Barrick Bank Enabling Agreement
Thursday, December 3rd, 2020Mitigation Bank will improve the Nevada Ranchlands in favor of a larger chicken with sage, give security to the businesses of UNLV law professor Bret Birdsong, the field course has led students to important natural resource management concepts and implementation as sage fishing barricks. The BEA is a voluntary agreement between Barrick and the U.S. Department of the Interior to mitigate the loss of sage chicken habitat through operations. Secretary Jewell added, “Through landscape environmental protection efforts, conservation banks, credit grants, conservation facilitation and conservation assistance programs, we are advancing partnership efforts that are redefining how we achieve our conservation goals in the western United States.” I know first-hand Barrick`s innovative work in s mitigation of sage chickens,” Birdsong says. “When the BEA was developed, I helped negotiate the agreement on behalf of the Bureau of Land Management and Fish and Wildlife Service. I would like my students to have examples of complex legal issues on the ground, which under the basis of complex conservation initiatives such as the BEA to sage,” Birdsong said. In addition to mining gold, Barrick owns several ranches in Nevada. Over the past 25 years, the company has completed a number of projects to improve the habitat of these ranches, supporting kites, native fish and other species. The Nature Conservancy`s forecasting tool is applied to 582,000 hectares of Barrick-managed ranch land in Nevada.
The agreement creates the conditions for greater investment in the preservation of a larger living space for sage chicken, but it does not alter or exempt Barrick from the existing laws and regulations that govern its mining activities and its responsibility for environmental protection. The agreement between the U.S. Fish and Wildlife Service, the Bureau of Land Management and Barrick creates a conservation bank that allows the mining company to collect credits for successful mitigation projects that protect and improve sage chicken habitat on the company`s private ranches in Nevada. As a result, Barrick is confident that the credits can be used to offset the housing impact of the company`s future mine expansion project on the public domain. “Not only does the BEA promise scientific conservation, but it also presents a strategy for contracting parties to manage legal risks.