{"id":945020,"date":"2026-10-24T22:56:15","date_gmt":"2026-10-24T22:56:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/945020\/"},"modified":"2026-10-24T22:56:15","modified_gmt":"2026-10-24T22:56:15","slug":"the-new-value-of-trees-and-wetlands","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/945020\/","title":{"rendered":"The new value of trees and wetlands"},"content":{"rendered":"<p>This week, Bill paddles to see new territory but learns a lot more about the value of the trees<\/p>\n<p>There\u2019s that expression &#8220;more than meets the eye,&#8221; and this story opened mine.<\/p>\n<p>I have been paddling for a long time.<\/p>\n<p>It is not only therapeutic, but there are always things to\u00a0learn when visiting somewhere new, and\u00a0lots of tree-lined rivers and lakes to be discovered. The skyline where the green meets the blue is one of those natural wonders.<\/p>\n<p>This time there was something new about the value of tree-skyline, and it made me start to look at trees differently.<\/p>\n<p>The intention was to be the first writer to paddle the new land acquisition by the Nature Conservancy of Canada\u00a0\u2013 Kabenung Lake-Star Island. And I am.<\/p>\n<p>It was announced early this summer that the Nature Conservancy of Canada\u00a0(established in 1962) had secured over 8,100 hectares of boreal forest, wetlands, and shoreline, between Wawa and White River, accessed by the Paint Lake Road, which leads to the Eagle River Gold Mine, which is operated by Wesdome Mines. This mine is located in the Mishibishu Greenstone Belt, which is known for its gold-bearing properties.<\/p>\n<p>So, I contacted\u00a0the Nature Conservancy of Canada.<\/p>\n<p>It was learned that the Kabenung Lakes and Forests project has long been identified as a priority for conservation by the Nature Conservancy of Canada. An opportunity presented itself to protect the entirety of the property for conservation.<\/p>\n<p>Katlin Richardson, a conservancy biologist, is familiar with the property.<\/p>\n<p>Star Island itself was slated for development of 75 cottage lots.<\/p>\n<p>\u201cWe are so grateful to have gotten to preserve its natural heritage long term.\u201d<\/p>\n<p>She explained, \u201cAt 468 ha, Star Island itself is a large piece of land, larger than some of Nature Conservancy of Canada\u2019s other nature reserves. Within the context of an 8,142 ha (81 sq. km) property like Kabenung Lakes and Forests, though, the significance of that can get lost.<\/p>\n<p>\u201cStar Island has minimal signs of disturbance, with an elevated lake at the top in the center of the island.\u201d<\/p>\n<p>That intrigued me.<\/p>\n<p>\u201cI had the pleasure of exploring Star Island\u2019s natural beauty this summer,\u201d Katline said, \u201cTraversing through the old cedar trees that were too big to wrap my arms around while bouncing along the soft, sphagnum-covered forest floor with its creeping mat of snowberry and twinflower, and clambering switch-back up the rock faces to get to the lake in the center. The island is transitional boreal forest at its finest.\u201d<\/p>\n<p>It was time to explore.<\/p>\n<p>Star Island<\/p>\n<p>Drizzle and grey skies. The wind was forecasted to build, but an early start to the day would be to my advantage.<\/p>\n<p>It was early on the first day of fall, Tuesday, Sept.\u00a022, when my kayak blade entered the water at one of a few access points on West Kabenung Lake.<\/p>\n<p>It had been a cold night, frosty, but I camped at one of the access points, gated and signed by the Nature Conservancy of Canada; they are the new landowners.<\/p>\n<p>T<a href=\"https:\/\/www.google.com\/maps\/d\/edit?hl=en&amp;mid=11Falo8E5eX8qXVs8wWcAAw0zWJCmWBw&amp;ll=48.239164508687146%2C-85.1994850292406&amp;z=11\" target=\"_blank\" rel=\"nofollow noopener\">he map<\/a>\u00a0shows the interesting configuration of the island perimeter and the mainland \u2013 lots of nooks and crannies. That is enticing.<\/p>\n<p>A counterclockwise paddle of Star Island was the objective; I don\u2019t think I have ever paddled around an island of such size (maybe Manitoulin is next).<\/p>\n<p>Lots of islands and little bays and then a connecting channel and another &#8211; is because the island is not in the middle of a lake; it kind of divides the lake (again, see the map link). Katlin was right; this is\u00a0the transition to the boreal forest, lots of vegetative diversity.<\/p>\n<p>On the east side there is a dominant ridge with exposed bedrock; it parallels the\u00a0route, and it is always on the\u00a0port side. I\u00a0followed it.<\/p>\n<p>On the backside of the island, the fetch began to build, and so did the waves. I had to crisscross and seek protection. My carbon fibre Swift canoe was not loaded enough; should I go? I thought that in any changing conditions I\u00a0could get back to where I\u00a0started.<\/p>\n<p>Finally, when circling\u00a0the island, the route enters a long wetland of emergent vegetation that delineates the way back towards the put-in. There is a very long vegetated sand spit that acts as a divider.