It could well be that the other alternative for these forests was logging or slash and burn agriculture, in which case the program is working exactly as intended. Or if not, we can criticize it for being ineffective without woke moralizing. Someone needs to make a bid to preserve the forest, and this company made a bid that is apparently higher than alternatives. As carbon credit economy takes off, there will be competition and prices will rise, in turn exposing the limits of carbon offsets and forcing reductions in actual emissions.