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Sempervirens Fund  and Pacific Gas and Electric's, or PG&E's, ClimateSmart program have announced that a joint effort to sequester greenhouse gas emissions by preserving a redwood forest in the Santa Cruz Mountains has received an independent verification of its carbon offsets.

By managing redwood growth and preventing future logging, the Lompico Forest Carbon Project will preserve 425 acres of redwood trees for the next 100 years. The verification confirms that the project has captured the equivalent of 9,248 metric tons of CO2 emissions, equal to the greenhouse gas (GHG) emissions of more than 1,700 cars for one year, said PG&E.