SOURCE: Baker HughesDESCRIPTION:
HOUSTON, June 2, 2021 /3BL Media/ – The Baker Hughes Foundation has announced a $100,000 grant to the American Forest Foundation (AFF) in support of its Family Forest Carbon Program (FFCP). The funds will help expand the FFCP, which will enable small landowners in Pennsylvania and across the Central Appalachians to improve their forest practices and verify the carbon benefits of improved forest management on their land.
Launched by AFF, FFCP is a credible and unique program providing inclusive opportunities for landowners to participate in forest carbon projects and transition to long-term sustainable management. The FFCP partners with family and individual landowners with small forest holdings to manage their forests in ways that help the planet—resulting in increased carbon sequestration and storage, as well as improved wildlife habitat and forest resiliency. The program also helps landowners measure and verify those emissions reductions so they can be marketed as carbon credits.
The FFCP’s goal is to engage 20% of the family-owned acres across the U.S. in sequestering and storing as much as two gigatons of carbon dioxide through the end of the century, aligning with the Baker Hughes Foundation's goal of promoting nature-based climate solutions and biodiversity. The Baker Hughes Foundation has committed $1 million to environmental causes over the next year, and the AFF grant is an important step in meeting that pledge.
“We are committed to research, innovation and sustainble technologies to promote the low-carbon economy, and nature-based climate solutions have an important role to play,” said Russell Wilkerson, chief corporate affairs officer at Baker Hughes. “Baker Hughes is proud to help the Family Forest Carbon Program fulfill its mission of helping small landowners improve their forest practices and participate in a lower-carbon future.”
To learn more about Baker Hughes’ work in supporting its communities, visit our Corporate Responsibility website.
About the Baker Hughes Foundation:
For 25 years, the Baker Hughes Foundation has been a steward of charitable resources for meaningful community impact. The Foundation seeks to advance environmental quality, education, health, safety, and wellness around the world by supporting organizations with shared values, demonstrated leadership, evidence of impact, financial soundness, and the capacity to implement initiatives and evaluate their success. The Baker Hughes Foundation makes strategic philanthropic contributions, matches Baker Hughes employee contributions, and awards volunteer recognition grants for outstanding employee community service.
About Baker Hughes:
Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.
About the American Forest Foundation:
The American Forest Foundation (AFF) is a national conservation organization that works exclusively to empower family forest owners to make a meaningful conservation impact around wildlife habitat, clean water, carbon sequestration and storage, and sustainable wood supplies. Together with a broad coalition of conservation partners, corporations, community-based organizations, and policymakers, we are working to empower family forest landowners and make sure everybody understands and benefits from the essential conservation impact of these lands.
KEYWORDS: Climate Solutions, low-carbon future, Sustainable Forest Management, Baker Hughes