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Duke Energy
Duke Energy Invests in 'GreenTrees' to Generate Carbon Offsets from the Planting of 1 Million Trees
June 13th, 2009
Duke Energy (NYSE:DUK) announced it is the lead investor in "GreenTrees," a program that aims to reforest 1 million acres in the Lower Mississippi Alluvial Valley. The program is expected to generate high-quality, verifiable carbon offsets that Duke Energy believes will help reduce the overall cost of compliance with federal climate change legislation. GreenTrees seeks to transform open and marginal farmland in this seven-state region into a sustainable ecosystem that captures large quantities of carbon dioxide, creates habitat for wildlife, and benefits landowners who commit to the long-term reforestation of their property. Duke Energy's initial investment will result...
Source: Law & Health Weekly (2009-06-13)
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