Tellurian Inc. (Tellurian) (NYSE American: TELL) announced today it has begun a partnership with the National Forest Foundation (NFF) on a five-year, $25 million plan for reforestation and other projects across the United States. One of the first projects will be to re-plant 300,000 trees in the Kisatchie National Forest (Kisatchie), located near Alexandria, Louisiana. Kisatchie was heavily damaged by recent weather events and lost nearly 40,000 acres of native trees.
Executive Chairman Charif Souki said, “Tellurian is beginning a long-term investment in reforestation, starting in our own backyard, as new trees help provide nature-based carbon sequestration, cleaner air and environmental resiliency. The NFF, in collaboration with the U.S. Forest Service, has identified multiple projects across the country that we will support in the coming years. We recognize that natural climate solutions are effective and critically needed today, and that the NFF offers a powerful suite of strategies in this regard.”
“Tellurian’s investment in healthy, resilient forests and their ability to capture and store carbon is a major step forward,” noted Mary Mitsos, NFF President & CEO. “This partnership will not only plant a significant number of trees on National Forest land, but it will also invest in the supply chain of seedlings critical for our nation’s long-term reforestation needs. We appreciate Tellurian’s tremendous commitment across multiple dimensions of our forests’ future.”
National Forests comprise 193 million acres nationwide, providing extensive ecosystem services including drinking water, carbon sequestration, wildlife habitat, and more. Managed by the U.S. Forest Service, these public lands are threatened by unnaturally severe wildfire, blight, and pests. The NFF and its partners counter these threats to ensure more resilient, productive, and beautiful forests. Tellurian now joins that mission.
“This is a forest conservation trifecta,” said NFF Executive Vice President Ray A. Foote. “We will plant 13 million trees in the next five years starting immediately with 300,000 trees on the Kisatchie National Forest. We will ramp up tree nursery capacity to secure a future supply of millions of quality seedlings. Finally, we will increase forests’ ability to hold carbon which is a critical natural climate solution. This $25 million investment by Tellurian, the largest contribution in the NFF’s history, will yield measurable conservation results for years to come. We are grateful for this generous and far-reaching commitment.”
Tellurian chose to work with the NFF because of the organization’s track record of delivering quantifiable conservation results and its cutting-edge work on carbon strategies through forest management.