- Chariton Hills Conservation Bank
We've established the 1,300-acre Chariton Hills Conservation Bank in northern Missouri, the first conservation bank approved by the U.S. Fish and Wildlife Service for the protection of the northern long-eared bat. The bats inhabit caves and forests of the eastern and midwestern U.S. and have been federally listed as endangered for nearly five decades. The bank provides mitigation for unavoidable development impacts in the region.
Conservation banks are set up to preserve, enhance and permanently protect specific habitats for endangered species, expressly for the purpose of providing compensatory mitigation in advance of unavoidable impacts to critical habitat. These sites help to consolidate small, fragmented sensitive species compensation projects into large, contiguous preserves, which have much higher wildlife habitat values for endangered species. They also help development projects offset their unavoidable impacts with a solution guaranteed to be protected in perpetuity.
The Indiana bat hibernates in caves or abandoned mines. In the summer months, it roosts in tree cavities or beneath the loose bark of live, dead or dying trees. Foraging sites include riparian areas, upland forests, ponds and fields. Experience conducting bat surveys has resulted in our bat biologists becoming internationally recognized specialists with close relationships to the scientific community and regulatory agencies. Our team routinely conducts bat habitat assessments, acoustic surveys and netting/radio tracking surveys for large-scale projects.
The conservation bank credits eliminate many of the timing and permitting uncertainties associated with developing smaller, individual conservation projects. Credit purchasers get a cost-effective solution from our economies of scale, and they benefit from the reduction of permit and staff time and the severance of liability associated with future performance.