On Wednesday, Mosaic Forest Management announced it will defer the harvesting of “old forests” on Vancouver Island and Haida Gwaii for at least 25 years, opting instead to sell nature-based carbon credits to companies that want to offset a portion of their greenhouse gas emissions.
In an interview, ClimeCo chief executive William Flederbach said Mosaic’s offsets will initially be sold to companies that already have robust emission-reduction programs – clients that need BigCoast for just a small percentage of their efforts to reach net zero.
“This is not greenwashing,” said Mr. Flederbach, who co-founded ClimeCo in 2009.
Going forward, Mr. Iannidinardo said Mosaic will offer smaller B.C.