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A Nonprofit Promised To Preserve Wildlife. Then it Made Millions Claiming it Could Cut Down Trees

Monday May 10, 2021. 07:27 PM , from Slashdot
An anonymous reader shares a report from Technology Review: The Massachusetts Audubon Society has long managed its land in western Massachusetts as crucial wildlife habitat. Nature lovers flock to these forests to enjoy bird-watching and quiet hikes, with the occasional bobcat or moose sighting. But in 2015, the conservation nonprofit presented California's top climate regulator with a startling scenario: It could heavily log 9,700 acres of its preserved forests over the next few years. The group raised the possibility of chopping down hundreds of thousands of trees as part of its application to take part in California's forest offset program.

The program allows forest owners like Mass Audubon to earn so-called carbon credits for preserving trees. Each credit represents a ton of CO2. California polluters, such as oil companies, buy these credits so that they can emit more CO2 than they'd otherwise be allowed to under state law. Theoretically, the exchange should balance out emissions to prevent an overall increase in CO2 in the atmosphere. The Air Resources Board accepted Mass Audubon's project into its program, requiring the nonprofit to preserve its forests over the next century instead of heavily logging them. The nonprofit received more than 600,000 credits in exchange for its promise. The vast majority were sold through intermediaries to oil and gas companies, records show. On paper, the deal was a success. The fossil fuel companies were able to emit more CO2 while abiding by California's climate laws. Mass Audubon earned enough money to acquire additional land for preservation, and to hire new staff working on climate change. But it didn't work out as well for the climate.

Read more of this story at Slashdot.
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