Frontera Energy Joins WEF’s ‘One Trillion Trees’ Initiative to Fight Deforestation

Frontera Energy Corporation (TSX: FEC) has joined the One Trillion Trees movement to support this ongoing effort by the World Economic Forum (WEF) to conserve, restore, and grow one trillion trees by 2030.

Specifically, the Toronto-based oil and gas company, which operates oilfields in Colombia, Ecuador and Guyana, said in a statement that it has pledged to preserve and restore 2,500 hectares of biological corridors in “environmentally strategic areas” of influence by 2027. This will protect or grow the equivalent to approximately 2.6 million trees, according to Frontera Energy.

“We are dedicated to implementing actions that promote environmental sustainability, including reforestation, and contributing to a positive climate change solution,” said Orlando Cabrales Segovia, CEO of Frontera Energy. “We are proud to join this global movement as environmentally conscious stewards in our operations.”

The initiative, which was launched by the WEF in Davos, Switzerland, in January 2020, estimates that only half of the six trillion trees that once covered the planet now remain and an additional 15 billion trees are lost each year.

“Trees and forests are a crucial part of the solution to the climate crisis and biodiversity collapse,” said Nicole Schwab, director of 1t.org and nature-based solutions at the WEF. “That’s why companies, civil society and governments must continue to work together for the conservation and restoration of our forests.”