The Bootleg Fire upended the Green Diamond carbon storage plans in Southern Oregon. In burning through nearly 20% of the company’s Klamath project lands, it also has helped to stoke a broader debate about the ability of multibillion-dollar forestry offset markets to deliver the carbon savings that are supposed to happen from these deals.
Earlier this year, Green Diamond filed documents with a California state regulatory board that calls for an offset project covering most of the company’s Southern Oregon acreage to be “terminated.”