Global Infrastructure SherpaTotalEnergies Invests $100 Million in Sustainable Forestry Operations with Anew Climate and Aurora Sustainable Lands
USD100M
Deal Value
TotalEnergies has committed $100 million to a partnership with Anew Climate and Aurora Sustainable Lands to deploy sustainable forestry operations across 300,000 hectares in 10 U.S. states. This investment supports Improved Forest Management (IFM) practices aimed at preserving natural carbon sinks, reducing timber harvesting, and enhancing carbon storage, with the generated carbon credits to be acquired and retired by TotalEnergies beyond 2030 to offset Scope 1 & 2 emissions.
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TotalEnergies is deploying $100 million into sustainable forestry across 300,000 hectares in ten U.S. states, partnering with Anew Climate and Aurora Sustainable Lands. The global integrated energy company, known for producing and marketing diverse energies, is directly investing in Improved Forest Management practices. This initiative aims to preserve natural carbon sinks and enhance carbon storage by reducing timber harvesting. Crucially, TotalEnergies plans to acquire and retire the generated carbon credits beyond 2030, earmarking them to offset its own Scope 1 & 2 emissions.
- TotalEnergies commits $100 million.
- 300,000 hectares across 10 U.S. states.
- Carbon credits for TotalEnergies' Scope 1 & 2 emissions, post-2030.
- Focus on Improved Forest Management (IFM).
Timeline
Announced
Aug 30, 2024
Signed
Closed
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