Historic conservation opportunity
for visionary people
that will make a difference
The Bering River coalfields story goes back to President Theodore Roosevelt and the father of the US Forest Service, Gifford Pinchot, and a battle between them and the Guggenheim-Morgan industrial syndicate at the turn of the 20th century.
The Bering River coal tract – the 12,000-acres now owned by the Korean Alaska Development Corporation (KADCO), is desirable because it has a high-grade bituminous coal subsurface resource that is aggressively sought after by Asian countries for fuel. The principal owner, Dr. Joo Shin, is a willing seller and has become essentially a conservationist, much to the consternation of his shareholders.
• The Bering River KADCO tract asking price is $15.8M.
• All parties have stated this opportunity MUST be ensured for success during this current Obama administration.
• The Department of Agriculture (USDA) and US Forest Service have indicated they will cover the majority of the price in the name of conservation.
• The UDSA has demanded creative financing and wants at least one-third in private funds. The US Forest Service as recently as last week stated that cannot move forward unless there is a private funding component.
• A quote from from USDA Secretary Vilsack to Theodore Roosevelt IV: “Second, in these challenging economic times, we must devise a solution to this issue that leverages public and private funding, together with a multi-year process by which landowners might obtain surplus property to receive compensation for their ownership interest, aligns with the need for creative solutions that leverage private contributions with public funds”
• In light of this, we have allied with The Pinchot Institute for Conservation and have a trust account for holding the private funding. This account has a binding legal caveat of funding protection. All funding will be safe with strict oversight until the transfer or there will be a refund.
• Regarding the surrounding landowner, the Chugach Alaska Corporation (CAC), which is an Alaskan Native corporation that was formed by the Alaska Native Claims Settlement Act (1971). This region, along with the Bering River KADCO tract represents the only private surface and subsurface inholdings in a magnificent region that supports the rare wild Copper River salmon runs.
• Within the last three months, CAC has put forth a prospectus and is willing to sell both their surrounding surface and subsurface inholdings. This area is rich in coal and timber, so the opportunity for conservation has greatly increased. We now have the opportunity for a world-class comprehensive jobs, wild salmon, ecosystem, eco-tourism and “keep carbon in the ground” opportunity.
• The KADCO tract must be settled first, during this administration. It will set the value and the stage for one of the most important and largest conservation opportunities in the United States.
This is an opportunity investment in forever, and the time is now.
Personal presentations can be arranged. Note that any of our Bering Coal team, including Theodore Roosevelt IV, Jane Goodall, Gifford Pinchot III or Dune Lankard, may be contacted for endorsement and discussion.
Campaign Partners sound off:
"We believe that a historic conservation outcome can be achieved through the acquisition of the Bering River coal field and the protection of the truly extraordinary fish and wildlife habitat resources on which so many in the region depend for their livelihoods . . .”
- Gifford Pinchot, III and Peter Pinchot
"I am adding my voice to the many others who seek the conservation of the Copper River, Bering River, [and] Martin River watersheds in Alaska. This would be achieved through acquiring and conserving the Bering River coal field, the mining of which would severely and adversely impact the fish and wildlife habitat of that region, as well as the livelihoods directly dependent on such habitat with its biological resources in an unimpaired state.”
- Dr. Jane Goodall
“This opportunity to act in the public interest will soon be gone…The timing on this is now critical.“
- Theodore Roosevelt, IV