<\/p>\n<p>It is about 12 km around the island; there are two or three unofficial campsites. It is a paddling outing with lots of diversity, different than a river.<\/p>\n<p>A worthwhile adventure, a few hours of exploring, easily accessed, new terrain, now protected from development.<\/p>\n<p>It was a fun outing. Just paddling and thinking.<\/p>\n<p>Post-paddle history<\/p>\n<p>On the thinking side of things, the specific previous landowner or corporate seller of the Kabenung Lakes and Forests property has not been publicly named in the\u00a0Nature Conservancy of Canada acquisition announcements.<\/p>\n<p>Just the notion that these large tracts of land exist as private pieces of property got me exploring differently.<\/p>\n<p>Up until 1905, the province frequently utilized massive Crown land grants to incentivize private corporations to build railway lines into &#8220;New Ontario&#8221; (the resource-rich northern region).<\/p>\n<p>Under this Land Grant Aid Act (Ontario) of 1900, railways received land grants. As an example, the Algoma Central Railway (ACR) received over 1.6 million acres of forest lands, in and around the region was Sault Ste. Marie to Hearst.<\/p>\n<p>Over the years, these vast land parcels were held, or severed and managed, and eventually sold off in major corporate divestments as the ACR shifted its focus away from real estate and land holdings. In 1997, the ACR sold its considerable land holdings north of the Sault\u00a0(816,000 acres) to the McDonald Investment Co. Inc. of Birmingham, Alabama.<\/p>\n<p>I found another example in 2005: Abitibi Consolidated Inc. sold off 196,000 acres of timberland in the Thunder Bay region to American-owned NorthStar Forest Ltd., a subsidiary of Wagner Forest Management Ltd., for $55 million.<\/p>\n<p>Wagner Forest Management, Ltd. is an American timberland investment management organization that acts as the primary manager and operational supervisor for the massive land holdings acquired by McDonald Investment Co.<\/p>\n<p>Two years ago, in a LinkedIn post, President of Wagner, Dan Hudnut, said, \u201cNorth Star Forestry, Ltd. has decided to offer for sale its Voyageur property, located northwest of Thunder Bay, and managed by Wagner Forest Management, Ltd. The 480,000-acre property is in a handful of large blocks. The boreal forests are dominated by black spruce, jack pine, and aspen, and surround an incredible array of lakes and rivers. While this property has been sustainably managed for timber production for the last hundred years, its greatest future potential lies in its ability to store and sequester carbon. Finite Carbon has provided a preliminary feasibility study for a nature-based Improved Forest Management project that concludes the property has the potential to produce nearly 9 million tonnes of CO2e offsets in the next twenty years, including 7 million \u2018removal\u2019 credits.\u201d<\/p>\n<p>So, there it is, \u201c\u2026While this property has been sustainably managed for timber production for the last hundred years, its greatest future potential lies in its ability to store and sequester carbon\u2026.\u201d It is the future: these carbon credits. There are large parcels of non-Crown Land out there with a new value for creating future revenue for buyers (protection) and sellers (profit).<\/p>\n<p>There\u2019s more &#8211; in 2022 (finalized last year), a process started with the Nature Conservancy of Canada reaching a deal with Domtar to purchase a 1,500-square-km land parcel near Hearst \u2013 about twice the size of Toronto.<\/p>\n<p>The conservancy\u00a0received $10 million from TD Securities to help with the on-the-ground conservation work of the Boreal Wildlands Carbon Project near Hearst. It was then that the phrase \u201cpositive carbon-neutral future\u201d started to emerge. Apparently, the Boreal Wildlands is storing 190 million tonnes of carbon, or the equivalent of the lifetime emissions of three million cars.<\/p>\n<p>Then during the second week of October this year, the conservancy acquired 814 square kilometres (over 81,000 hectares) of boreal forest and peatlands south of Kapuskasing (80 km south), accessed via Swanson Road to the Chain of Lakes Road. Nature Conservancy of Canada said the carbon stored on the property could generate financing to support its long-term protection from commercial harvesting and potentially generate additional revenue for conservation work elsewhere in Canada.<\/p>\n<p>There is the <a href=\"https:\/\/perimeterforest.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Perimeter Forest company<\/a>, \u201ca leading provider of high-integrity carbon credits sourced from forest land management and biodiversity conservation projects in Canada.