Sealaska Corporation announces multimillion dollar deal to keep trees in the ground

Big greenhouse gas emitters in California are now able to buy carbon offset credits based in Alaska. The Southeast regional Native corporation Sealaska is using some of its lands for carbon sequestration. Thousands of acres of old growth trees will stay intact for over 100 years. It’s the first carbon bank in the state to be approved for the market.

Sealaska says its another way of securing a future for shareholders.

On the fourth floor of Sealaska Plaza, there’s a board room with an amazing view. A long glass window overlooks the Gastineau Channel. Beyond that, you can see a canopy of evergreens.

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