Toronto Dominion Securities invests $10 million in Boreal Wildlands Carbon Project

TD Securities Inc. Equity Capital Markets
Cision Newswire
September 21, 2022
Category: Carbon, Climate & Bioenergy
Region: Canada, Canada East

TORONTO – The Toronto-Dominion Bank announced a $10 million investment into the Boreal Wildlands Carbon Project located in Hearst, Northern Ontario. The project is being developed by Nature Conservancy of Canada (NCC) in support of its crucial efforts to protect nearly 1,500 square kilometers of boreal forest in Northern Ontario – the largest single private conservation project ever undertaken in Canada. Known as the ‘lungs’ of the planet, Canada’s boreal forests hold more than 10 per cent of the world’s land-based carbon reserves, and their protection remains critical in the fight against biodiversity loss and climate change. Through its investment, TD Securities (TDS) will help conserve more than 145,173 hectares of mixed hardwood and softwood boreal forest. TDS will receive access to a portion of the carbon offsets generated from the project. The investment demonstrates TD’s commitment to supporting the growth and development of voluntary carbon markets by providing innovative financing solutions.

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