Revealed: Timber giant quietly converts Congo logging sites to carbon schemes

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KISANGANI, Congo — A major European logging firm may have illegally converted more than a dozen of its timber concessions in the Democratic Republic of the Congo into so-called conservation concessions, a new investigation can reveal. After harvesting the most valuable timber from the 15 concessions — covering an area the size of Belgium — Portuguese-owned Norsudtimber is now eyeing European investment in carbon credit schemes it will operate from the former logging sites. Since late 2020, the DRC has assigned 24 new conservation concessions, as investors seek to benefit from rising interest i…

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