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May 5, 2009

Hyundai Genesis sales pay for forest preservation and restoration projects

Posted by : admin
Filed under : Enviornment News

Last fall, Hyundai announced that for every Genesis sedan sold during the 2009 model year it would make carbon offset grants equivalent to the CO2 emissions of those cars. Six months into the program, Hyundai Motor America is now paying out the first award grants totaling over $100,000. Three grants of $35,000 each are going to programs in Peru, Mozambique, and Kenya. The Peruvian project is meant to battle deforestation in the Alto Mayo Protected Forest while new trees are being planted in Mozambique to rehabilitate forests that have already been damaged. The Kenyan project will employ over 100 people re-planting trees in a threatened rain forest.

Hyundai is working with CarbonFund.org to identify and fund worthy projects. The program will continue through the 2009 model year and is expected to offset over 93,000 metric tonnes of carbon dioxide. The press release is after the jump.

[Source: Hyundai]

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Hyundai Genesis sales pay for forest preservation and restoration projects originally appeared on AutoblogGreen on Fri, 01 May 2009 14:54:00 EST. Please see our terms for use of feeds.

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