CARB Makes Rules, Companies Game Rules for Profit
05/18/2012 6 Comments
The Legislature and former a Gov made the rules when they passed AB-32, and CARB established the mandated Cap and Trade program. One to the four cap and trade offset protocols established by CARB was Improving Forest Management.
Now the environmentalist have discovered that Sierra Pacific Industries is going to make millions of dollars by gaming the system and they are upset. SPI is going to log the forest and then plant replacement trees. They do this as a normal business practice in the timber industry, however now they are going to collect offset credits from CARB for the plant of those trees.
This gaming of the system by timber companines has been discovered by NBC’s Bay Area Investigation Team. Details HERE. Here is the part of the story that warms my heart.
Companies that harvest timber like Sierra Pacific Industries, also known as SPI, admit they stand to gain tens or even hundreds of millions of dollars through carbon offsets.
“You’re not doing this out of the goodness of your heart,” Stock said to Ed Murphy, SPI’s manager of Resource Information Systems. “Of course not,” replied Murphy.
Murphy further explained his position on the issue raised by The Center for Biological Diversity: Additionality (or adding more things such as trees to reduce carbon further than what would be expected under normal or ‘business as usual’ conditions.
“Under the definition of additionality, there’s a process called common practice,” said Murphy. “We can show we’re well above common practice in terms of total carbon stored. But more importantly, the change in business practices comes when once we move into the offset market, we can no longer cut the forest down.”
Awesome, SPI gets the offset credits with a promised not to cut down the newly planted trees for a 100 years. It takes about 90 years to grow a good sized tree. Better yet in 20 years CARB’s and Cap and Trade will be nothing more that a economic foot note in the collapse of the California economy following the Next Grand Minimum. Go SPI, take the money and run! Future generations will cut the trees to stay warm!