18 February 2008 — New York, NY and San Francisco, CA-The Pacific Forest Trust (PFT) and Natsource Asset Management LLC (Natsource) announced today the completion of a landmark transaction of certified forest carbon dioxide (CO2) emissions reductions. Natsource, a leading emissions and renewable energy asset manager, bought 60,000 tons of carbon emissions reductions on behalf of its clients from a private forest owner represented by PFT. The emissions reductions were created through sustainable forestry on a permanently conserved property in California. This deal illustrates the significant role that management of existing
forests can play in addressing climate change. The transaction is the first commercial delivery of certified emissions reductions under the Forest Protocols adopted last fall by the California Air Resources Board (CARB). The Protocols are the first rigorous governmental accounting standards in the U.S. for climate projects embracing forest management and avoided deforestation, while ensuring emissions reductions are real, permanent, additional and verifiable.