This morning, Enviva, the world’s largest manufacturer of wood pellets, announced doubts about its survival. They shared this on their quarterly call with shareholders. The company cited: 3rd quarter losses of almost $100M bad long-term contracts operational challenges They are projecting even greater losses in the 4th quarter. Both the financial outlook and the company’s […]
Enviva Biomass is the world’s largest producer of wood pellets. They make wood pellets sourced from clearcut forests across the US South. Enviva claims that pellets are a sustainable, low carbon alternative to fossil fuels. But, scientists around the world have proven that’s not true. Enviva’s wood pellets are harming forests, communities, and climate. Why […]
Environmental Justice Groups Slam The Nature Conservancy for Promoting Government Subsidies for Industrial Logging, Biomass & Wood Production in 2023 Farm Bill
Guest Post By Spencer Moyle, Climate Impacts Stanback Fellow 2023. Have you ever wondered about Bioenergy with Carbon Capture and Storage (BECCS)? Have you heard that it may hinder the transition to clean energy? BECCS aims to reduce greenhouse gas emissions. But in reality, burning wood pellets releases more carbon than fossil fuels. Solar and […]
USDA Urges Netherlands to Subsidize Forest Destruction for Biomass in the US Position Runs Counter to President Biden’s Climate, Environmental Justice, and Forest Commitments The US Department of Agriculture (USDA) held an Agribusiness Trade Mission in the Netherlands. A group the USDA welcomed is the United States Industrial Pellet Association (USIPA). They represent the interests […]
