Finite Carbon, North America’s leading developer and supplier of forest carbon credits recently launched a forest carbon credit program in Canada.
Last year BP purchases a majority stake in Finite Carbon for an undisclosed amount.
Finite has generated over 1/3rd of all compliance offset supply and delivered more than $800 Million to landowners. Their project portfolio is over 3.1 million acres across the US and is now expanding to Canada.
The new Canadian program will allow forestland owners and First Nations to receive revenue from the carbon credit sales.
The owners will be able to manage their lands independently to remove and store CO2 across Canada’s vast forestlands.
Canada has 9% of the world’s forests and this effort can help significantly to the worldwide Net Zero movement.
This new program is in response to the American Carbon Registry’s recent Methodology for Improved Forest Management (IFM) on Canadian Forestlands (ACR).
The new framework allows for carbon credit project development, registration, and verification of emission reductions.
This is a new pathway for privately held Canadian forestlands to play a role in carbon reductions has opened up.
It is open to all Canadian landowners who are not subject to provincial or federal forest management restrictions.
Finite is also launching a platform for smaller landowners with as little as 40 acres.