NewEnergyWorldNetwork.com
November 5, 2009
By NewNet
The US Treasury has selected Ecotrust to allocate $30m in federal tax credits to innovative initiatives that create economic, social and environmental benefit in the Northwest's rural and disadvantaged communities.
Ecotrust will aim to help finance the purchase and long-term management of forests by entities who wish to further the public benefits. Second, Ecotrust will assist tribes in repatriating former tribal forestlands and to implement long-term management plans that improve forest health and provide economic benefits to the tribe. Third, the company will help finance the start up or expansion of wood pellet, biomass and other facilities that create economic opportunities and provide a market for waste wood, logging slash, and other materials.