A new way to profit from ancient Alaskan forests — leave them standing - cleantech perspectives @ Clixoo
A new way to profit from ancient Alaskan forests — leave them standing
Sustainable Forest Management
Sealaska, an Alaska Native-owned corporation is being paid to leave some old-growth trees standing.
- Sealaska and its trees are caught between two very different models of industrial forestry. One is young—since 2015, the company has made $100 million selling carbon credits to oil companies—and the other old: industrial-scale logging.
- In 2015, Sealaska won access to the California carbon-trading markets, which allowed the corporation to sell its intact forests as offsets to British Petroleum.
- Alaska Native corporations now have BP offset its emissions by paying Sealaska not to log watersheds for the next century, the very areas where it had once planned to cut.