On Tuesday, April 11, NEBA Board Member Michael Sprague led a meeting with high-ranking officials from the office of Secretary of the Interior Ryan Zinke in Washington, D.C. The 45-minute meeting was extremely productive and included discussions of the importance of high mitigation standards and the need for a level playing field for species bankers and others committing private investment for conservation.
Sprague shared the latest NEBA whitepaper
with the DOI officials, discussing specific challenges for bankers with programs that may not offer real durability or equivalency in their mitigation efforts.
The NEBA Board of Directors has begun work on a new whitepaper in response to suggestions from Interior and intends to hold follow-up meetings with the Department over the next several months.
The mitigation banking industry is at a pivotal moment. Regulatory shifts, evolving interpretations of the 2008 Mitigation Rule, and increasing pressure from alternative mitigation programs are reshaping the landscape. In this environment, a unified voice is not just beneficial—it’s essential. That’s where membership in the National Environmental Banking Association (NEBA) makes a difference. NEBA represents mitigation bankers, environmental
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According to US Army Corps of Engineers (USACE) data, there are more than 8 million Advance Mitigation Credits sitting on the ledgers of the many dozens of In-Lieu Fee (ILF) Programs across the United States today, nearly all of which are exempt from any financial assurance that the mitigation projects will actually be performed. According to
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