Author: briteweb

Fred C. Danforth, who co-founded the largest private equity firm in the United States devoted to land and stream restoration, died at his home in Mattapoisett, MA on Thursday. He was 65; the cause was gall bladder cancer, as reported by his wife, Carlene Larsson. After graduating from Yale in 1973, Fred’s career in finance … Continued

Following on the Presidential Memorandum from November 3, 2015, private sector environmental investment firms including Ecosystem Investment Partners met at the White House this past Monday to announce $2 billion in new investments.  EIP provides a leading example of for-profit investment in conservation and restoration that addresses public objectives and requirements by making efficient use of … Continued

A link to a recent article by Thomas Jensen, Sandra A. Snodgrass and Bailey K. Schreiber of Holland & Hart, LLP, entitled “The Presidential Memorandum and Interior Department policy on mitigation: their content and implications”, can be found here. This article reviews the content of these important new policy documents that govern the fundamental approach towards … Continued

This afternoon at a Goldman Sachs conference on Environmental Finance in New York, the Obama administration released a Presidential Memorandum (PM) on the subject of ‘Mitigating Impacts on Natural Resources from Development and Encouraging Related Private Investment.’  This PM represents a major moment in American environmental policy because it establishes goals and mandates for all … Continued

Following on the approval of EIP’s Lake Superior Mitigation Bank last month, a groundbreaking ceremony was held at the 23,461 acre site yesterday.  Huge ‘marsh buggies’ – essentially backhoes on top of floating caterpillar treads that support weight without damaging the fragile peat soils – worked in the background as dignitaries gathered to celebrate the start of … Continued

EIP’s Lake Superior Mitigation Bank obtained final approval from the St. Paul District of the US Army Corps of Engineers and the other federal and state members of the Inter-Agency Review Team today.  According to EIP Director of Operations Dave Urban, both Leslie Day of the Corps and Ken Powell of the Minnesota Department of … Continued

On June 29th, Colonel Leon Parrot, the District Commander of the US Army Corps Huntington District joined Chad Story from the office of U.S. Congressman Evan Jenkins, Britanny Vascik from the office of West Virginia Governor Earl Ray Tomblin, and the Director of the state Department of Natural Resources Bob Fala for a groundbreaking ceremony … Continued

A new peer-reviewed article was published by the journal PLOS ONE that describes the results of the first ever national survey of jobs and economic activity associated with ecological restoration.   At a time when jobs are a top priority for decision makers in Washington, DC and state capitals across the country, conservation, mitigation banking, and … Continued

Ecosystem Investment Partners received word today that the Mitigation Banking Instrument for its Old Florida Mitigation Bank has been approved the U.S. Army Corps and the other federal and state members of the Interagency Review Team (IRT).  According to EIP Director of Operations Dave Urban, “This approval was completed in a very professional and timely manner by … Continued