Tribal Business News: Seneca Environmental’s deal with Pinterest opens new market for tribal energy certificates
A tribally owned enterprise has broken new ground in the renewable energy market, paving the way for other Native enterprises to compete in the growing global offset sector.
Seneca Environmental, owned by the Seneca Nation, has sold renewable energy certificates (RECs) to San Francisco-based Pinterest, Inc., a social media platform for visual content sharing. Terms were not disclosed, though Seneca Environmental said in a statement the RECs were sold across 15 countries. The sale is the first of its kind between a tribal entity and a major corporation.
“The tribal energy sector is still pretty nascent, even though people have been working on these for 30 years or more,” Seneca Environment Vice President Matt Rennert told Tribal Business News. “We want to be additive in that space and get things started. One of the biggest challenges is capacity and expertise in energy, and we have created that capacity internally to be able to do that side of the business.”
