Who gains from saving nature
Ledger 1 : 33 — For each dollar financing nature-based solutions in 2023, about $33 financed activities harmful to nature. (UNEP)
Actors / NGO · United States

The Nature Conservancy

Appears in 22 cases in this database. Roles as given in the documented record.

CaseRoleCountryPeriodInstrument
Belize blue bondLender (via subsidiary)Belize2021–2041Debt-for-nature swap
BP Deepwater Horizon: the spill, the court cases and the recovery claimsRecipient of BP fundingUnited States2010–2031Oil spill
Coral reef parametric insurance, Quintana RooCo-designer of the cover; author of the July 2026 case studyMexico2018–2026Insurance, liability and compensation funds
Biomas restoration initiativeNature NGO; director Sérgio Rial was chairman of Santander Brasil when it co-founded BiomasBrazil2022Carbon credits
El Salvador debt-for-nature swapNot named for this transaction; a JPMorgan executive sits on its boardEl Salvador2024–2025Debt-for-nature swap
Nature Conservancy gas drilling on Texas City Prairie PreserveLandowner and drillerUnited States1995–2014Protected area / relocation
Sengwer evictions from Embobut forest and the EU Water Towers programme (Kenya)Water fund overlapping EmbobutKenya2014–2024Protected area / relocation
Gabon debt-for-nature swapSponsor of the projectGabon2023Debt-for-nature swap
TNC Hawaii coral reef parametric insurancePolicyholderUnited States2022–2026Insurance, liability and compensation funds
Bahamas debt-for-nature swapConservation organisation involved in the transactionBahamas2024Debt-for-nature swap
Palau National Marine SanctuaryDonor group member; former employer of the Agriculture Minister; Micronesia director named in the billPalau2015Protected area / relocation
Bezos Earth Fund: first grants and SBTi fundingRecipient of $100m (first round)United States2020–2026Carbon credits
Barbados debt-for-nature swapGuarantor (US$50m)Barbados2022Debt-for-nature swap
Mosaic settles US hazardous-waste case over phosphogypsum handlingConservation organisation listing Mosaic as a corporate partnerUnited States2015Waste management
Pará state pre-sold 12 million REDD+ credits; federal prosecutors sue to cancelNamed by the MPF as having a conflict of interestBrazil2023–2026Carbon credits
Bloomberg, Steyer and Bezos money shapes coal and nature campaignsEnvironmental group that received Bezos Earth Fund moneyUnited States2008–2026Oil, gas and coal operations
Seychelles 2016 debt-for-nature swap listed among TNC Nature BondsRuns the Nature Bonds programme that lists the Seychelles pilotSeychelles2016Debt-for-nature swap
Kenyan water-tower forest evictions followed a 2018 killing by forest guardsreported water fund operatorKenya2016–2024Protected area / relocation
US Senate probes Nature Conservancy land sales to its own trusteesOrganisation whose land sales were the subject of the inquiryUnited States2003Protected area / relocation
TNC chief scientist urged conservation groups to partner with companiesEmployer of Kareiva; Dow Chemical partner; subject of the essayUnited States2011–2015Tanker / shipping
Nature Conservancy began $10 million partnership with Dow Chemical in 2011conservation group; cooperation partnerUnited States2007–2021Tanker / shipping
Bolivian carbon scheme claimed 55 million tonnes; review found at most 5.8 millionconservation group; set up the scheme with BPBolivia1997–2010Carbon credits
US International Development Finance Corporation ×3Inter-American Development Bank ×3Credit Suisse (now UBS) ×2BP ×2US Department of Justice ×2US Environmental Protection Agency ×2Munich Re ×2Swiss Re ×2Hannover Re ×2European Union ×2Kenya Forest Service ×2Bezos Earth Fund ×2Dow Chemical ×2WWF ×2The Coca-Cola Company ×2Government of BelizeAlectaTransoceanHalliburtonAnadarko PetroleumMOEX (Mitsui Oil Exploration)Cameron InternationalWeatherfordJupiter Insurance Ltd (BP captive)Ranger InsuranceLloyd's of LondonChubb Global MarketsHouston CasualtyDeepwater Horizon Natural Resource Damage Assessment TrusteesNational Fish and Wildlife FoundationUS Securities and Exchange CommissionU.S. PIRGNOAAAfirme SegurosGrupo Financiero BanorteQuintana Roo state governmentCoastal Zone Management Trust (Quintana Roo)BiomasValeItaú UnibancoMarfrigRabobankSantander (Brasil)SuzanoJPMorgan ChaseCAF (development bank of Latin America and the Caribbean)Mobil OilRussell Sage FoundationGovernment of KenyaWorld BankMinority Rights GroupForest Peoples ProgrammeUN special rapporteursBank of AmericaGovernment of GabonGabon Blue ConservationWTW (Willis Towers Watson)Standard CharteredAXA XLGovernment of PalauScience Based Targets initiativeWorld Resources InstituteCIBC FirstCaribbeanThe Mosaic CompanyGovernment of ParáFederal Public Prosecutors' Office (MPF), ParáLEAF CoalitionAmazonBayerH&MWalmart FoundationBloomberg PhilanthropiesSierra ClubWyss FoundationClimateWorks FoundationConservation InternationalFederal Election CommissionGlobal Environment FacilityUnited States SenateUCLA Institute of the Environment and Sustainability

Places and local terms

Conservancy (Kenya)
In Kenya, land managed by a community or private owners for wildlife alongside grazing, often with outside partners.

Carbon and conservation finance

Carbon credit
A certificate representing one tonne of carbon dioxide (or equivalent) that a project says it reduced, avoided or removed. Buyers use credits to balance their own emissions in climate claims.
Debt-for-nature swap
A deal in which a government's debt is bought back or refinanced at a discount, and part of the savings is committed to conservation.

Bonds and banking

Guarantee
A commitment by a third party, often a development bank, to pay if the borrower does not.