Investing in a better future

Tuesday, June 24, 2008

Booting US Sugar from the Everglades

Governor CristFlorida Governor Charlie Crist could be turning his constituents into sugar barons. And he's about to set the stage for the Everglades to come back from the dead.

At a news conference Tuesday morning near the imperiled "River of Grass", Governor Crist announced a $1.75 billion deal to buy the U.S. Sugar Corporation, including 187,000 acres of farmland that once sat in the northern Everglades. If the deal goes through, it will extinguish a powerful 77-year-old company with 1,700 employees and deep roots in South Florida's coal-black organic soil. It will also resurrect and reconfigure a moribund 8-year-old Everglades replumbing effort that is supposed to be the most ambitious ecosystem restoration project in the history of the planet.

Thank you Governor Crist!!!


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