Investing in Natural Ecosystems and Waterways
Streams and wetlands are a critical part of our Appalachian ecosystems, and as a landowner, CNX has the responsibility to steward these resources for future generations. We have teamed with Ecosystem Investment Partners (EIP), a top-tier mitigation banking expert, to provide high quality stream and wetland mitigation banking credits to a host of Pennsylvania industries.
By leveraging mitigation banking experience and existing assets, EIP and CNX aim to provide high-quality stream and wetland mitigation credits to enable the responsible development of Pennsylvania industries while creating lasting environmental benefits.
One such project is the Blacksville Mitigation Bank. Through close coordination with regulatory authorities, the engineering, design, construction and implementation of the Blacksville project elevates Appalachian mitigation banking to a higher standard.
Blacksville Mitigation Bank
Utilizing existing CNX surface property that was previously part of a longwall mining operation, CNX and EIP created a 160-acre conservation area for purposes of stream and wetland rehabilitation. The Blacksville project is located in PA subbasin 19 (Monongahela River Basin), with potential to service credit needs in Washington, Greene, Fayette, Allegheny, Westmoreland, Somerset, Indiana, Armstrong and Cambria counties. CNX also used portions of the subject property to collect coalmine methane gas from the legacy mine workings.
The project design involves a floodplain restoration approach, which achieves the highest standards of site longevity and effectiveness. As of July 2024, all permits are approved and rehabilitation work will commence in the spring of 2025. Credits are currently available for sale.
Snapshot of BV planting plan
Additional Stream & Wetland Credit Creation
With the entry of an Energy company into the stream/wetland credit creation market, the partnership and project represents a change in the typical course of mitigation bank development in PA, enabling high-quality credits for fair prices.
Beyond the initial Blacksville mitigation project, CNX is actively pursuing the development of additional mitigation banks that are accreditive to existing CNX assets.
Contact
For those interested in credits, click here.