagner Forest Management – based in New Hampshire – owns 195,000 hectares of forest in eight former Abitibi-Consolidated freehold blocks located roughly between the Dog Lake area, Graham and Sioux Lookout. It purchased the blocks from Abitibi in 2005 in a bidding process in which the Ontario government also participated. Last July the company extended an invitation to investors interested in the potential development of its holdings as “one of the largest nature-based carbon removal projects in the Voluntary Carbon Market.”.. Wagner’s forest management practices are currently certified through the Sustainable Forestry Initiative.