Sealaska Forests Provide Benefits Through Carbon Project
Thursday, April 4, 2019
Sealaska’s current and future shareholders and leaders will have many opportunities from the income we receive from the carbon project.
In 2018, Sealaska’s carbon-offset project became the first in Alaska to be issued carbon-offset credits through California’s cap-and-trade program. The project is contributing to Sealaska’s biggest net income year on record.
Creating financial, cultural and community benefits from our lands is Sealaska’s priority. Sealaska began exploring similar opportunities nearly a decade ago in an effort to find new, innovative ways to maximize the value of our lands. Sealaska’s carbon project lands will be managed to maintain environmental benefit for the project life.
While revenue from the sale of carbon credits will be realized during the next five years, Sealaska directors and management have taken steps to ensure that the impact to shareholders will extend for the next 100 years.
“We are excited that our carbon project allows us to recognize the effects of climate change and start making efforts to address the health of our planet and our oceans,” said Mallott.
Sealaska’s carbon project ties our land management efforts to our marine monitoring and environmental remediation businesses to address our changing environment.
“Sealaska’s current and future shareholders and leadership will have many opportunities from the income we receive from the carbon project,” said Anthony Mallott, Sealaska’s President and CEO.
Sealaska retains the ability to utilize the carbon project lands — allowing for mineral exploration, road building, and recreational or tourism opportunities. Additionally, these lands will still be accessible to shareholders for subsistence and other cultural activities.