As gridlock persists in addressing our nation’s critical infrastructure challenges – America’s roads, bridges and railways – a similar, yet vastly underreported set of challenges exist with our natural infrastructure: namely, the loss of our large privately-owned working forests.
Terra Silva, a new $90 million fund of funds, will help eight to 10 investment fund managers prove that sustainable tropical forests are a profitable bet for commercial investors.
BP Ventures has invested $5 million in Finite Resources, parent company of Finite Carbon, which is a U.S.-based forest carbon management firm. The investment will enable Finite Carbon to launch voluntary carbon offset programs for businesses for sustainable forest management.
The Conservation Fund has a goal of conserving 5 million acres of at-risk forests in the next 15 years. They’ve announced the closing of unique 10-year green bonds totaling $150 million.
The Conservation Fund announced the closing of a first-of-its-kind offer of ten-year green bonds totaling $150 million. Proceeds from the bonds will be used to increase the scale of the Fund's "Working Forest Fund®," dedicated to mitigating climate change, strengthening rural economies and protecting natural ecosystems through the permanent conservation of at-risk working forests.
At a time of rising climate activism, The Conservation Fund (TCF) — partnering with Goldman Sachs — tapped the capital markets with an inaugural debt issuance to scale its mission: to protect 1 million acres of America’s privately held working forests. We sat down with TCF’s CEO and CFO Larry Selzer and John Gilbert, respectively, and Goldman Sachs’ Kyung-Ah Park and Ritu Kalra to talk about the conservation sector’s evolving approach to sustainable growth and the role of capital markets.
In September, The Conservation Fund announced the closing of its $150 million green bond. The environmental nonprofit offered the 10-year notes in order to expand its Working Forest Fund. CFN spoke to Conservation Fund CEO Larry Selzer about how the organization will use bond funds, the experience of offering a bond as a nonprofit, and the significance of the project for the conservation finance field.
State officials will consider a proposal to protect these forests by steering billions of dollars to countries such as Brazil. The money would fund government efforts to fight deforestation and promote sustainable industries that don’t involve chopping down and burning trees.
The Conservation Fund (TCF) announced today that it is commencing an offering of taxable Green Bonds of approximately $100 to $150 million. The Bonds will be issued by TCF and Sustainable Conservation, Inc., a wholly-owned subsidiary as co-issuer. Proceeds from the offering will be used primarily to increase the scale of its "Working Forest Fund" conservation initiative, dedicated to mitigating climate change, strengthening rural economies and protecting natural ecosystems by the permanent conservation of at-risk forest landscapes.
Weyerhaeuser Company today announced an agreement to sell its 555,000 acres of Michigan timberlands to Lyme Great Lakes Holding LLC, an affiliate of The Lyme Timber Company LP, for $300 million in cash. "This transaction in our Northern region encompasses a diverse mix of hardwood and softwood acres and is part of our ongoing effort to strategically optimize our timberlands portfolio," said Devin W. Stockfish, president and chief executive officer of Weyerhaeuser.
