Americas > Canadian carbon offset investor reports big net loss amid falling credit prices

Canadian carbon offset investor reports big net loss amid falling credit prices

Published 22:19 on March 28, 2024  /  Last updated at 22:19 on March 28, 2024  / Bijeta Lamichhane /  Americas, Canada, Nature-based, Voluntary

A Canada-headquartered voluntary carbon offset originator on Thursday reported an annual net loss of $35.5 million (C$48.1 mln) in 2023 amid halved credit sale prices, despite ongoing restructuring efforts to reduce operating costs.
A Canada-headquartered voluntary carbon offset originator on Thursday reported an annual net loss of $35.5 million (C$48.1 mln) in 2023 amid halved credit sale prices, despite ongoing restructuring efforts to reduce operating costs.


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