Start-up Blue Forest secures funding for first privately financed forest fire bond

Los Angeles Times

In a remote corner of the Sierra Nevada, amid 8,000-foot peaks and deep river gorges, a financial experiment is about to begin. Once this winter’s snow melts, workers will cut down small trees and burn off undergrowth across 5,000 acres of the Tahoe National Forest. But those workers won’t be paid by the U.S. Forest Service or any other public agency that typically funds forestry projects. Instead, the roughly $4 million will come from two foundations, an investment firm and an insurance company — which hope to make money on the deal.