Iron Dumping in Haida Gwaii Done to Sell Carbon Credits, Group Claims (Vancouver Sun)
Environmental Trend – The iron dumped off the coast of Haida Gwaii was primarily a bid to sell carbon credits — not a scientific experiment, according to a marine conservation society working on B.C.’s Pacific coast. The Living Oceans Society obtained correspondence between the Old Massett village council, which is running the project, and the Northern Savings Credit Union, which lent the council $2.5 million to finance it. The documents were made available on the society’s website and show the lender was aware the ocean restoration project involved selling carbon credits. “What is illegal, under international law, is dumping with the intent to obtain commercial gain,” said Living Ocean’s executive director Karen Wristen in a phone interview from Bowen Island. “What’s very clear from the due diligence letter the bank sent back to the council, is they had been told the purpose of the project was to sell carbon credits.” … Read more
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