A new, deeper understanding of how the breeding structure of species affects their genetic diversity is giving conservationists better tools for saving animals. In March 2018 at the Ol Pejeta Conservancy in Kenya, surrounded by his devoted keepers, Sudan the northern white rhino breathed his last. He wasn’t the only remaining northern white rhino because three females in protective captivity survived him.
But Sudan’s death ended any hope of those females breeding naturally and rendered the northern white rhino effectively extinct. The moment made headlines, and the world lamented the high-profile extinction. But it wasn’t a true species extinction event. Northern white rhinos are just a distinct subset, or subspecies, of white rhino. More than 10,000 white rhinos are still left in the southern subspecies. White rhinos as a species aren’t even endangered.
Nevertheless, ever since Sudan’s death, Cynthia Steiner, an associate director in conservation genetics for the San Diego Zoo Wildlife Alliance, and her colleagues have gone to great lengths to try to reboot the northern subspecies. They’re working to turn stem cells collected from the remaining females into embryos for in vitro fertilization. They want more northern white rhinos, and mixing in genes from southern white rhino males just won’t do.
“Before, people would say, we need to save the species,” Steiner explained. “But that’s not enough if you think about it. When you talk about species, you’re not considering the whole evolutionary potential of all the different groups that make up that species. That’s why the new notion is: We really want to save the genetic structure of the species, these different populations — subspecies — that have unique characteristics at the genomic level.”
In recent years, biologists have developed a deeper understanding of how the relationship between genetic diversity and population structure can influence the fate of a species. They’ve long understood how geography and ecological variations often partition species into subspecies or other small distinct populations of individuals who are more closely related to one another than to outsiders.
Now, with the help of better tools and techniques for studying the genomes of creatures in the wild, researchers are discovering the full extent of how much the genetic dynamics within and among those populations can affect how resiliently a species can evolve and adapt to changing conditions over time………..
In the U.S., you could have blinked and missed a momentous announcement that impacts our ability to safeguard and improve our planet. I noticed that news coverage of the COP15 on biodiversity in Montreal was significantly less than that of the COP21 agreement on climate held in Paris in 2015. Nor did it receive the fanfare or celebrity endorsement. But, it is an important step forward in ensuring our planet continues to be a diverse ecosystem.
Biodiversity is paramount for the functioning of our planet, and the business case should suggest that focusing on biodiversity is as important as reigning in our carbon emissions: “Degrading ecosystems could trigger a downward spiral of US$2.7 trillion in global Gross Domestic Product by 2030.” Failures in biodiversity costs the global economy more than $5 trillion a year in the form of lost natural services.
The World Economic Forum in collaboration with PwC found that “$44 trillion of economic value generation—more than half of the world’s total GDP—is moderately or highly dependent on nature and its services and is therefore exposed to nature loss.”
There are 23 environmental targets stipulated under the COP15 agenda. Of these, the most recognized target is known as the “30 by 30” conservation target (paywall). This name comes from the mandate that by 2030, governments will ensure and enable 30% of the planet is under protection.
This will be accomplished through the creation of protected areas and other known measures for area-based conservation. Currently, approximately 17% of land and roughly 8% of the oceans are protected. Additionally, the deal would roughly double overall financing focused on biodiversity protection to $200 billion a year from all sources.
But, all together, I think businesses can do more. Conservation is a powerful component in maintaining our biodiversity. As of 2019, one study found nearly 30,000 species were at risk of extinction, while another found that nearly 1 million species were at risk of extinction. A healthy planet, one with a fully functioning diverse ecosystem, requires we also determine how to recover those lost species.
It’s important for companies to plan for and align on the need to support biodiversity. Through new technologies, we can improve species resiliency and grow species capacity. Some companies like mine are even working on bringing back species that are needed for health ecosystems. These steps will allow us to create more hospitable spaces for species.
In the next five years, I think we will see scientists actively recovering species and protecting species from diseases, creating more extreme weather-resistant species.
More and more companies are joining in efforts to support the environment. But, other businesses also have the opportunity to get involved with efforts to support biodiversity efforts.
