Carbon Credit Landmark Agreement
In 2009, Coastal First Nations and the Province of British Columbia agreed to one of the largest carbon offset projects in existence.
The Atmospheric Benefit Sharing Agreements give First Nations on the coast the ownership and right to sell carbon offsets in our Territories.
These agreements are the first of their kind in British Columbia and the world.
Why Carbon Credits?
The revenue-sharing agreement gives Coastal First Nations 80 per cent of the revenue from carbon credit sales, and the ability to harvest one million tonnes of ‘carbon offsets’ per year from the Great Bear Rainforest.
Carbon credit sales help us:
- End destructive industrial logging practices in the rainforest
- Protect important ecological and environmental values
- Generate our own source of revenue for economic self-sufficiency