What’s an intact forest worth? The tricky task of quantifying Canada’s nature-based climate solutions
Since 2012, the work of the trees and plants of B.C.’s coastal rainforest have been generating credits—one credit for every tonne of carbon sequestered—that are bought by the B.C. government, companies and individuals wanting to offset their carbon emissions.
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One can only imagine the positive buzz these days inside the boardrooms of Canada's oil companies, as they rake in record profits and plan major expansions of their oil production. Amid all the good cheer, one could easily lose sight of the fact that those plans will push the world dangerously closer to the brink of irreversible climate chaos. Even as the world finally signed a commitment at UN climate talks last month to begin transitioning away from fossil fuels, Canada's major oil companies are poised to do exactly the opposite — to greatly expand their fossil fuel production.
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