Two separate efforts are underway to maximize carbon absorption, one for smaller landowners and the other for forest industry heavyweights.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine
Markets that pay woodland owners to store carbon are complex, controversial
Maine, the nation’s most heavily forested state, has been an early participant in so-called carbon offset markets.
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Posted inBusiness, News
Central Maine business briefs: UMF names director of Campus Safety Grant
People & Places: Peter Onuf joins Board of Augusta’s First Amendment Museum
Posted inBusiness, Nation & World
Stocks end mixed on Wall Street as S&P 500 manages weekly gain
Investors have been facing similar choppiness throughout September as they try to gauge how the economy will continue its recovery.
Posted inBusiness, Nation & World
China releases Canadians after Huawei CFO resolves U.S. charges
The deal with Meng Wanzhou calls for the Justice Department to dismiss fraud charges late next year in exchange for her accepting responsibility for misrepresenting her company’s business dealings in Iran.
Posted inBusiness, Maine
House passes defense bill with potential work for Bath shipyard
The house’s version of the defense bill approves three Arleigh Burke-class destroyers, the main type of ship Bath Iron Works builds, to be constructed in fiscal year 2022.
Posted inBusiness, Nation & World, News
China says all crypto transactions illegal; Bitcoin tumbles
The People’s Bank of China is developing an electronic version of the country’s yuan for cashless transactions that can be tracked and controlled by Beijing.
Posted inBusiness, New England
Rhode Island home that inspired the movie ‘The Conjuring’ up for sale
The purportedly haunted farmhouse behind the 2013 horror movie is listed for $1.2 million.
Posted inBusiness, New England
Boston requiring zero emissions for large buildings by 2050
The ordinance, drafted with the help of developers, applies to all buildings over 20,000 square feet.
Posted inBusiness, Maine, News
Inflation to push Maine’s minimum wage up to $12.75 in 2022
The lowest legal wage for most workers will go up 60 cents an hour, reflecting rising inflation and a competitive labor market.