The acquisition of the 170,000-acre Shasta Cascade Timberlands from Roseburg Resources will boost New Forests’ climate-mitigation revenues along with its timber holdings.
New Forests has been active on the California carbon offset market, one of the largest sources of capital for forest conservation projects.
Some of New Forests’ projects generate income for Native American tribes that enroll their forests (see, “Forests grow as a climate solution”). The latest acquisition includes several conifer stands near Mt. Shasta.
New Forests manages more than two million acres of forestry, land, and conservation investments worldwide, including 450,000 acres of forest carbon projects in the U.S.