A subsidiary of Baton Rouge-based Resource Environmental Solutions has won federal approval for a new 187.5-acre wetland mitigation bank just outside of Alexandria.
The Pecan Bayou Mitigation Bank will restore a bottomland hardwood wetland. Resource Environmental plans to sell credits in the mitigation bank to projects that affect wetlands including commercial and residential projects in the Lafayette area; pipelines; exploration and production associated with the Tuscaloosa Marine Shale; and central Louisiana manufacturing projects.
“Projects are promptly permitted when using ecological offsets provided by RES’ mitigation banks,” Resource Envrionmental Chief Executive Officer Elliot Bouillion said in a news release.
The company’s mitigation banks relieve clients of worries about the liability for repairing wetlands or regulatory issues when projects unavoidably affect wetlands, he said.
Through RES’ mitigation solutions, permittee clients can remain focused on their core business and have no worries about mitigation liability or regulatory exposure from mitigation of unavoidable impacts. Resource Environmental Solutions is a leader in development and supply of project offsets throughout Louisiana, and nationwide,” Bouillion said.
The new mitigation bank’s improvements will include restoring the forest habitat, which will benefit neotropical migrant birds and the Louisiana black bear, whose population is considered threatened.