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International Paper (NYSE: IP) and The Nature Conservancy today announced a historic agreement that will conserve the forested character of the Adirondack Park, protect important ecological resources, create significant new outdoor recreation opportunities, and maintain the economic benefits of the region's working forest.
Specifically, the Conservancy is purchasing three parcels: 1) the 9,926-acre "Round Lake" tract that is directly adjacent to New York State's Whitney Canoe Area; 2) the 15,536-acre Shingle Shanty Pond tract; and 3) a 1,100 acre tract that encompasses two large undeveloped lakes -- Bog Lake and Clear Pond, that will link New York's existing Lows Lake/Bog River Flow and Lake Lila public canoe areas.
During the coming months, The Nature Conservancy will work with New York State in a planning process and seek to convey carefully designed tracts for inclusion in the Adirondack Forest Preserve, while also assuring that a significant portion of these lands remain available as private commercial working forest, subject to conservation easements. As part of this strategy, The Nature Conservancy may retain ownership and manage a portion of these lands.
For a copy of the full news release, please visit http://www.internationalpaper.com.
International Paper is the world's largest paper and forest products company. Businesses include paper, packaging, and forest products. As on of the largest private forest landowners in the world, the company manages its forests under the principles of the Sustainable Forestry Initiative (SFIsm) program, a system that ensures the perpetual growing and harvesting of trees while protecting wildlife, plants, soil, air, and water quality. Headquartered in the United States, International Paper has operations in nearly 50 countries, employs more than 117,000 people and exports its products to more than 130 countries.
Founded in New York State fifty years ago, The Nature Conservancy (http://www.tnc.org) protects plants, animals, and ecosystems by preserving the lands and waters they need to survive. The world's largest private conservation organization, The Nature Conservancy works n partnership with the Adirondack Land Trust to conserve lands important to both the ecological diversity and quality of life of the Adirondack region, including farmland and working forest. SOURCE International Paper and The Nature Conservancy.
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