1. Identify your full environmental impact.
First, start with understanding the impacts of your organization on the full environment, not just your carbon emissions. Emissions are one aspect of climate change, but they paint an incomplete picture. I suggest business leaders also undertake a material assessment to understand the material impacts and dependencies of their organizations. Science Based Targets Network offers a guide that companies can utilize.
2. Evaluate business risks and opportunities related to nature and biodiversity.
This evaluation can lead to actions that help businesses understand the loss of biodiversity on your financial and business outcomes. One tool that organizations can utilize is the framework from the Taskforce on Nature-related Financial Disclosures (TNFD), which can be used to evaluate and manage nature-related risks.
3. Set goals and raise awareness around your goals.
Measure and set targets for land use, freshwater use and ecosystem integrity. Again, there are useful tools available for companies attempting to measure and set biodiversity targets. And then, commit publicly to those goals to reduce waste and prioritize the protection of the planet as a core aspect of business. This could include signing corporate pledges.
4. Consider nature-based solutions.
New companies and legacy companies can consider the concept of “nature-based solutions,” which originate with the idea that companies can restore nature, mitigate and adapt to climate change, while also supporting the lifestyles and interests of local people. In doing so businesses can transform to restore and regenerate landscapes.
Stopping climate change and protecting plants and animals are and should be recognized as linked goals. Reducing carbon emissions is vital. Recovering species is too.
This is all possible, but requires technology investment and ideological alignment. Protecting biodiversity is more than just conserving what we have; it’s planning a pathway to a better tomorrow.
New Zealand’s glaciers are becoming “smaller and more skeletal” due to the effects of climate change and scientists predict many could disappear within a decade.
An annual end-of-summer survey that records the snowline of more than 50 South Island glaciers has revealed continued loss of snow and ice.
Every year, the National Institute of Water and Atmospheric Research (Niwa), the Victoria University of Wellington and the conservation department gather thousands of aerial photographs of the glaciers to measure the altitude of the snowline and see how much of the previous winter’s snow has remained covering each glacier.
That snowline, also known as the equilibrium line altitude (ELA), allows scientists to evaluate the glacier’s health. If the glacier size has decreased, then the line will be higher, because less winter snow remains.
“We were expecting the snowlines to be high because of the warm weather we’ve had and sadly, our instincts were confirmed,” said Dr Andrew Lorrey, a principal scientist at Niwa.
New Zealand’s glaciers had lost mass most years over the past decade, said Dr Lauren Vargo from Victoria University. “But what was more striking to me is how much smaller and more skeletal so many of the glaciers are becoming.”
The country is experiencing more frequent temperature extremes, four to five times more extreme than would be expected in a climate with no long-term warming, Niwa reported in January, while 2021 was New Zealand’s hottest year on record.
Last week, Antarctica recorded temperatures more than 40C warmer than seasonal norms. Gregor Macara, a Niwa climate scientist, said this year’s survey showed a noticeable difference from the previous years.
“The snowline elevations this year were high, meaning much of the winter snows had melted, leaving a lot of glacial ice exposed. It appears to be yet another poor year for our ice, continuing the trend from recent years, and it is disheartening to see the ongoing decline.”
The long-term aerial survey began in 1977, giving a visual timeline of how much glaciers have retreated. Since the survey began, the global climate has warmed by about 1.1C and Niwa estimates that more than a third of the ice volume has been lost from the Southern Alps.
“What we’re seeing is a clear retreat, which is no doubt thanks to climate change. In a decade, we predict that many of our beloved and important glaciers will be gone,” Lorrey said.
The ramifications are significant. Glaciers are an important store of fresh water, their seasonal melt into rivers supporting irrigation of farmland and hydropower schemes, and acting as a buffer against drought. The disappearing ice also contributes to rising sea levels.
“This will have far reaching impacts, such as altering our beautiful landscape, affecting the livelihoods of people who rely on these natural wonders for tourism, and flow on effects from decreased meltwater during periods of drought,” Lorrey said.
