12 November 2009
Los Angeles, CA – California’s largest private landowner – Sierra Pacific Industries announced today that they have entered into the nation’s single
largest pre‐compliance forest carbon transaction to date. The transaction will consist of a series of projects focused on developing compliance‐ready carbon
offsets registered under the recently approved Climate Action Reserve (CAR) forestry protocol Version 3.0. These offsets would be used to comply with
emissions reduction goals under California’s landmark legislation, Assembly Bill 32.
The transaction will sequester an additional 1,500,000 tons of carbon dioxide over the next five years in excess of what would have otherwise occurred. The
investment in the projects will be made through the Eco Products Fund, LP– a.