Big names back forest-backed carbon credit
Big names back US forest-backed carbon credit scheme From Microsoft to a division of Royal Dutch Shell, big companies are buying carbon credits tied to more than 1mn acres of forested land in the US, venture-backed US climate company NCX said May 26. NCX said it has created the largest forest carbon project by acreage in the Lower 48 states. Among the early participants are Microsoft, Shell’s environmental products division and sustainable consulting firm South Pole. Zack Parisa, the founder of NCX, said the project puts carbon on the same footing as timber. “NCX identifies forested acres...