TX - Southeast Texas ranch to preserve forest in carbon storage deal
A donation from a Houston company will be used to preserve a forest on a southeast Texas ranch, as well as plant trees in Houston, in a unique carbon sequestration project by a local nonprofit.
Sprint Waste Services, a Houston industrial waste management company that services the oil industry, donated $100,000 to the Texas Coastal Exchange, a nonprofit that compensates landowners for the environmental benefits of preserving natural ecosystems on their land. The donation will translate to 5,000 tons of carbon dioxide stored in preservation and planting efforts, as the Texas Coastal Exchange assigns a price of $20 per ton of carbon dioxide stored.
Trees naturally absorb carbon dioxide, a greenhouse gas, which in turn reduces the effect of climate change.
The nonprofit will pay Pierce Ranch in Warton County, about 70 miles of southwest downtown Houston, to preserve between 2,500 and 5,000 acres of oak, pecan, hickory, elm and green ash trees for a minimum of 10 years. That equals about 3,750 tons of carbon dioxide storage, by the Texas Coastal Exchange’s calculation.