“It also emphasises the urgency of slowing climate change because the impacts are going to become increasingly costly and hard to avoid.”
The nation’s second-largest reservoir, Lake Powell, is continuing to dry up, placing water supplies and power generation in the West in potentially dire straits.
Lake Powell is an artificial lake in the middle of the Colorado River on the border between Arizona and Utah. Created in 1963 after the construction of the Glen Canyon Dam, the lake has become a critical source of hydropower and water for the West.
Now, for the first time, the water levels at the lake are threatening to dip below 3,525 feet in elevation, a critical elevation marker, with water levels dropping a full 45 feet in the past year.A boat cruises along Lake Powell near Page, Ariz., on July 31, 2021. (AP Photo/Rick Bowmer, File)
The critical elevation provides 35 feet of buffer before we reach our minimum power pool elevation where Glen Canyon Dam can no longer generate hydropower, ” said Heather Patno, a hydrologic engineer for the U.S. Bureau of Reclamation.
Levels are expected to be below the target elevation for a few weeks before rebounding in April due to snowmelt from mountains along the Colorado River Basin. Hydropower generation is not expected to be affected this spring, but it is possible that the reservoir’s level will dip to critically low levels again in the summer.
“We’re talking about multiple seasons of well-below-average rain and snow that have kind of gotten us to this point, coupled with exceptionally high temperatures which we attribute to regional warming from global warming, ” said Justin Mankin, an assistant geography professor at Dartmouth College and a co-lead at NOAA’s drought task force.
Water conservation measures will likely need to be implemented, something that Mankin says will hit farmers in the West first. As drought conditions continue to build, farmers may be asked to limit their water usage, something which makes growing crops more difficult.
“These are unprecedented times, and these decisions are not taken lightly, and we’re aware of the impacts it has to the Colorado Basin, where there’s 40 million people within the basin,” Patno said.
While water cuts might be necessary to sustain the water supply this year, Mankin believes that the continued drought in the West indicates that more structural solutions might be needed in the future.
A current look at drought conditions in the Western United States as of March 10, 2022.
One peer-reviewed study published recently in the journal NatureClimate Change found that the western United States and parts of northern Mexico are experiencing their driest period in at least 1,200 years, with some calling the unprecedented period of dryness a “megadrought.”
“This drought is indicating we need a structural orientation of our management of water in the West,” Mankin said. “What does it mean for the West to be in an exceptional drought, that is, a drought without exception, every year?”
Drought contingency plans define the 3,525-foot mark as a significant “target elevation” for the reservoir, under which the situation becomes dire. As of Thursday, Lake Powell had fallen to just over 3,526 feet in elevation, which is just over 24% of capacity and less than two feet away from the critical level.
“We’re kind of in some uncharted territory, socially and economically,” Justin Mankin, assistant professor of geography at Dartmouth College and co-lead of the National Oceanic and Atmospheric Administration’s Drought Task Force, told CNN. “It’s totally within reason to expect that the next couple of weeks or so for [Lake Powell] to fall below the critical level.”
Lake Powell’s plunging water level threatens Glen Canyon Dam’s capacity to produce hydropower, much like Lake Mead and Hoover Dam. Glen Canyon Dam provides power for many states including Wyoming, Utah, Colorado, New Mexico, Arizona, Nevada, and Nebraska.
The 3,525-foot target is crucial because it allows a 35-foot buffer for emergency response to prevent Lake Powell from dropping below the minimum pool elevation of 3,490 feet above sea level, the lowest at which Glen Canyon Dam is able to generate hydropower.
Lake Powell and nearby Lake Mead, the nation’s largest reservoir, have drained at an alarming rate in the last year. In August, the federal government declared a water shortage on the Colorado River for the first time after Lake Mead’s water level plunged to unprecedented lows, triggering mandatory water consumption cuts for states in the Southwest which began in January.
