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Nutrien suggests paying farmers to sequester carbon

posted Feb 14, 2020, 1:35 PM by Action for Agriculture

Nutrien chief executive officer and president Chuck Magro sees agriculture as a solution to help mitigate climate change, suggesting that paying producers for sequestering carbon would be a game changer.

Magro said farmers already store massive amounts of carbon on their land, but if they sequester even more through monetary incentives, it would be pivotal in addressing climate change.

“Today in Canada, we’ve made carbon a new expense (the carbon tax) on the income side, but it should also be a source of revenue for growers,” Magro said, recently speaking at Canada’s Agriculture Summit, hosted by the Calgary Chamber of Commerce.

“An avenue could be that they get paid to sequester carbon that they steward.”