Finite Carbon and Norfolk Southern register Brosnan Forest carbon project
Project results in nearly 300,000 carbon offsets for reducing greenhouse gas
emissions and complements woodland protection for the endangered red-cockaded
CHARLESTON, S.C., Oct. 22, 2013
CHARLESTON, S.C., Oct. 22, 2013 /PRNewswire/ -- Finite Carbon and Norfolk
Southern Corporation (NYSE: NSC)today announced the successful development
and registration of the Brosnan Forest Improved Forest Management carbon
project. The project meets the Climate Action Reserve's forest project
protocol and resulted in more than 282,000 eligible carbon offset credits at
initial registration. The project is being transitioned as an early action
project for the California Air Resources Board greenhouse gas emissions
Carbon offset credits are issued for projects that significantly reduce
greenhouse gas emissions. Each credit represents one metric ton of carbon
dioxide-equivalents avoided by the natural process of trees absorbing carbon
dioxide. The credits can be sold to companies or individuals interested in
offsetting their emissions. Proceeds from the eventual sale of the carbon
credits may be used to further promote the sustainable management and
conservation of wildlife and forestry resources at Brosnan Forest.
Owned by Norfolk Southern and its predecessor railroads for some 180 years,
Brosnan Forest includes more than 14,400 acres in South Carolina's Lowcountry
and is the largest privately protected property in the state. Brosnan Forest
is a significant forest in the ACE Basin, one of the largest undeveloped
estuaries on the East Coast. Norfolk Southern permanently protected the land
from development in 2008 when it donated a conservation easement on more than
12,000 acres to the Lowcountry Open Land Trust.
Brosnan Forest includes 6,200 acres of longleaf pine forest, one of North
America's most threatened forest ecosystems. Longleaf forests provide unique
habitat for a rich diversity of plants and wildlife. Brosnan Forest provides a
safe harbor for 82 colonies of endangered red-cockaded woodpeckers, the
largest population of such birds on a single tract of private land. To help
restore this important ecosystem to its historic U.S. range, Norfolk Southern
is planting an additional 2,000 acres of longleaf pine at Brosnan Forest over
the next decade.
"Finite Carbon's forestry team and project development expertise guided the
Brosnan Forest carbon project from conception to successful completion," said
Blair Wimbush, NS vice president real estate and corporate sustainability
officer. "The project perfectly aligns with Norfolk Southern's sustainability
efforts, which include improving the fuel and energy efficiencies of our
locomotive fleet, lowering energy use at railroad facilities, and investing in
reforestation efforts to restore longleaf pine forests and American chestnut
trees to their native ranges and planting 6 million trees on 10,000 acres in
the Mississippi Delta."
"It's gratifying to work with Norfolk Southern to develop a forest carbon
project for such a unique property," said Finite Carbon President Sean Carney.
"We'd also like to thank Norfolk Southern's long-time forest consultant,
Milliken Forestry Company. Their direction of forest operations at Brosnan
Forest for more than 30 years has contributed to the forest's restoration and
helped Norfolk Southern benefit from the California offset market."
Forestry practices at Brosnan Forest were recently audited and certified as
meeting the requirements of the Sustainable Forestry Initiative® forest
certification program. The Brosnan Forest project is one of 10 Improved Forest
Management carbon projects that Finite Carbon currently is developing for the
California Air Resources Board carbon offset program.
Finite Carbon is America's leading developer of forest carbon offsets.
Combining unparalleled project development experience with extensive carbon
market knowledge, Finite Carbon's in-house team of forest carbon experts
offers a single-source solution for creating and monetizing carbon offsets and
the most comprehensive forest carbon project development and commercialization
service in the US. The company is headquartered in Wayne, Pa., and has offices
in San Francisco, Ca., Cherry Creek, N.Y., Williamsport, Pa., and Tallahassee,
Norfolk Southern Corporation is one of the nation's premier transportation
companies. Its Norfolk Southern Railway Company subsidiary operates
approximately 20,000 route miles in 22 states and the District of Columbia,
serves every major container port in the eastern United States, and provides
efficient connections to other rail carriers. Norfolk Southern operates the
most extensive intermodal network in the East and is a major transporter of
coal, automotive, and industrial products.
Connect with NS
SOURCE Norfolk Southern Corporation
Contact: Finite Carbon: Sean Carney, 484-586-3092 (email@example.com),
Norfolk Southern: Susan Terpay, 757-823-5204 (firstname.lastname@example.org)
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