The deferral areas represent seven per cent of the company’s holdings and are the largest such initiative in Canada.
The reductions will be translated into carbon credits available for sale to reputable organizations to help offset emissions, generating both ecological and economic value for Mosaic, the company said.
A number of deferrals are concentrated in southern Vancouver Island including McLaughlin Ridge and the Cameron Valley Firebreak forest near Port Alberni as well as Mount Holmes near the community of the small community of Youbou, Cathedral Grove Canyon near MacMillan Provincial Park and the Lower Gordon and San Juan valleys near Port Renfrew along with tracts of forest along the Sooke River, Mosaic confirmed.