Global Financial Firm Moves Into Forest Carbon-Offset Market
Another investment firm will be entering the carbon-offset market with the likely goal of reducing timber harvests. Manulife, the largest timberland investment management organization in the world, will raise a $500 million fund for this project. Manulife already manages about 6 million acres of forestland.
- Wall Street Journal: Timberland Manager Manulife Moving Into Forest Carbon-Offset Market
- CarbonCredits.Com: Manulife Launches Forest Climate Fund to Raise $500 Million