New Forests returns ancestral land to Hoopa Valley Tribe

About

Nestled within the Humboldt County in Northern California, the “Hupa Mountain” sprawls over 10,000 acres of forestlands. Since 2018, this land has been an integral part of New Forests’ portfolio in the United States, dedicated to the sustainable management of forestry and ongoing conservation efforts.

The land borders the western boundary of the Hupa tribe’s reservation – a native American tribe of the Athabaskan-speaking ethnolinguistic group in Northern California. When the Hoopa Valley Indian Reservation was created in 1864, the Hupa people lost access to more than two-thirds of their ancestral lands, including this area.

The land area includes headwaters of Pine Creek, which flows into the Klamath River and is a spawning stream for sacred salmon. The land also provides gathering sites for food and basketry materials, along with a variety of wildlife and plant species that are of significant importance in the Hoopa Tribe’s culture.

Key Initiative

In 2022, New Forests initiated the process of selling the land on behalf of its investor.  The Hoopa Valley Tribal leaders worked closely with The Conservation Fund, a US nonprofit organization with a dual charter to pursue environmental preservation and economic development, to secure the necessary public land and private funding to finalize the purchase.

New Forests led negotiations with the Tribe and worked closely with Tribal leaders to structure the transaction so that funding could be secured prior to settlement, freeing the Tribe from any post-closing financial liabilities.

In late 2023, New Forests settled the sale to the Hoopa Valley Tribe that represented the permanent return of this important and historic 10,300 acres of unceded ancestral lands.

Impact

The return of the territory via this settlement constitutes the Tribe’s largest reacquisition of land since the Hoopa Valley Indian Reservation was established in 1864. As a result, the tribes’ ancestral land holdings have increased by more than 10%.  The Hoopa Valley Tribe plans to enhance and restore habitat for species of concern on the property, including listed salmonids, Northern Spotted Owl, Pacific Fisher and Roosevelt Elk.

In addition, New Forests, during its ownership developed a carbon project through the California Air Resources Board (CARB) that incentivizes the forest managers to successfully allow the forest to sequester carbon dioxide, while providing related co-benefits.

Jeff Briggs, Managing Director, North America, New Forests, said:

“This landmark settlement is synonymous with our approach of seeking to deliver lasting impact for local communities, support carbon sequestration and deliver for our investors.”

Delivering on Sustainable Development Goals

New Forests Advisory Pty Limited (ACN 114 545 274) is registered with the Australian Securities and Investments Commission and is the holder of AFSL No 301556 which authorises it and its authorised representatives New Forests Asset Management Pty Limited (ACN 114 545 283), (AFS Representative Number 376306), and New Agriculture Pty Limited (ACN 658 097 020) (AFS Representative Number 001298119) to provide general advice to wholesale clients into investments managed by New Forests. New Forests Inc is registered as an investment adviser under the Investment Advisers Act of 1940, as amended (the “Advisers Act”). Registration with the SEC does not imply any specific or certain level of skill or training. New Forests Asia (Singapore) Pte Ltd holds a Capital Markets Services Licence (CMS 100950) as an Accredited/Institutional Licenced Fund Management Company (A/I LFMC), issued by the Monetary Authority of Singapore.

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