Mosaic Forest Management plans to delay timber harvesting on some of its timberlands to sell carbon credits instead

Posted on March 21, 2022   |  

• Mosaic Forest Management, which oversees forest holdings for two B.C. companies, TimberWest Forest Corp. and Island Timberlands L.P.  declared on March 13 that it will defer the harvesting of 40,000 hectares of old forests on Vancouver Island and Haida Gwaii for at least 25-years. 
• They plan to sell nature-based carbon credits to companies that want to cancel a portion of their greenhouse gas emissions.
• The program, “BigCoast Forest Climate Initiative,” will generate between $100 million and $300 million, based on current prices for carbon credits.