PacifiCorp is among the utilities under scrutiny in a new study by Greenpeace.
A new study by Greenpeace calls into question the effectiveness of overseas forest carbon capture projects designed to offset carbon.
The scene for the dispute is northeast Bolivia’s Noel Kempff Mercado National Park. In 1996, the government revoked four logging concessions to double the size of the protected area. The move saved a swath of trees about the size of Connecticut from being cleared by locals to farm or being degraded by timber companies.
Nearly a decade later, American Electric Power, BP America and PacifiCorp, the project’s main financial backers to the tune of $8.25 million, sold half of its first independently audited carbon savings on the voluntary market. It was one of the first and is still today one of the largest-scale efforts to measure and verify forest carbon credits.
Read the full story at The New York Times.