Nature-based Carbon > Other NbS > 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 / / Americas (US & Canada), Nature-based Carbon (Other NbS), Voluntary (VCM Developments)

Carbon Pulse PremiumNature & Biodiversity PulseNet Zero Pulse

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.


A subscription is required to read this content. Subscribe today to Carbon Pulse Premium, Net Zero Pulse and/or Nature & Biodiversity Pulse to access our unrivalled news and intelligence, as well as other content including all job listings. Click here for details.

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

This page is intended to be viewed online and may not be printed.
As per our terms and conditions, the republication or redistribution of Carbon Pulse content can result in the suspension or termination of your subscription.