The bet was that collecting a carbon tax and investing in offsets would create a whole new “green economy.” Five years into B.C.’s experiment in legislated carbon neutrality, where’s the payback?
Imagine a vast green swath of pristine forest, wetland and lakefront, where the owner gets paid to simply let the trees grow. Like a green ATM, the forest dispenses money. Such a place exists today in B.C., across 55,000 wild hectares in the Kootenays. It’s called Darkwoods, and when the project was announced in June last year it was the largest carbon-offset forestry deal ever forged in North America. The Nature Conservancy of Canada, which had bought the land in advance of the deal, earned over $4 million on the sale of carbon offsets. By Christopher Pollon May 07, 2012 BC Business
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