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Originally Posted by OldDutch
I thought I read in another article that a majority of carbon reduction was done by buying carbon offsets.
Which many view as a paper exercise rather than tangible outcome.
Glad to hear about the fund but $1 billion while good is paltry for a company of their size.
Anyways I am pretty cynical when companies do stuff like this. Hopefully I am wrong on the carbon tax credits and they are actually doing more than a PR stunt.
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Carbon offsets are stupid.
Companies should encouraged to spend profits on reducing their carbon footprint and helping develop new methods to remove carbon from the atmosphere.
A company like Microsoft has the resources and money to make a significant difference in the research of using CLT in buildings as they routinely build out their office space. Something like that will go much further than years of small investments to try and create a bigger market.
Sort of like this.
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CONWAY, Ark. - Canadian mass timber manufacturer and cross-laminated timber (CLT) pioneer Structurlam will invest $90 million into its first U.S. production facility in Arkansas. Around 130 new jobs will be created.
“The mid-rise commercial and residential building industry is experiencing a revolution brought on by the rise of mass timber building solutions,” Hardy Wentzel, chief executive officer of Structurlam said in a news release. “At Structurlam, we’re transforming wood, one of nature’s most renewable resources, into a greener, more cost-effective, and aesthetically-pleasing alternative to concrete and steel.”
Structurlam will upgrade an 288,000-square-foot facility that was initially built to make steel fasteners for Nucor Steel. The transformation will begin next month. The plant will be ready for operation in 2021.
The facility's first customer will be Walmart, which will use 1.1 million cubic feet of CLT to build a brand new headquarters in the nearby Bentonville.
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https://www.woodworkingnetwork.com/n...way-90-million
Anyone who understands even a little bit about the problem we're dealing with (not Greta) knows that CLT is a very important part of a carbon free and even carbon removal future.