This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Carbon Project Unlocks Value Of Southern Forests

TICKER SYMBOL (NYSE: UFS) (TSX: UFS)

FORT MILL, SC, Nov. 20, 2013 /PRNewswire/ - A Domtar-supported cash-for-carbon exchange developed by Asheville, N.C.,-based Dogwood Alliance and office-supply giant Staples, Inc., has resulted in the first sales of carbon offsets by forest landowners in two Southern states.

Called Carbon Canopy, this first-of-its-kind exchange was created to encourage sustainable development of the nation's forests. It is designed to deliver the following outcomes: landowners receive revenue for their carbon, but also agree to follow Forest Stewardship Council (FSC) sustainable forestry practices; forest-product companies agree to purchase sustainably harvested timber from Carbon Canopy landowners; and corporate partners purchase the related carbon assets, which reduce their energy footprints and support a marketplace that promotes forest conservation.

The first two sales contracts involve the owners of 14,000 acres of FSC-certified forest in Western North Carolina and Southwestern Virginia, and will create more than 100,000 metric tons of carbon offsets in their first year.

"As a partner in the Carbon Canopy initiative, Domtar is proud to support this innovative approach to expanded FSC forest management certification and enhanced return to landowners. We congratulate Dogwood Alliance, Staples and other key partners for their commitment to unlocking the value of forests,'' said Paige Goff, Domtar's Vice-President - Sustainability and Business Communications.

FSC-certified timber is Domtar's preferred source for its wood fiber and in 2010. The Company formed the Four States Timberland Owners Association to assist Southern landowners and managers in obtaining sustainable forest management certification. Domtar and 55 individual landowners representing more than 70,000 acres of forestland achieved certification in November 2012. For this effort, Domtar received the American Forest & Paper Association's 2013 sustainable forest management award.

For more information on how the Carbon Canopy exchange operates and its benefits for landowners, forest-product companies, corporate green leaders and the ecosystem, please refer to the press release issued today by Dogwood Alliance.

About Domtar 

______________________________________

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,654.77 +369.26 2.27%
S&P 500 1,987.66 +47.15 2.43%
NASDAQ 4,812.7080 +115.1720 2.45%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs