Word: xstrata
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Dates: during 2000-2009
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...Xstrata money is paying for the creation of a second wombat colony some 435 miles (700 km) to the south, and later this year wildlife officials plan to relocate some wombats to seed a new population as an insurance policy against a catastrophic fire or other calamity at Epping...
That would be BHP Billiton, mate, an Xstrata rival. In fact, Geoff Clare, an executive director of Queensland's Environmental Protection Agency, had mining in mind because the industry had raked in record profits thanks to Australia's commodity boom. Some green sheen wouldn't hurt the industry...
...February 2008, Queensland's top environmental officials walked into the Australian headquarters of Xstrata and made the pitch. For Xstrata Coal CEO Peter Freyberg, investing an initial $3 million in the wombat was a no-brainer. "There's obviously benefit in terms of the way people perceive Xstrata," says Freyberg...
...Xstrata is not just writing a check. Freyberg says the company will play a hands-on role in the relocation project. "The wombat is massively endangered," he says. "Without our intervention, this animal would be at serious risk." In November, Freyberg made the trek to Epping, where he had his own close encounter with a northern hairy-nose late one night...
...list of imperiled animals grows and other funding falls. "Potentially, it can do a lot of good," he says, "as long as there are no strings attached." Australia's Treasury Secretary, Ken Henry, spent a month with the hairy-noses as an Epping caretaker. "It's absolutely terrific what Xstrata has done," says Henry, an ardent conservationist. "There's opportunities for other corporates to get involved with other species." Memo to Tasmanian devil: Are you getting this...