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Article: The Pacific Forest Trust and Natsource Announce Landmark Transaction of First Forest-Based CO2 Emission Reductions Certified Under California Rules.
- Article from:
- PR Newswire
- Article date:
- February 11, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK and SAN FRANCISCO, Feb. 11 /PRNewswire/ -- The Pacific Forest Trust (PFT) and Natsource Asset Management LLC (Natsource) announced today the completion of a landmark transaction of certified forest carbon dioxide (CO2) emissions reductions. Natsource, a leading emissions and renewable energy asset manager, bought 60,000 tons of carbon emissions reductions on behalf of its clients from a private forest owner represented by PFT. The emissions reductions were created through sustainable forestry on a permanently conserved property in California. This deal illustrates the significant role that management of existing forests can play in addressing climate change. The ...