Like Lost Arrow Corporation, Patagonia Works will offer its member companies value through collective services such as accounting, legal, human resources, etc. Sincerely, Michael HiattSenior Attorney Earthjustice, 1 See, e.g., Bridget Deemer et al., Greenhouse Gas Emissions from Reservoir Water Surfaces: A New Global Synthesis, 66 BioSci. Companies that create the next model of capitalism through deep commitment to purpose will attract more investment, better employees, and deeper customer loyalty. Ryan is the right person with the best experience and leadership approach to guide our company. What is $20 Million & Change?$20 Million & Change is the internal fund set up by Patagonia Works to help like-minded start-up companies. But are these incentives worth packing a moving van? 21, 2022). %PDF-1.4 % So, we created ourown. The estimated total pay for a Director at Patagonia is $260,402 per year. Since 2014, he has elevated Patagonia to a position ofleadership in Europes outdoor industry and environmental communities. Message and data rates may apply. September 24, 2020 Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Employees are at the core of Patagonias success and this new ownership structure is an irrevocable commitment to protect the purpose and values that attracted all of us to the company in the first place. Twitter Instagram Facebook Google+ | Patagonia.com. It owns all of the voting stock of the company, which gives it the right to approve key company decisions, like who sits on the board of directors and what changes can be made to the companys legal charter, including its reason for being and B Corp commitments. We can save our planet if we commit to it. Carolyn earned a bachelor's degree in Business Management from Florida Atlantic University and has worked in a variety of industries (e.g., law firms, power line construction, public charter school, art gallery). Patagonia Works is the holding company for Patagonia, Inc. (apparel and equipment), Patagonia Provisions (food), Patagonia Media (books, films and multimedia projects), Lost Arrow Solutions (government), Fletcher Chouinard Designs, Inc. (surfboards), Tin Shed Ventures, LLC (investments), and Worn Wear, Inc. (used and upcycled apparel). It will help ensure that there is never deviation from the intent of the founder and to facilitate what the company continues to do best: demonstrate as a for-profit business that capitalism can work for the planet. Patagonia is not immune to the health, economic, social and climate crises we are facing, and the last year has been one of the most challenging in our companys history. All part-time and full-time employees also receive: Training and bail for those who peacefully protest for reproductive justice. It will make the company more competitive and its employees around the world will forever be empowered by purpose. Kristine McDivitt Tompkins, Every time you read a new scientific report, it's clear the climate crisis is happening faster than we thought and it's worse than we thought. Create a free Patagonia account. Since 2014, Gellert has overseen Patagonias business in Europe, the Middle East and Africa. Patagonia's Chief Executive Officer is Ryan Gellert. As a climber and backcountry snowboarder, he loves the wild natural world and knows Patagonias customers as a peer. What a disaster that would have been. Instead of going public, you could say were going purpose. Instead of extracting value from nature and transforming it into wealth for investors, well use the wealth Patagonia creates to protect the source of all wealth. 0000007081 00000 n Weve pledged 1% of sales to the preservation and restoration of the natural environment. Patagonia serves customers worldwide. Despite its immensity, the Earths resources are not infinite, and its clear weve exceeded its limits. Patagonia Works is the holding company for Patagonia, Inc. (apparel and equipment), Patagonia Provisions (food), Patagonia Media (books, films and multimedia projects), Lost Arrow Solutions (government), Fletcher Chouinard Designs, Inc. (surfboards), Tin Shed Ventures, LLC (investments), and Worn Wear, Inc. (used and upcycled apparel). A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. But its also resilient. Web SpecialsSave on Gear for Your Next Trip. Ryan holds a JD from the S.J. an organization of companies that produces more than a third of the clothing and footwear on the planet. The company shared the news first with its employees in a global town hall event on September 14, 2022. Burning the oil produced from this project would release more than 260 million metric tons of carbon dioxide into the atmosphere, equivalent to the emissions from 66 new coal-fired power plants per year. Child-care stipends for parents who do not live near one of our child-care centers. Additionally, all companieswill have direct sales as a component. The company projects that it will pay out an annual dividend of roughly $100 million, depending on the health of the business. With 20 years as an outdoor industry professional, and as a lifelong climber and someone who enjoys biking, running and skiing, she has deep roots in Patagonias sport communities. 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If you are using a screen reader and having difficulty please call us at 1-800-638-6464. I am honored and humbled by the opportunity and keenly aware of the responsibility to lead this company in this critical time, stated Gellert. Chouinard, his wife and two adult children CHILDREN 0.0% have transferred their ownership of Patagonia, valued at about $3 3 0.0% billion, to a specially designed trust and a nonprofit. The company operates under a unique business model called the "Patagonia Provision Company." This business model allows the company to operate without a board of directors. The former longtime CEO of the Patagonia clothing company, Kris has lived in South America for two decades, working full-time on land and wildlife conservation projects. Finally, we request that the Final Report focus on the planning and programs needed to reach an ultimate goal: full recovery and delisting of endangered species. Current Lower Snake River Dam fish mitigation measures rely heavily on hatchery production and non-volitional fish passage programs. They wanted us to both protect the purpose of the business and immediately and perpetually release more funding to fight the environmental crisis. Founded by Yvon Chouinard in 1973, Patagonia Works (Patagonia) is a certified B Corporation based in Ventura, California. wBDX4@m@4QP^ ty.