Americas > California compliance offset project owner suing original developer over intentional reversal of credits

California compliance offset project owner suing original developer over intentional reversal of credits

Published 23:05 on October 25, 2023  /  Last updated at 14:10 on October 26, 2023  / /  Americas, Canada, US

The owner of a California-registered forest offset project is suing the original landowner for over $1 million for allegedly overstating the carbon sequestration capacity of the project, causing the new holder to need to purchase more credits to compensate for an intentional reversal.
The owner of a California-registered forest offset project is suing the original landowner for over $1 million for allegedly overstating the carbon sequestration capacity of the project, causing the new holder to need to purchase more credits to compensate for an intentional reversal.


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