Chugach trades AK coal field for California carbon credits

The Nature Conservancy Jan. 26 announced a deal that secures the sale and permanent retirement of an Alaskan coal field, while ensuring long-term income for an Alaskan Native community.

The deal will see the Chugach Alaska Corp., an Alaska Native regional corporation whose traditional lands stretch along the gulf of Alaska from the Kenai Peninsula to the Alaska Panhandle, sell the rights to its Be...