Mosaic defers logging of old-growth on Vancouver Island and Haida Gwaii

Enviro & Legislation

British Columbia’s largest private landowner, Mosaic Forest Management, is halting logging in nearly 100,000 acres of old-growth forest for the next 25 years.The forestry company announced the deferral on March 16 and said it’s transitioning to a carbon credit program, which is expected to generate several hundred million dollars in revenue.Hailed the BigCoast Forest Climate…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Stock losses accelerate into the close as momentum stalls: Nasdaq drops 3%, Dow sheds nearly 500 points
Stock futures gain, Powell testimony, oil declines, gas slide continues: LIVE UPDATES
The global forestry equipment tires market is bound to flourish in the next 10 years
Pacific Woodtech acquires LP’s EWP business for $210M
‘Uncomfortably high’: What economists say about the chance of recession.