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DewDiligence

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DewDiligence

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Monday, 04/17/2023 2:32:26 PM

Monday, April 17, 2023 2:32:26 PM

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WY expects $100M annual_revenue_from_selling carbon offsets, starting in 2025:

https://www.wsj.com/articles/weyerhaeuser-logging-carbon-emissions-offset-market-environment-76850c01

According to the company’s latest tally for investors, Weyerhaeuser’s trees and wood products removed 35 million metric tons of carbon from the atmosphere in 2021. It said that was more than four times the 7.4 million metric tons emitted running its mills and logging equipment, fertilizing, distributing wood products and down the supply chain to home builders.

Industry critics are not happy with this.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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