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Chevron USA, through its Chevron New Energy division and the Restoring Earth Foundation, Inc.
, announced an agreement for the Parish of St.
Charles, Louisiana, for a Up to 8,800 acres of property reforestation project
.
The project unites Chevron and the Restoring Earth Foundation to develop a nature-based solution expected to remove carbon from the atmosphere, with a focus on the reforestation of natural cypress forests and marshes in St.
Charles Parish
.
As part of the project, Chevron will fund Restoring the Planet, which is expected to plant 1.
7 million seedlings of local bald cypress trees
"Carbon offsets are expected to play a significant role in reducing global carbon emissions," said Barbara Harrison, vice president of
Chevron Renewable Energy.
Bringing a lower carbon solution to Chevron and our customers
.
In 2021, Chevron launched Chevron New Energy to accelerate low-carbon operations in the hydrogen industry; carbon capture, utilization, and storage (CCUS); offsets; and emerging opportunities and support Chevron's continued focus on biofuels
.
PJ Marshall, founder and executive director of Restoring the Earth Foundation, said: "We are delighted to be partnering with Chevron New Energy
.
Restoring Earth's landscape-scale reforestation is a nature-based solution that is critical to combating climate change.
, and provide many additional environmental and social benefits to the region and country
