Conservation fund Climate Trust Capital has made a $550,000 investment in a 6,000-acre forestry project in Connecticut.
The new investment follows the $5.5 million fund’s first grasslands investment.
Climate Trust Capital is a carbon-focused investment fund backed by the Packard Foundation and U.S. Department of Agriculture. The Connecticut forest is critical to the fresh water supply for Connecticut cities.
Great Mountain Forest Corp., one of the nation’s oldest forest conservation organizations, will use the 11-year investment to ensure the forest maintains an above-average timber stock.