The ceremonial NYSE event celebrates GreenTrees’ 20-year history answering climate change through reforestation and its commitment to scale nature-based carbon removal credits through digital innovation and coming platform technology
THE PLAINS, VA. – APRIL 25, 2023: GreenTrees, a global leader in reforestation to answer climate change and the largest reforestation program in the U.S., will commemorate Arbor Day on Fri., April, 28, 2023, by ringing The Opening Bell® of the New York Stock Exchange (NYSE). To honor the occasion, Carey Crane, co-founder of GreenTrees, and Chandler Van Voorhis, co-founder and managing partner of GreenTrees, will together ring NYSE’s opening bell at 9:30 a.m. ET.
The event will commemorate the national secular holiday for trees as well as GreenTrees’ 20-year history as an organization answering climate change through reforestation and its continuous commitment to scale nature-based carbon removal credits through digital innovation and coming platform technology.
“It’s a great honor to open the New York Stock Exchange on Arbor Day and celebrate the vital, life-sustaining role of trees on our planet and our 20-year mission of scaling conservation and reforestation by putting a price and value on natural capital and linking the biological world to the transactional marketplace,” said Van Voorhis. “Our mission is critical as the climate crisis is only becoming more pressing. Nature is the most scalable technology for repairing, recalibrating and removing carbon dioxide from atmosphere, and we are committed to taking care of the environment for future generations.”
Founded in 2003, GreenTrees has pioneered reforestation in the U.S. and worked in public-private partnership with government entities to empower landowners to participate in a vibrant, voluntary carbon credit market. The only carbon removal program open to both small and large landowners, GreenTrees provides the resources for individual landowners to change their land use to forests, measure the biomass growth annually and convert that annual growth into carbon credits while delivering revenue to them. GreenTrees plants forests in three primary areas within the United States: the Mississippi Alluvial Valley, the Commonwealth of Virginia and the U.S. southeastern region.
As policymakers and companies nationwide continue to bank on trees to play a critical role in reducing carbon footprints, GreenTrees in March launched Virginia’s first-ever reforestation project for generating carbon removal credits for sale on environmental markets. In the new project, GreenTrees is planting 60,000 trees on 95 total acres in Fauquier and Shenandoah Counties in Virginia. In addition, GreenTrees also recently launched South Carolina’s first-ever reforestation project for generating carbon credits, planting 280,000 longleaf pine trees on 511 total acres in Williamsburg County.
To date, GreenTrees has engaged more than 600 landowners ranging from 10 to 3,500+ acres and planted 130,000+ acres of forests that have removed more than six million metric tons of carbon from the Earth’s atmosphere; these existing planted acres will remove a projected 30 million metric tons of carbon over the next 40 years. In October 2022, GreenTrees landowner partners received the highest income distribution ever from GreenTrees for nature-based carbon removal credits generated from reforestation projects. Of the total $8.2 million distributed by GreenTrees, the average payout to each landowner was more than $12,000 and $60 per acre.
The NYSE Opening Bell® will ring at 9:30 a.m. ET and interested parties may tune in to a live stream on the NYSE’s website at: https://www.nyse.com/bell. Videos and photos during and following the ceremony will be shared on NYSE’s YouTube and Facebook pages and on Twitter @NYSE.