Biden administration spending $150M to help small forest owners benefit from selling carbon credits

U.S. Agriculture Secretary Tom Vilsack speaks to a conference of Black forestland owners in Brunswick, Ga., on Tuesday, Aug. 22, 2023. Vilsack announced a new Biden administration program that will spend $150 million to help owners of small parcels of forestland partner with companies willing to pay them for carbon offsets and other environmental credits. (AP Photo/Russ Bynum)

BRUNSWICK, Ga. (AP) — The Biden administration said Tuesday it will spend $150 million to help owners of small parcels of forestland partner with companies willing to pay them for carbon offsets and other environmental credits.

Agriculture Secretary Tom Vilsack announced the grant program at a conference of Black landowners in coastal Georgia, saying programs that allow private companies to offset their own emissions by paying to protect trees have disproportionately benefited owners of large acreage.

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