Why are IKEA and Apple buying up forests …. lots of forests?

paperinsight bioeconomyAn interesting article appeared in Gizmodo by Kelsey Campbell-Dollaghan giving a perspective on the interests of technology and retail companies in forests, driven by conservation and sustainability pressures and their drive to use renewable resources.

Recently, Ikea (83,000 acres) and Apple (36,000 acres) bought up significant tracts of forest with the intention of managing them as a renewable resource.

In a quote attributed to Apple’s Lisa Jackson, she states:
‘We are in the midst of one of the greatest land transfers in history. In the last 15 years, we’ve already lost 23 million acres of forestland that provided the pulp, paper, and solid wood material for products we all use. That’s roughly an area the size of Maine. As land continues to be sold and change hands at an alarming rate, an estimated 45 million more acres are currently in the crosshairs of development.’

Apple and IKEA are not alone in eyeing up (buying up) future sources of renewables which can be used in the production of energy, food products or products many of which were traditionally derived from fossil fuels such as oil, coal and gas.

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For more information on why companies are buying up forests, there is also an article in the Wall Street Journal concerning IKEA –> click here

Posted in Apple, bio-economy, bio-renewables, Canda International, deforestation, Environment, Forests, IKEA, sustainability and tagged , , , , , .

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