Alaska Aleut, Eskimo, and Indian shareholders
- Chugach Alaska Corporation
- Alaskan's Prince William Sound
- natives rely on commercial fisheries and a subsistence lifestyle
- want to protect 115,000 acres of its forested land from development and coal acreage from development
- California CO2 emitters will "buy" ("protect") that Native American forested land from developement
- CO2 emitters will purchase "credits" from the Chugach Alaska Corporation
- terms are confidential
- the agreement will also buy/sell coal rights on 62,000 acres on behalf of New Forests, a sustainable forestry investment firm; forests to Nature Conservancy and Native Conservancy land trust; coal will not be developed
- of the land being protected, the forest and the coal field overlap on 11,000 acres
- for forests, this is not an unusual move
- other states protecting forests: Michigan, South Carolina, New Hampshire, Virginia, Wisconsin, Arizona
- other Alaska Native corporations pursuing similar projects
- the "coal" angle is setting a new precedent
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