Apple Woods

Conservation Intl: "Mangrove forests cover just 0.1
percent of the planet’s surface but store up to 10
times more carbon per hectare than terrestrial forests."

Apple is planting forests to extract carbon dioxide from the atmosphere:

The tech giant, Conservation International and Goldman Sachs have launched a $200 million Restore Fund meant to remove "at least" 1 million metric tons of CO2 from the atmosphere each year by investing in forest restoration projects...

The firm wasn't shy about its dependence on this project. It estimated that it would only cut 75 percent of its emissions by 2030 through improvements to products and the supply chain, and carbon capture would be necessary for the rest.

Comments:

1) Normally your humble blogger looks askance at projects that stray far afield from a company's line of business. However, a successful company like Apple is allowed some leeway. Besides a $200 million investment represents only .01% of Apple's market capitalization.

2) Apple can forecast that nine years from now it will significantly fall short of its carbon-neutral goal. That's confident planning.

3) I worked in a vertically integrated (planting trees, harvesting, saw mill operations) forest-products company for five years and learned how a well-managed operation can be both profitable and sustainable. And that was before the benefits of carbon-capture became important.

4) Many environmentalists have realized from years of wildfires that the philosophy of keeping human beings away is not the best way to preserve nature. Apple wants to invest in "working" forests, in keeping with its history of practical environmentalism.