Conservation purchase
The Nature Conservancy and the Conservation Group have purchased more than 200,000 acres of forest land from International Paper for $300 million. The properties are all located in the South.
International Paper is thinking about selling off all of its more than six million acres of forest land, igniting concerns that a land grab by developers would lead to more destruction of forests and wildlife habitat. 200,000 acres is a tiny fraction of the land that could be up for grabs, but it's a good start.