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EN
Wetlands protections built an industry for mitigation banking. Rollbacks could erode it.
['Cassandra Stephenson', 'Tennessee Lookout', 'Delaney Dryfoos', 'The Lens']
The Lens
“We will see a decrease in demand for credits if aquatic resources are deregulated.”Those concerns aren’t shared by everyone in mitigation banking.
William Coleman’s California-based ecological consulting firm Eco-Asset Solutions and Innovations does much of its business in states that have active wetlands mitigation banking programs.
The West Tennessee Wetlands Mitigation Bank has sold credits to Amazon to offset a new delivery center in Fayette County.
Some of the mitigation banking industry’s biggest customers are state transportation departments and the oil and gas industry—roadways and pipelines often have less flexibility to build elsewhere.
“Anything that takes place that causes an economic downturn, that causes people to retrench and postpone their development plans … that’s the risk to the mitigation industry,” Woodley said.
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'mitigation'
'built'
'tennessee'
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'environmental'
'credits'
'industry'
'protections'
'ensafe'
'rollbacks'
'banking'
'erode'
'wetlands']