\u201d Perimeter Forest Limited is structured as between Perimeter Solar Inc. and the Ontario Teachers&#8217; Pension Plan (they don\u2019t make too many bad investments). Perimeter sold the Kapuskasing property (above) to the Nature Conservancy of Canada for $64 million. Perimeter has one other northern Ontario project, the Painted Forest south of the Montreal River.<\/p>\n<p>GreenFirst Forest Products sold this chunk of private northern Ontario forest to Perimeter in a cash transaction worth $49.25 million.<\/p>\n<p>There are many other land acquisitions \u2013 carbon offset examples that show collaboration with the Nature Conservancy of Canada, Ducks Unlimited Canada, Wildlife Habitat Canada, and local and regional land trusts represented by the Alliance of Canadian Land Trusts.<\/p>\n<p>Besides all this, the forest industry currently in Ontario and Canada is not doing so well; one reason is US tariffs. But there is a need to modernize and find new niche markets for wood fibre. There\u2019s been a number of mill closures in northern Ontario.<\/p>\n<p>What does all this mean? Money is being exchanged through history, and there\u2019s more to be made.<\/p>\n<p>Carbon credits<\/p>\n<p>Trees have a new meaning.<\/p>\n<p>A carbon offset credit represents one metric ton of carbon dioxide (CO\u2082) or its equivalent in greenhouse gases that is either removed from the atmosphere or prevented from being emitted. And there is a price to pay for these credits.<\/p>\n<p>Abstract enough.<\/p>\n<p>And then in Canada the confusion surrounding federal carbon pricing and carbon credits in Canada stems from its dual-track system, major policy reversals, and conflicting economic reports.<\/p>\n<p>The &#8220;dual-track system&#8221; in Canada&#8217;s carbon credit and pricing framework refers to the division between compliance carbon markets (driven by government regulation) and voluntary carbon markets (driven by corporate climate commitments).<\/p>\n<p>While both tracks generate and trade credits representing verified greenhouse gas (GHG) reductions or removals, they operate under fundamentally different rules, platforms, and price points.<\/p>\n<p>From FSC &#8211; Forest Stewardship Council \u2013 the international organization that certifies sustainable forests.<\/p>\n<p>\u201cThe voluntary market is driven by emitters who are voluntarily reducing their emissions. For example, when a business wants to become carbon neutral, they buy voluntary carbon offsets to achieve this goal. Forest carbon is among the highest-value carbon in the voluntary market. Businesses will pay top dollar to say they have reduced emissions and conserved forests. Buyers and sellers in the voluntary market have some discretion about who they want to sell to and buy from.\u201d<\/p>\n<p>Hmm\u2026 then\u2026<\/p>\n<p>\u201cThe compliance market is driven by emitters who need to reduce emissions to meet government regulations or want to reduce their carbon taxes. These offsets sell for a few dollars less than the carbon tax, and price is generally insensitive to the source of the offsets. Offsets in the compliance market are commodity goods and are sold to whoever wants to purchase them.\u201d<\/p>\n<p>The trees are important in a different way.<\/p>\n<p>I contacted some valuable forestry contacts.<\/p>\n<p>Long-time forester and analyst, Scott McPherson from First Resource Management Group.<\/p>\n<p>\u201cCarbon capture, yes, this is a rapidly growing area of science, policy, and economics. It is quite complicated, and I&#8217;m only just scratching the surface at this point, but there certainly are opportunities for carbon storage through forest management and afforestation. I think we will see this sector continuing to grow (pun intended).\u201d<\/p>\n<p>That was a start.<\/p>\n<p>Then I found Tim Trustham from the Quinte Conservation Authority (QA). He\u2019s a conservation forester and ecologist.<\/p>\n<p>He said, \u201cQA and the Ontario Woodlot Association (OWA) have an established partnership with <a href=\"https:\/\/www.anewclimate.com\/\" target=\"_blank\" rel=\"nofollow noopener\">ANEW Canada (formerly BlueSource Canada)<\/a> \u2013 a leading carbon offset marketing firm in North America.<\/p>\n<p>\u201cThe QA represents a significant landholding, held in trust for the public, with the long-term goal of conservation of the natural resource. Given our location in the most densely populated area of our Country, our forest plays a significant role in maintaining watershed health.\u201d<\/p>\n<p>(In accordance with changes to the Conservation Authorities Act, Ontario&#8217;s 36 conservation authorities will amalgamate into 9 Regional Conservation Authorities effective February 1, 2027. As part of this transition, Quinte Conservation (QC), Kawartha Conservation (KC), Ganaraska Conservation Authority (GCA), Otonabee Conservation Authority (OCA), Crowe Valley Conservation (CVC), Lower Trent Conservation (LTC), and Cataraqui Conservation (CC) are preparing to merge into the Eastern Lake Ontario Regional Conservation Authority (ELORCA). So potentially more carbon offset projects.)