Carbon credits create new tribal income

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Publication Date: 
August 6, 2012
News Source: 
White Mountain Independent

WHITERIVER  — If everything goes according to plan, the White Mountain Apache will be able to retire all their debt within the next year or two and start putting millions toward economic development. The source of the  immediate funds, says Tribal Planner Joe Waters, is carbon sequestration payments from California companies.

Initial payments could run from $20-36 million, with an annual payment thereafter of $1.5-2 million.
 
 
 

 

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