Mining for REDD in Indonesia (with a little help from Norway)

Mining for REDD in Indonesia (with a little help from Norway)The mining industry has obvious reasons for being interested in REDD. The industry is responsible for vast greenhouse gas emissions. While the obvious way of reducing emissions is to reduce the amount of fossil fuels mined (an option that is never on the agenda at UN climate meetings), a more profitable option is to continue mining and “offset” the emissions by buying carbon credits.

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Mining company to buy 50% of Carbon Conservation: Will REDD help greenwash mining?

This week, a Canadian mining company called East Asia Minerals Corporation, signed a Memorandum of Understanding to buy 50% of Carbon Conservation Pty Ltd. East Asia Minerals’ aim is simple: “Through the acquisition of a 50% equity interest in CC, the Company will develop a ‘green’ mining project which will use carbon and biodiversity offsets and the latest in environmentally friendly mining practices.”

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