Tellurian to Donate $25 Million to the National Forest Foundation for Nationwide Reforestation; Includes the Planting of 300,000 Trees in Louisiana’s Kisatchie National Forest
December 14 2021 - 07:00AM
Business Wire
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.
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Kisatchie National Forest , Louisiana
(Photo: Business Wire)
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.
About Tellurian Inc.
Tellurian intends to create value for shareholders by building a
low-cost, global natural gas business, profitably delivering
natural gas to customers worldwide. Tellurian is developing a
portfolio of natural gas production, LNG marketing and trading, and
infrastructure that includes an ~ 27.6 mtpa LNG export facility and
an associated pipeline. Tellurian is based in Houston, Texas, and
its common stock is listed on the NYSE American under the symbol
“TELL”. For more information, please visit www.tellurianinc.com.
Follow us on Twitter at twitter.com/TellurianLNG
About the National Forest Foundation
The National Forest Foundation works on behalf of the American
public to inspire personal and meaningful connections to our
National Forests. It leverages private and public funding, leading
conservation efforts to restore forests, plant trees in areas
affected by fires, insects, and disease, enhance wildlife habitat,
and improve recreational opportunities. The NFF develops natural
climate solutions and innovative conservation-finance initiatives.
It facilitates common ground around solutions to forest challenges
by bringing communities, businesses, officials, and partners
together. The NFF believes our National Forests and all they offer
are an American treasure and are vital to the health of our
communities and nation. For more information, please visit
www.nationalforests.org.
CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING
STATEMENTS
This press release contains forward-looking statements within
the meaning of U.S. federal securities laws. The words
“anticipate,” “assume,” “believe,” “budget,” “estimate,” “expect,”
“forecast,” “initial,” “intend,” “may,” “plan,” “potential,”
“project,” “proposed,” “should,” “will,” “would,” and similar
expressions are intended to identify forward-looking statements.
Forward-looking statements herein relate to, among other things,
the capacity, timing, construction and other aspects of the
Driftwood project, future production and drilling activities and
the timing of a notice to proceed with respect to the project.
These statements involve a number of known and unknown risks, which
may cause actual results to differ materially from expectations
expressed or implied in the forward-looking statements. These risks
include the matters discussed in Item 1A of Part I of the Annual
Report on Form 10-K of Tellurian for the fiscal year ended December
31, 2020 filed by Tellurian with the Securities and Exchange
Commission (the SEC) on February 24, 2021, and other Tellurian
filings with the SEC, all of which are incorporated by reference
herein. The forward-looking statements in this press release speak
as of the date of this release. Although Tellurian may from time to
time voluntarily update its prior forward-looking statements, it
disclaims any commitment to do so except as required by securities
laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20211214005381/en/
Media: Joi Lecznar EVP Public and Government Affairs
Phone +1.832.962.4044 joi.lecznar@tellurianinc.com
Investors: Matt Phillips Vice President, Investor
Relations Phone +1.832.320.9331
matthew.phillips@tellurianinc.com
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