NFWF Announces $3 Million Grants for Aquatic Habitat Restoration
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy SO?
Source: Newsfilter
- Funding Announcement: The National Fish and Wildlife Foundation (NFWF) has announced $3 million in grants to restore aquatic habitats across Alabama, Florida, Georgia, Mississippi, and Tennessee, leveraging an additional $1.9 million in matching contributions for a total conservation impact of $4.9 million, significantly enhancing local freshwater species habitats.
- Conservation Strategies: The grants will employ various conservation strategies through the Southeast Aquatics Fund, aimed at improving water quality, increasing water quantity, and enhancing connectivity for fish, thereby supporting endangered species like the trispot darter and Alabama rainbow mussel while promoting ecological restoration.
- Partnership Development: NFWF is advancing a unique partnership with the U.S. Forest Service and state foresters from Alabama, Florida, and Mississippi, utilizing RESTORE Council funding to improve Gulf water quality through sustainable forest management practices, ensuring ecosystem health and resilience.
- Long-term Impact: By implementing voluntary conservation practices across over 240,000 acres, including rotational grazing, fence installation, and forest management, the initiative is expected to enhance instream habitat conditions and support various aquatic species sensitive to nutrient and sediment levels, ensuring water quality and ecological balance for future generations.
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Analyst Views on SO
Wall Street analysts forecast SO stock price to fall
17 Analyst Rating
4 Buy
11 Hold
2 Sell
Hold
Current: 92.560
Low
45.00
Averages
92.34
High
109.00
Current: 92.560
Low
45.00
Averages
92.34
High
109.00
About SO
The Southern Company is an energy provider. The Company owns three traditional electric operating companies, Southern Power Company and Southern Company Gas. The traditional electric operating companies-Alabama Power, Georgia Power and Mississippi Power-are operating public utility companies providing electric service to retail customers in three Southeastern states in addition to wholesale customers in the Southeast. The Southern Power Company develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects, and sells electricity at market-based rates in the wholesale market. The Southern Company Gas is an energy services holding company whose primary business is the distribution of natural gas in four states - Illinois, Georgia, Virginia, and Tennessee, through the natural gas distribution utilities. Southern Company Gas is also involved in several other businesses that are complementary to the distribution of natural gas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Conservation Strategies: The grants will employ various conservation strategies through the Southeast Aquatics Fund, aimed at improving water quality, increasing water quantity, and enhancing connectivity for fish, thereby supporting endangered species like the trispot darter and Alabama rainbow mussel while promoting ecological restoration.
- Partnership Development: NFWF is advancing a unique partnership with the U.S. Forest Service and state foresters from Alabama, Florida, and Mississippi, utilizing RESTORE Council funding to improve Gulf water quality through sustainable forest management practices, ensuring ecosystem health and resilience.
- Long-term Impact: By implementing voluntary conservation practices across over 240,000 acres, including rotational grazing, fence installation, and forest management, the initiative is expected to enhance instream habitat conditions and support various aquatic species sensitive to nutrient and sediment levels, ensuring water quality and ecological balance for future generations.
See More
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- Diverse Conservation Strategies: The eight funded projects will employ various conservation strategies aimed at restoring and enhancing extraordinarily biodiverse freshwater habitats, improving water quality and quantity, thereby supporting imperiled aquatic species such as the trispot darter and Alabama rainbow mussel.
- Ecological Partnerships: NFWF has established a unique partnership with the U.S. Forest Service and state foresters from Alabama, Florida, and Mississippi, utilizing RESTORE Council funding to improve water quality in the Gulf through sustainable forest management practices.
- Long-term Conservation Commitment: Launched in 2017, the Southeast Aquatics Fund has awarded a total of $22.2 million to 69 conservation projects, demonstrating NFWF's long-term commitment to promoting watershed restoration and management, ensuring the sustainability of freshwater species for future generations.
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