Washington Carbon Offset Developer ‘Steps Away’ From Project
A company that had been working with the Washington state Dept. of Natural Resources (DNR) to help develop a state program to sell carbon offsets as a way to generate forest revenues has stepped away from the project, citing the possibility to re-engage at a later date “when the path forward” for developing such a project is clearer, company officials said. Majority-owned by oil producer BP, Finite Carbon had been advising DNR officials since 2020. In April 2022, the company and DNR officials announced the program and an initial sale of 10,000 acres’ worth of carbon offsets. The carbon offset program, which remains under development, has been controversial from the start for timber industry officials in the state, who saw the 10,000 acres taken out of production.
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Forest Service Backs Out Of Awarding Phase 2 Arizona Forests Restoration Contract; Uncertainties Persist For Novo Power
Anxious bidders for the Phase 2 contract that’s part of the federal 4 Forests Restoration Initiative (4FRI) seeking to treat and improve forest health conditions on more than 2.5 million acres across four Arizona national forests were told to wait a while longer after U.S. Forest Service (FS) officials abruptly…
Construction Ongoing At Drax Pellet Plants
Construction has started on Drax’s second satellite industrial wood pellet plant in Arkansas, this one in Russellville, Pope County, in northwestern Arkansas. Commercial operations are expected to begin at the plant in 2022. The move is part of a $40 million investment by Drax in the state…
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