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Ballard Spahr LLP issue the following announcement on July 15.
Ballard Spahr attorneys served as counsel on a transaction to provide strategic capital to a nonprofit organization that will restore a marshland ecosystem in Louisiana.
For the project, Heritage Sustainability Investments, LLC, a subsidiary of The Heritage Group and affiliate of Heritage Environmental Services, LLC, and ClimeCo joined together to provide strategic capital to the nonprofit, Restore the Earth Foundation, Inc., to provide for the native trees and planting for reforestation of 4,000 acres of the Pointe-aux-Chenes Wildlife Management Area. The capital will be used for the planting of native Bald Cypress seedlings in freshwater marsh areas at the Point-aux-Chenes preserve, located south of New Orleans. In addition to the sequestration of CO2, the project will reduce flood and storm risk to local communities by creating a first line of defense in the form of healthy forest ecosystems and restoring
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Heritage Sustainability Investments and ClimeCo provide capital to Restore the Earth Foundation
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Heritage Sustainability Investments and ClimeCo provide capital to Restore the Earth Foundation
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