When it comes to environmental matters, regulators, industry groups, businesses and entrepreneurs need not work at cross purposes. The rapid development of ecosystem service markets — such as wetland and species banking and water-quality trading — are a clear demonstration that parties often perceived as being in conflict can work together to achieve real conservation results.
Troutman Sanders has a deep understanding of how these markets work. Through our national experience and leadership, including spearheading the National Water Quality Trading Alliance and other leading-edge market consortiums, we are uniquely positioned to assist clients on all aspects of developing and working within effective market frameworks.
We have been particularly active in water-quality trading and offsets, conservation banks, and wetland and stream mitigation banks. We have been involved in a range of unique trading initiatives around the country, including trades within the Long Island Sound, a proposed trading framework for the Savannah Harbor, trading and offset projects within the Appalachian coalfields, and trading rules and policies in the Pacific Northwest, Iowa, Michigan, Virginia and Wisconsin. We have assisted clients on the establishment and sale of stream and wetland and species credits throughout the United States and have advocated on behalf of these clients on various policy matters effecting the mitigation banking industry before state legislatures and regulators and the U.S Army Corps of Engineers.