Latter of which are nearly always nameless. There might be any number of reasons. Some groups may want to stop development. Others may want to force consumption of natural gas for desalinization sweetened with carbon taxes...
Without a money trail, there's just no way to know what the deal is.
Cadiz Signs “Green Compact” with Natural Heritage Institute
May 14, 2009 09:00 AM Eastern Daylight TimeBroad-based Agreement on Land Preservation, Clean Energy, and Restoration of Aquatic Ecosystems
LOS ANGELES--(BUSINESS WIRE)--Today Cadiz Inc. (NASDAQ:CDZI) and the Natural Heritage Institute (NHI) announced a wide-ranging “Green Compact” designed to ensure the sustainable management of the largest privately owned portion of the Mojave Desert. Founded in 1989, NHI is a leading global environmental organization dedicated to restoring and protecting water-dependent ecosystems.
Under a Memorandum of Understanding (MOU) between Cadiz and NHI, the company will pursue a series of model environmental initiatives, including the permanent preservation of its lands, dedication of a portion for solar power development, stringent plans for groundwater management and habitat conservation, and the creation of a water bank that will be used in part to restore one or more endangered aquatic ecosystems in California and the Colorado River basin.
“This agreement reflects our clear vision for Cadiz’s future as a green company,” said Cadiz General Counsel Scott Slater. “We are in the business of sustainable resource management, and we believe our growth must occur in partnership with the environment.”
“We see the Green Compact as a potential model for how the private sector and the environmental community can work together to achieve environmental betterment,” said NHI President Greg Thomas. “This agreement will potentially yield a variety of significant environmental benefits, from wild land preservation to clean energy to the restoration of threatened water systems. Our mutual goal is not just to avoid environmental harm but to actually provide a net environmental improvement.”
To ensure that the Compact’s Stewardship Principles are followed, the MOU assigns NHI the role of auditing Cadiz’s performance. NHI will also have a consultative role in developing a set of land-management standards applicable to the design, planning, construction, and operation of Cadiz projects. Provisions include:
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