Historic Deal Establishes Environmental Value Of Trees

Landmark sale of "carbon-credits" establishes environmental value of standing forests "independent of their worth as cut timber."

1 minute read

November 13, 2000, 8:00 AM PST

By Abhijeet Chavan @http://twitter.com/legalaidtech

In a landmark--though mostly symbolic--deal announced Thursday, a Northern California conservation group has sold the air-cleansing capacity of trees on 5,000 acres to a Texas energy company. The aim of the sale is to help deter global warming and to win some public relations points for clean energy and old-growth forests.

Thanks to Abhijeet Chavan

FULL STORY: Historic Deal Is Based on Trees' Value in Environment

Friday, November 10, 2000 in The Los Angeles Times

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