The Texas Wildfire Burned Surprising Source of Carbon Credits: Soil [BNN Bloomberg (Canada)]
Marathon Oil Corporation (MRO)
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Source: BNN Bloomberg
One fire has also impacted a carbon offset project that uses cattle to help manage the land in a way that boosts soil health and carbon levels. With dry, windy weather this week, new blazes could ignite even as firefighters are still working to contain the Smokehouse Creek Fire, the largest wildfire in Texas history. The blaze quickly burned through more than 1 million acres in Texas and Oklahoma. Wildfires have proven to be a problem for companies looking to offset their climate footprint by paying to protect forests, where carbon is stored in trees. Last year, a blaze burned a portion of a British Columbia forest linked to carbon credits, sending the carbon stored in damaged trees back into the atmosphere. The Texas fire also released carbon dioxide. That may not ultimately impact credits already sold in part thanks to a cache set aside for risks such as wildfire. Still, it raises the question of whether soil carbon offset projects face similar fire risks as their forest counter
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News
- Marathon (MRO) Q1 Earnings on Deck: Here's How It Will Fare [Yahoo! Finance]Yahoo! Finance
- Marathon Oil Corporation Declares First Quarter 2024 DividendPR Newswire
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- Marathon Oil Co. (NYSE: MRO) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $32.00 price target on the stock.MarketBeat
- Marathon Oil (MRO) Gains But Lags Market: What You Should Know [Yahoo! Finance]Yahoo! Finance
MRO
Earnings
- 2/21/24 - Beat
MRO
Sec Filings
- 4/10/24 - Form ARS
- 4/10/24 - Form DEFA14A
- 4/10/24 - Form DEF
- MRO's page on the SEC website