An agreement, in principle, has been reached which seeks to ensure that the nearly 100-year relationship between the livestock industry and El Paso Corporation continues far into the future. While details of the agreement are still being finalized, it establishes a $15 million endowment with the mission to protect, enhance and preserve the public lands grazing industry. The agreement is between El Paso Corporation and the Public Lands Council, the National Cattlemen's Beef Association, the American Sheep Industry Association and the Association of National Grasslands.
Skye Krebs, President of the Public Lands Council, says the industry will benefit from this endowment for many years to come. While the principal amount will not be used, the endowment's earnings will go toward meeting the Council's mission to serve the public lands livestock industry. Specific projects may include scientific research, education, range monitoring, fire restoration, media and community outreach for the benefit of the public lands grazing industry.
The groups were concerned with the potential impacts of Ruby Pipeline's recent settlement agreement with the Western Watersheds Project and the Oregon Natural Desert Association. Krebs adds they are satisfied that this endowment provides a tool for mitigating many of their concerns.