Reply #32: What do you call investment bankers who donate to Rainforest Preservation

[kerrygoddess]

PHILANTHROPISTS:

Goldman Sach's has dontated to Kerry and Dean. They are on the "top 10" list. Seems that they do a lot of good for the world and the environment. Perhaps their interest in Kerry is because of his work for the Environment!
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Goldman Sachs to Create Nature Reserve in South Chile
December 15, 2003
SANTIAGO, Chile - Investment bank Goldman Sachs said last week it would create a nature reserve in Tierra del Fuego in southern Chile in a stretch of rare forest acquired from a U.S. forestry company which had planned to harvest the timber.

Goldman Sachs obtained the land after purchasing defaulted bonds of the U.S.-based real estate and forestry firm Trillium Corporation.
The bank decided over the last week to transfer the land to its charitable fund which will work with conservation organizations in 2004 to manage the reserve...The 680,000 acres of lenga forest, which is similar to beech, is on Tierra del Fuego island, which Chile shares with Argentina. Lenga is found only in southern Chile and Argentina and is considered of significant ecological importance.


Rose said Goldman Sachs would set up a Chilean foundation and choose an environmental organization to manage the reserve by the end of 2004. "This is essentially a gift to the Chilean people," Rose said.
Environmentalists celebrated another victory in Chile this week when the government agreed to create a nature reserve out of a huge tract of land in southern Chile owned by millionaire U.S. businessman Douglas Tompkins.

http://www.ran.org/news/newsitem.php?id=861&area=home