Disney Buys $7M in Reforestation Offsets, a Corporate Record
Walt Disney Corp., by donating about $7 million to various conservation programs, aims to offset a portion of its emissions. Some are calling the move by Disney the biggest single corporate investment in forest carbon offsets to date.
The offsets are directed at:
- the Tayna and Kisimba-Ikobo Community Reserves in eastern Democratic Republic of Congo, where 3 million tons of CO2 will be mitigated over 20 years;
- the Alta Mayo conservation project in Peru, which aims to protect 740,000 acres of forests and prevent 900,000 tons of CO2 over the five-year span of the agreement;
- reforestation in the U.S. Lower Mississippi Delta, where more than 2,000 acres of former forestland will be replanted; and,
- forest management efforts in North California, where new forestry management practices are being developed to preserve the Redwood forests in Mendocino County.
The two foreign offset projects, worth $4 million, are in conjunction with Conservation International.
The Mississippi project will receive $2 million, directed through the Nature Conservancy, while the California project, through the Conservation Fund, will get $1 million.
Peter Seligmann, chairman of Conservation International, in an AP article, said Disney’s donations represent “the largest single corporate contribution ever made to reduce (greenhouse) emissions from deforestation.”
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