The forest biomass energy industry took a major hit this month, as Enviva, the world’s largest producer of wood pellets — burned in former coal power plants to make energy on an industrial scale — saw catastrophic third quarter losses. Enviva’s stock tanked, its CEO was replaced and the company seems near collapse. Founded in 2004, Enviva harvests forests in the U.S. Southeast, with its 10 plants key providers of wood pellets to large power plants in the EU, U.K., Japan and South Korea — nations that use a scientifically suspect carbon accounting loophole to count the burning of forest wood as a renewable resource. A former manager and whistleblower at Enviva told Mongabay in 2022 that t
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