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  / William Koblensky Varela /  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.


A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, login here.