US Forest Fires Threaten Carbon Offsets as Company-Linked Trees Burn
At least two forestry projects used by businesses including BP and Microsoft to compensate for their greenhouse gas emissions are burning in Oregon and Washington.
By Camilla Hodgson, Financial Times
August 4, 2021
Fires smolder and burn in the mountains west of Paisley, Oregon. Credit: Maranie Staab/Bloomberg via Getty Images
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Forests in the United States that generate the carbon offsets bought by companies including BP and Microsoft are on fire as summer blazes rage in North America.
Corporate net-zero emission pledges rely on such projects to compensate for the carbon dioxide generated by companies that are unable to make sufficient cuts to their actual emissions.
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