<\/p>\n<p>\u201cBy working with a broker, these properties are able to generate credits under a voluntary carbon standard. The carbon credits deliver high-integrity, verifiable carbon offset options to climate-conscious companies.\u201d<\/p>\n<p>What happens to the money?<\/p>\n<p>He said, \u201cThe revenue generated from this program funds the Woodland Preservation Trust, which is used to support a variety of watershed programs and projects that significantly improve the conservation value of the property. Funding could support land acquisitions, improved public access and safety, and the expansion of educational opportunities.<\/p>\n<p>I wondered about small property landowners and carbon credits. He said there are pilot programs operating in some of the U.S. states, but at present none exist in Ontario.<\/p>\n<p>Glen Prevost, Executive Director of the OWA, said it is the Eastern Ontario Model Forest (EOMF) that is the main partner with QA. Here is how it works:<\/p>\n<p>EOMF has a formal partnership with Anew (Solutions for a Net-Zero Future | Anew Climate).<\/p>\n<p>EOMF (managed by the OWA) provides connections to landowners who may want to sell carbon, and the OWA certifies the forests to FSC or SFI standards, as this is usually a prerequisite for selling carbon.<\/p>\n<p>\u201cAnew measures the carbon in the forests, models how much is being offset, has a third-party audit their measurements and modelling, then Anew lists the carbon for sale through one of several carbon marketplace registries.<\/p>\n<p>\u201cEOMF is a leader in the sense that there are only a few forest carbon offset projects in Ontario.\u201d<\/p>\n<p>He explained. \u201cFor all projects, there is close scrutiny on something called additionality. This is the additional carbon emissions avoided or sequestered as a result of the carbon offset project. If the carbon is at high risk of being emitted if there is no carbon project, then the additionality is high. If the carbon is at low risk, then the additionality is low or zero. So, for example, a landowner with a mandate to harvest intensively who owns a forest in a jurisdiction with little to no restrictions on harvesting would have high additionality. Whereas a landowner who has a conservation easement that does not allow any harvesting would have zero additionality.\u201d<\/p>\n<p>That\u2019s a new term: additionality.<\/p>\n<p>Finally<\/p>\n<p>Just know this as well.<\/p>\n<p>Carbon can be sequestered in a living tree for decades to several centuries, depending on the species, growth conditions, and whether the tree is disturbed by fire, pests, or logging.<\/p>\n<p>But trees typically absorb carbon at the highest rates during their growth and middle-aged phases (roughly 20 to 50 years). So, forest management remains important.<\/p>\n<p>The theoretical concept of trading pollution rights was introduced in 1968 by Canadian economist John H. Dales, while carbon credits as an international compliance market were officially created in 1997 through the Kyoto Protocol. A good place to start for this future development.<\/p>\n<p>Looking ahead, carbon credits are shifting toward strict quality standards, professionalized trading, and a convergence between voluntary and government-mandated compliance markets.<\/p>\n<p>Offsets are meant to complement direct emission cuts, not serve as a license to keep polluting.<\/p>\n<p>This is an area for investors to research. Bitcoin and carbon credits are both modern, scarce financial assets. Both will rely on growing institutional and retail demand against a restricted supply to drive price appreciation. There is more money to be made.<\/p>\n<p>But really, some things that come to mind after paddling around Star Island.<\/p>\n<p>Reducing one&#8217;s\u00a0environmental footprint first is always more effective than buying carbon credits.<\/p>\n<p>Trees, our largest plants, are important in so many ways.<\/p>\n<p>My eyes are wide open now.<\/p>\n<p>Why do I keep paddling? To find out more about the trees.<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"This week, Bill paddles to see new territory but learns a lot more about the value of the&hellip;\n","protected":false},"author":2,"featured_media":945021,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[88694,49,48,295,66],"class_list":["post-945020","post","type-post","status-publish","format-standard","has-post-thumbnail","category-environment","tag-bill-steerback-roads-bill-steerback-roads-billbill-steer-columnback-roads-bill-steer-column","tag-ca","tag-canada","tag-environment","tag-science"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/945020","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=945020"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/945020\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/945021"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=945020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=945020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=945020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}