Portfolio: Over 1 Million Acres, 30 Million Offsets, $300 Million and growing
Passamaquoddy Indian Tribe IFM
The Passamaquoddy Tribe Improved Forest Management Project which includes 98,492 acres spanning the Tribe’s two major reservations in Indian Township and the coastal community of Pleasant Point, has received a total of 3,218,469 offsets delivered.
The Confederated Tribes of the Colville Reservation
Colville is by far the largest carbon offset project undertaken under California’s Cap and Trade Program. The Colville Improved Forest Management Project has received (11,559,462 Registry Offset Credits, an interim final step before the Tribe receives 11,559,462 offsets from the California Air Resources Board. The Tribe has already entered into a contract to sell these carbon offsets to British Petroleum over a five-year period, creating a steady income stream for the Tribe. The Colville IFM Project is designed to preserve existing carbon levels on nearly half a million acres of forest in Washington state. The project will also support sustainable future management of the forest and create economic opportunities for the tribe.
SEALASKA, an Alaskan Native Corporation, owns 362,000 acres of surface land, and is the dominant timber producer in Southeast Alaska. SEALASKA takes great pride in responsible forest management, consistent quality assurance and reliability of delivery. They understand that the timber industry is constantly changing and they must carefully evaluate future ANCSA harvest levels to maintain sustainable forests. Long-term, strategic forest management is vital to the longevity of SEALASKA Corporation and a strong carbon offset program plays a key role in their long-term success.
Ahtna, Inc. shareholders are mainly comprised of the Ahtna Athabascan people of the Copper River and Cantwell regions of Southcentral Alaska. The Ahtna people take their name from the indigenous word for the Copper River, which flows through Ahtna land. Ahtna natural resources are plentiful and their region has been consistently surveyed for decades and has strong infrastructure. Unlike many other regions in Alaska, Ahtna is completely accessible via the road system, connecting us to busy depots like Anchorage, Fairbanks, and Valdez. Once final approval is received, Ahtna Native Alaskan will be the largest project area to be issued offsets under the California Cap and Trade Program when registered – out-sizing the Colville project.