On July 24, 2023. the Baker Hughes Foundation announced two small regenerative grants focused on coastal restoration in the United States: a $100,000 grant to the National Coastal Resilience Fund, and a $50,000 grant to the Coalition to Restore Coastal Louisiana.
The National Coastal Resilience Fund is a program led by the National Fish and Wildlife Foundation to support the implementation of nature-based solutions to enhance the resilience of coastal communities and ecosystems.
The Coalition to Restore Coastal Louisiana (CRCL) works at the state, local and federal levels to restore and protect coastal Louisiana.
Coastal communities and ecosystems are under threat from rising sea levels, more intense storms and changing rainfall patterns, causing dramatic impacts on the nation’s energy interests.
Wetlands along the coastline provide many important ecological services.
Established in 2018, the National Coastal Resilience Fund invests in conservation projects that restore or expand natural features that minimize the impacts of storms and other naturally occurring events on nearby undeserved communities.
Recognizing that Louisiana’s coastal land loss will have dramatic impacts on the nation’s energy, navigation and fisheries interests, CRCL works to ensure that Louisiana has a thriving, sustainable coast for all.The foundation was created by Baker Hughes, a global energy technology company focused primarily on serving oil and gas operations. The company is headquartered in Houston, and is one of the world’s largest oil field services firms, operating in over 120 countries.
They have research and manufacturing facilities in Australia, Singapore, Malaysia, India, Dubai, Saudi Arabia, Italy, Germany, Norway, Oklahoma, Louisiana and Missouri. Baker Hughes provides products and services for oil well drilling, formation evaluation, completion, production, and reservoir consulting.
Both donations support Baker Hughes‘ stated commitment to advancing the United Nations‘ Sustainable Development Goals (SDGs) – specifically SDG 13 to take urgent action to combat climate change and its impacts.
With over 1000 employees in Louisiana and 12,000 employees in U.S. territories, this grant also aligns with the Baker Hughes Foundation’s mission of supporting the communities where we conduct business.
“Healthy marine and coastal ecosystems are an important aspect of biodiversity and climate change. We aim to champion strong environmental stewardship by protecting these natural resources,” said Allyson Book, chief sustainability officer at Baker Hughes.
“Our donations to the National Coastal Resilience Fund and the Coalition to Restore Coastal Louisiana is one way we make progress on our biodiversity goals and demonstrate our commitment to the United Nation’s sustainable development goals,” she explained.
“This generous donation will help CRCL do more to restore Louisiana’s disappearing coastal wetlands,” said Kim Reyher, executive director of the Coalition to Restore Coastal Louisiana.
“We face daunting challenges associated with climate change in South Louisiana. We are grateful to work with companies like Baker Hughes that understand the importance of investing in communities,” she concluded.
The Baker Hughes Foundation says that, for 25 years, they have “sought to advance environmental quality, education, health, safety, and wellness around the world by supporting organizations with shared values, demonstrated leadership, evidence of impact, financial soundness, and the capacity to implement initiatives and evaluate their success.”
The Baker Hughes Foundation makes strategic philanthropic contributions, matches Baker Hughes employee contributions, and awards volunteer recognition grants for outstanding employee community service.
Featured photo courtesy of General Electric, which briefly owned Baker Hughes from 2017 – 2020.