Entering text into the input field will update the search result below

Weyerhaeuser gets approval for its carbon removal project

Sep. 20, 2023 5:09 PM ETWeyerhaeuser Company (WY) StockBy: Max Gottlich, SA News Editor11 Comments
Weyerhaeuser Acquires Plum Creek Timber In $8.4 Billion Deal

Stephen Brashear/Getty Images News

Weyerhaeuser Company (NYSE:WY) said Wednesday it has received a green light from the American Carbon Registry for its carbon removal project in Maine.

Covering about 50K acres and verified through a third-party auditor, the Kibby Skinner Improved Forest Management project is

Recommended For You

Comments (11)

Have a tip? Submit confidentially to our News team. Found a factual error? Report here.

Covering about 50K acres and verified through a "third-party auditor". And so it begins. An entire cottage industry will pop up of professionals making money doing absolutely nothing. I hereby audit that WV owns the land, has planted the trees, yeaaaa.
Majesty824 profile picture
So…. Trees?
So are they getting paid in carbon credits to plant trees replacing the ones they just cut down?
Ivybanks profile picture
@Mcsabie Not only that. The newly planted will also be harvested so basically a 10-15 year rotation cycle. Green Trees favors cottonwoods with fast growth and of course they provide the cutting for planting so additional profit. And they'll manage the project for a %, a good % of the proceeds of carbon credit sales.
mpcascio profile picture
What a bunch of nonsense. This is the biggest scam on the planet.
Ivybanks profile picture
@mpcascio This reminds me of the partnership Enviva announced with Green Trees last year. Basically I took it as forest owners getting paid when they cut down forest and then at taxpayer expense can get carbon credits to replant. Then they can sell the credits and cash in again.
@Ivybanks What does this have to do with taxpayers? These aren't tax credits WY is getting; Carbon Direct sells the credits to private companies (like MSFT) so they can greenwash their annual reports.
@oscargarcia lol, s t u p i d regressives. I mean seriously. It is like when the green building movement started and they gave points for using flyash in concrete mixes. Flyash for those that don't know is a by product of coal burning plants. It has some of the same properties as cement and so allowed companies to use less cement which is good for the environment. Basically it is recycling. The thing was that flyash had been in use for decades and you didn't need to reward anyone for using it because they were already doing so since flyash was cheaper than cement production.

I see the same thing here. WY isn't going to do anything new that they weren't going to do before. But I suppose if they get SPONSORED by MSFT or someone else they can claim they are helping the planet. I agree with other posters here. This literally doesn't change anything. Just more virtue signaling.

About WY

SymbolLast Price% Chg
Div Rate (TTM)
Yield (TTM)
Short Interest
Market Cap
Compare to Peers

Related Stocks

SymbolLast Price% Chg
Weyerhaeuser Company
Rayonier Inc.
PotlatchDeltic Corporation
Iron Mountain Incorporated
SBA Communications Corporation
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.