Mosaic defers logging of old-growth on Vancouver Island and Haida Gwaii
British Columbia’s largest private landowner, Mosaic Forest Management, is halting logging in nearly 100,000 acres of old-growth forest for the next 25 years.
The forestry company announced the deferral on March 16 and said it’s transitioning to a carbon credit program, which is expected to generate several hundred million dollars in revenue.
Hailed the BigCoast Forest Climate Initiative, Mosaic said it’s the largest project of its kind and is aiming to capture and store more than 10 million tonnes of carbon dioxide.
