Monday, February 11, 2008

A Eck of a Sale!

Posted By on Mon, Feb 11, 2008 at 2:10 PM

According to the Sacramento Bee, the Van Eck Forest, which has sold carbon credits in the past to Gov. Arnold Schwarzenegger, House Speaker Nancy Pelosi and Assembly Speaker Fabian Núñez, "logged" its largest sale to date recently.

Natsource Asset Management LLC, a New York firm that deals in credits for greenhouse gas emissions reductions and renewable energy development, purchased 60,000 tons of carbon dioxide emissions reductions from the Van Eck Forest for an undisclosed price. The deal was the forest's biggest sale by a factor of 10.

Emissions reductions from such projects typically sell for about $15 a ton. The revenue helps cover the cost of managing the forest so that it soaks up carbon from the atmosphere.


The Journal's own Heidi Walters reported on Mr. Van Eck's forest back in December of last year.

  • Pin It
  • StumbleUpon
  • Favorite
  • Email

Tags: ,

Speaking of Forestry, Environment

Comments

Subscribe to this thread:

Add a comment

Readers also liked…

About The Author

Japhet Weeks

more from the author

  • Big Fish

    • Jul 10, 2008
  • Lost in Translation

    36 Chinese students and their Humboldt hosts take a walk in the woods
    • Jul 10, 2008
  • Slow Burn

    Wildfires around Orleans are testing how well a community, an Indian tribe and a government agency can work together
    • Jul 3, 2008
  • More »

Latest in News Blog

© 2016 The North Coast Journal Weekly

Website powered by Foundation

humboldt