The significance of the dwindling supply in the two reservoirs, fed by the Colorado River watershed, cannot be overstated. Water flowing down the Colorado River fills both Powell and Mead, which are part of a river system supplying more than 40 million people living across seven Western states and Mexico. Both reservoirs provide a critical supply of drinking water and irrigation for many across the region, including rural farms, ranches and native communities.
Jack Fisher has raised hundreds of millions of dollars pitching investors on real estate development projects that were never built. Fisher, an accountant-turned-developer, promoted projects such as the Preserve at Venice Harbor, near Hilton Head, S.C., where marketing illustrations showed houses on canals that evoked the famous Italian city. Instead of developing the land, he recruited investors to elaborate deals that provided them charitable tax deductions in return for donating easements for conservation.
The Internal Revenue Service, however, suspects the deals may amount to tax fraud. Fisher is at the center of a criminal probe related to these syndicated conservation easements, according to people familiar with the details, who requested anonymity to discuss a confidential matter. The investigation has already led to tax conspiracy charges against three accountants who worked with him.
A syndicated conservation easement gives dozens of investors in partnerships three choices: to build a specific development project; to hold on to the land and build later; or to donate an easement to a land trust or government, promising to forgo development. The third option entitles investors to charitable tax deductions, based on the appraised value of the land, that can be worth four or five times their investment.
Easements have been used—legitimately, and mostly by family partnerships and individuals like farmers—for decades as part of a federal push to preserve more than 30 million acres of land. Those aren’t the focus of an IRS crackdown. Instead, it’s going after promoters like Fisher who sell deals through brokers, accountants, lawyers, and tax preparers, and who market the projects that generate large tax deductions. The IRS has made these an enforcement priority, suing some promoters to shut them down and criminally investigating others.
California conservation lawyer Misti Schmidt says a typical syndicated easement used by wealthy investors is an “ugly tax-shelter scheme” that relies on grossly overvalued appraisals. “There’s so much money to be made, they just keep doing it,” says Schmidt, a partner at Conservation Partners.
Those appraisals are at the center of the legal fight around syndicated easements. Before an easement donation is made, an appraiser assigns it a value based on its highest and best use. That number is then used to calculate the tax deductions. The IRS often argues that those appraisals vastly inflate the development potential of a property, and that promoters use those valuations to market lucrative tax deductions.
Two of Fisher’s associates, the brothers Stein and Corey Agee, pleaded guilty in December to conspiring to promote fraudulent tax breaks and are cooperating with prosecutors. Although Fisher wasn’t charged or named in the Agee cases, he’s referred to as Promoter A in court documents, the people familiar with the details say. Documents reviewed by Bloomberg confirm Fisher’s role in the deals. Lawyers for Fisher didn’t respond to emails and phone calls seeking comment.
In the Stein Agee case, prosecutors say the deals were “illegal tax shelters that allowed taxpayers to buy tax deductions,” according to the charges. Appraisals were “falsely inflated,” while the conservation option was “always a foregone conclusion.” Many investors signed up after the tax year in which easements were donated, prosecutors say, even though the IRS allows deductions only in the same year a donation is made. Promoter A and others had investors backdate checks and agreements, according to the charges.
“Promoter A’s tax shelters resulted in a massive evasion of taxes,” the charges state. In all, more than 1,500 investors received $1.2 billion in fraudulent tax deductions, prosecutors said. At one point, Promoter A told Stein Agee that he met with several co-conspirators to make sure they were on the “same page” about late investments, according to the charges. Promoter A proposed that Agee could falsely suggest that backdated checks weren’t deposited because they were “lost” on someone’s desk. Lawyers for the Agees declined to comment.
Nationwide, the IRS has challenged $21 billion in tax deductions claimed for syndicated easements from 2016 to 2018, saying it’s auditing 28,000 taxpayers. Former President Donald Trump has donated several easements, including two under scrutiny by New York state authorities.
“The IRS fully supports the benefit of legitimate conservation easements around this country,” IRS Commissioner Charles Rettig told Congress in March. “It has done tremendous things for farmers and others. Our problem is with the abusive syndicated easements.”
