"Wells Fargo Invests $1.9 Million in Ecotrust Forests LLC to Protect Forestland in Washington State"
Wells Fargo Press Release
"Wells Fargo & Company (NYSE: WFC) and Ecotrust Forests LLC announce Wells Fargo's $1.9 million investment to support the purchase of 3,243 acres of Olympic Peninsula forestland in the Sooes River watershed. The investment is part of Wells Fargo's recently announced Ten-Point Environmental Commitment which will direct $1 billion to environmental business opportunities and equity investments.
'We want to be a leader in this important area of corporate citizenship and investing in our communities,' said Patrick Yalung, regional president for Wells Fargo in Washington. 'Our partnership with Ecotrust provides Wells Fargo with an important opportunity to help conserve the pristine geography in the Olympic Peninsula.' "