REPORT: Conservation project buys huge tracts of coalfields forest

ABCNews.GO.com:

The nonprofit Nature Conservancy announced Monday it has partnered with private investors to acquire over a quarter-million acres (101,000 hectares) of forest land in the coalfields of Tennessee, Kentucky and Virginia.

The group said its new Cumberland Forest Project is designed to not only protect the land but also to make money through sustainable forestry, carbon offsets, recreational leases and the eventual sale of the properties. It’s a model that allows conservation at a scale impossible through philanthropy alone, officials said.

The article goes on to state the following:

“The Cumberland Forest Project deploys private capital as a powerful tool to achieve large scale conservation,” Tom Tierney, chair of the board of directors at The Nature Conservancy, said in a statement. “What’s more, we think this will prove that sustainably managing natural assets can be good business and deliver big benefits to wildlife, water quality and the local economy.”

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