With partners, Stolt Tankers funds reforestation in Ethiopia, Philippines, Pacific Northwest
Stolt Tankers Joint Service Pool and its partners NYK Line, Tufton and Farvatn Capital have donated $100,000 to One Tree Planted and We Forest, two nonprofit organizations with extensive experience managing reforestation, carbon absorption and environmental-impact projects.
Stolt Tankers stated the donation reflects the company’s broader ambition to reduce its own carbon intensity by 50 percent by 2030 and to become a fully carbon-neutral business by 2050. The STJS Pool is the first tanker pool to implement a so-called Green Bunker Procurement Fund with proceeds dedicated to carbon reduction, fuel efficiency and environmental initiatives.
“I am pleased to make this $100,000 donation jointly with our partners NYK, Tufton, and Farvatn and believe addressing the many aspects of decarbonization in shipping requires an all hands-on-deck approach,” said Lucas Vos, president of Stolt Tankers. “This contribution demonstrates our mutual commitment to addressing the climate challenges of today, and tomorrow, by supporting reforestation and ocean mangrove ecosystems. We hope our support will make an impact by both capturing carbon and helping the communities and ecosystems on the front line of climate change.”
In total, three projects will be supported by the donations. The first project is led by We Forest and focused on reforestation of the Desa Forest in northern Ethiopia. In addition, the funding will help We Forest on its Philippines’ Indigenous Bamboo and Native Tree Reforestation project, which will remove 500,000 metric tons of CO2 from the atmosphere. Lastly, the donation supports One Tree Planted on its Pacific Northwest reforestation project, which plants trees alongside rivers and streams to improve water quality and ultimately the health and quantity of salmon to support wild orca populations.