Sustainability Conservation Firm Launched by Kyle Bass and Terry Anderson
Kyle Bass and Terry Anderson launched Conservation Equity Management, LP – a sustainability and conservation firm. Conservation Equity will buy large parcels of land in Texas. They are searching in other states nearby too.
They plan to protect ecosystems while raising their value. Plus, they will use the land they buy to create environmental credits.
How do environmental credits work?
Environmental credits are just like carbon credits. A company invests in an environmental project to offset its carbon emissions with carbon credits.
So, one carbon credit equals one metric ton of carbon. Pretty simple.
But environmental credits are a bit different.
Environmental credits restore wetland, water, and habitat resources. They also reduce air pollution.
So, they are not just focused on carbon.
However, Conservation Equity wants to do all the above.
They plan to mitigate wetland, stream, and endangered species habitat destruction. Plus, they want to generate sustainable income as well.
“There is a substantial opportunity to acquire larger timberland and rangeland parcels as ESG solutions to carbon capture, utilization or storage (CCUS), biodiversity offsets, and as hedges to inflation risk,” said Anderson, Principal.
Environmental credits and sustainability and conservation.
“As more companies and people move to Texas and other pro-business, low-tax states, there will be devastating environmental consequences, forcing firms to consider their physical environmental impacts, carbon footprints, and mitigation options,” said Bass, CEO.
So, environmental projects will be needed to promote sustainability and conservation efforts. Hence the need for environmental credits.
Bass continued, “This is the right moment for Conservation Equity.”
To date, Conservation Equity has successfully completed two transactions. One is in Cameron County, TX. The other is in Cherokee County, TX.
Per Bass, “The Bahia Grande and Cherokee Ridge properties are both outstanding opportunities to create value by employing various levels of conservation and mitigation strategies.”
The post Sustainability Conservation Firm Launched by Kyle Bass and Terry Anderson appeared first on Carbon Credits.