The IRS crackdown comes amid a battle in Congress that pits conservation groups and national appraisal organizations against promoters of syndicated easements. Conservation groups want legislation that would bar investors from claiming deductions worth more than two and a half times their initial investment. Promoters have been blocking that fix for years.
“The IRS’s current take-no-prisoners litigation strategy is also going after minor technical flaws that arise in all easements, not just syndications,” says Schmidt, the conservation lawyer. “Legitimate easements are now getting disallowed.”
Fisher, who’s in his late 60s, grew up on a small-town farm in Marshall, N.C., and still speaks in a soft Southern drawl. The son of a truck driver and homemaker, he graduated with a degree in accounting from nearby Mars Hill College in 1974 before joining the IRS. Fisher then became a certified public accountant, worked for Price Waterhouse, and joined a firm that moved him to Atlanta to work with the National Football League’s Falcons.
Later, he took a job at an accounting firm with the Agee brothers’ father, Edward Agee. “I got a lot of good experience,” Fisher testified at a trial after a real estate broker sued him, claiming the developer owed him a commission. Fisher said he met people who “could refer you to business: bankers and things like that.”
He got into development by auditing construction companies, and later began assembling his own investment deals, founding Preserve Communities about two decades ago.
Fisher was adept at raising money, says Anthony Antonino, a real estate consultant who helped with the sale of 800 acres in North Carolina for $14.75 million to entities controlled by Fisher and a wealthy investor. “Jack knows where the money’s at, and he knows how to get it,” Antonino says.
Some of Fisher’s wealthy investors were involved in equestrian events, say people familiar with the matter. His family owned a 40-acre show stable in Alpharetta, Ga., according to a 2013 story in the Atlanta Journal-Constitution. His then-wife, Libba, and two of their children won several titles competing in elite hunter and jumper events, according to records maintained by the U.S. Equestrian Federation.
He was a hands-on developer, says Mark Brooks, a civil engineer who helped Fisher build projects. “He was out there walking the roads and figuring out site lots,” Brooks says. “He was real proud when he did the developments. He felt he was doing things to help out Madison County, which was a pretty poor county.”
He also branched out to the Western U.S., buying a 1,088-acre ranch near Reno, Nev. In late 2018 a Georgia corporation Fisher formed donated an easement covering 812 acres to the North American Land Trust. Investors got $51.2 million in deductions, according to court filings. They put up $10 million, his partner told planners in Nevada’s Washoe County.
Months later, Fisher pursued permission to develop 38 homes on land not covered by the easement. He showed up at a rural advisory board meeting in July 2019 wearing a cowboy hat and flanked by ranch hands, according to a resident. When pressed, Fisher backed down.
“We have no plans to do anything with that property other than to make it part of the ranch,” Fisher said at the recorded meeting. In the face of stated opposition by planners, he withdrew his application.
The Agee brothers, whose father died in 2009, helped promote some of Fisher’s deals. At the proposed Preserve at Venice Harbor development, $179.8 million in tax deductions were claimed by the 390 investors who chose a conservation easement instead of building homes, court documents show. That was more than four times what they put in.
By 2018, less than two years after the IRS began targeting syndicated easements as tax shelters, Fisher was under investigation, the people with knowledge of the matter say. “You have to be very, very careful that these look like real estate investments as compared to, you know, basically a tax shelter,” Promoter A told an agent posing as an investor, according to the charges against Stein Agee.
Fisher continued to work with the Agees through last year, the people say. In November, Promoter A left a handwritten note for Stein Agee saying he’d been “cleaning up the books,” the charges state. About the same time, a video was uploaded to the Preserve Communities Vimeo account.
Fisher talks about his career while viewers see images of forests, mountains, and rivers, and of Fisher himself sitting on a deck, and then feeding a horse. “I hope the people who live in our communities gain a greater connection to nature, to slow down in life, to realize what’s really important,” he says. “We only have so many years here on the planet, and feeling good about what you’ve done with your life.”
— With assistance by Kaustuv Basu, Neil Weinberg, and Elise Young