I'm both an Economics and Linguistics researcher and I've been puzzled since last year's announcement. See, I live in Brazil, and there's no specificity to exactly what forests Apple is rebuilding/replanting or whatever.
Furthermore, there is a very well-known trend of using land that is already protected (or was supposed to be) for "carbon credits" initiatives. In the Amazon rainforest, several portions of land that were already supposed to be protected reserves or assigned to the ownership of indigenous peoples (who also keep them protected just by living there) were ilegally taken away by private companies or people (we call them "grileiros") and then used for these carbon neutral initiatives.
This "BTG Pactual" is a Brazilian conglomerate already involved in several fraud controversies regarding sustainability and deforestation.
The aggravating fact, for me, is that this Restore Fund is just a buzzword. Yes, it is an investment fund. It is a private investment fund, with no detailed information about its initiatives, how they use their funds and what their profit is.
Furthermore, there is a very well-known trend of using land that is already protected (or was supposed to be) for "carbon credits" initiatives. In the Amazon rainforest, several portions of land that were already supposed to be protected reserves or assigned to the ownership of indigenous peoples (who also keep them protected just by living there) were ilegally taken away by private companies or people (we call them "grileiros") and then used for these carbon neutral initiatives.
This "BTG Pactual" is a Brazilian conglomerate already involved in several fraud controversies regarding sustainability and deforestation.
The aggravating fact, for me, is that this Restore Fund is just a buzzword. Yes, it is an investment fund. It is a private investment fund, with no detailed information about its initiatives, how they use their funds and what their profit is.