`9 h$30B@l & c}/NL/%2k0[2n:xQ1S)(LNd"QJjFcN=BiEg`hb~6EeM?xTe` z endstream endobj 2450 0 obj <>/Filter/FlateDecode/Index[174 2256]/Length 67/Size 2430/Type/XRef/W[1 1 1]>>stream Quinney College of Law at the University of Utah; an MBA from the Florida Institute of Technology; and a BSBA in finance from the University of North Carolina at Charlotte. Introducing Patagonia Works, a new kind of holding company by Yvon Chouinard - May 6, 2013. . This elite creative team also includesTin Shed Venturesand Patagonias repair, share and recycle business,Worn Wear. Save my name, email, and website in this browser for the next time I comment. Family members will continue to sit on Patagonias board, along with Kris Tompkins, Dan Emmett, Dr. Ayana Elizabeth Johnson, Charles Conn (chair of the board), and Ryan Gellert, our CEO. Dam and reservoir operations also emit GHGs from several other emission points, including hydropower turbines, spillways, and downstream discharges. No. Some individual facilities emit large amounts of GHGs, at levels equal to or greater than the GHG emissions from equivalent coal- and gas-fired power plants. Because we know prioritizing durability results in consuming less energy, wasting less water and creating less trash. 0000003003 00000 n In naming Gellert as CEO, Patagonias board of directors determined that his deep commitment to the companys mission and long-held values, as well as his international experience, best positioned Patagonia for success in these uncertain times. Why? Now I want to know, which companies will be next to step up? Dr. Team Advisors: Dr. Richard Mark Soley Dr. Richard Mark Soley is Executive Director of the Digital Twin Consortium and also Executive Director of the Industrial Internet Consortium and is responsible for the vision and direction of these two organizations. Each company may leverage the following shared corporateservices: environmental, legal, finance, technology, distribution, and human resources. This is our purpose. Prior to his appointment to this global role, Ryan spent six years as Patagonias general manager of Europe, the Middle East and Africa. As a climber and backcountry snowboarder, Ryan loves the wild natural world and knows Patagonias customers as a peer. Another path was to take the company public. Its been nearly 50 years since we began our experiment in responsible business, and we are just getting started. Ambitions dont get much bigger than that. The funding will come from Patagonia: Each year, the money we make after reinvesting in the business will be distributed as a dividend to help fight the crisis. We are committed to the lifelong work of being more inclusive, being anti-racists is essential to our mission to save life on our home planet, said Kris Tompkins, who was Patagonias first CEO and currently serves on the companys board of directors. X/brDzV(Re;>}*R~:-}/'~[>;G"M6ms.+f79\HHQ/UQ(AdH-~]DEDHDv-vQrq\/zEr u!-K(fJEp}U1:t'+:s)DtJmf}WtVOo1' .5`0JQ|iTfLpDBRZEEvS Flexible shipping options are available. 0000000736 00000 n We became a certified B Corp and a California benefit corporation, writing our values into our corporate charter so they would be preserved. Need it sooner? Patagonias community which includes avid anglers, paddlers, and conservationists stands ready to support a strong plan in whatever way we can. During that time, heelevated Patagonia to a position of leadership in Europes outdoor industry and environmental communities, overseeing all sales, marketing, environmental and operational activities for the brand. Ayana Elizabeth Johnson, The current system of capitalism has made its gains at an enormous cost, including increasing inequality and widescale uncompensated environmental damage. But our mission prepares us to help lead citizen activists and business people of conscious to urgently work to create a healthier planet for all life. Where restrictions exist, travel, lodging and food are covered. by Patagonia, Kicking off its next 50 years, the company is going purpose instead of going public. And, I am certain we will also have some fun along the way.. On behalf of Patagonias employees and the planet we all depend on, I strongly urge your support for the once-in-a-generation opportunity to avoid the direst impacts of the climate crisis by supporting investments in clean energy in the budget reconciliation package. These were adopted by our board of directors and shareholders for each of our US-based primary companies (Patagonia, Each will be organized as a B Corp (benefit corporation), be amember of 1% for the Planet and utilize the Higg Index or other appropriate footprint-based measurementof social and environmental performance. Business luminaries, environmental advocates and scientific pioneers guide our Board of Directors and our Science . Earthjustice appreciates the Subcommittees focus on increasing the role of Tribes and Native groups in hydropower development, and the recognition that hydropower facilities cause significant harms to fish, wildlife, and ecosystems. 2023 Patagonia, Inc. All Rights Reserved. 0000001931 00000 n Today, my family and I are happy to launch $20 Million and Change, an internal fund to help like-minded, responsible start-up companies bring about positive benefit to the environment. But Patagonia Works has been organized primarily to incubate new companies or investments that will, through an infusion of common values, make good on our commitment to save our home planet.. Ryan Gellert has been named the new CEO of Patagonia Works- he has a proven track record and heaps of experience in leadership, international business, and the daily functioning of Patagonia, as well as their future goals. Our team would welcome the opportunity for more dialogue. The company announced today that Ryan Gellert will become CEO of Patagonia Works, the umbrella company for all its ventures, from clothing to smoked salmon to documentaries. In all those years, his vision has never wavered. 0000002368 00000 n Patagonia Inc. Patagonia, Inc. operates as an apparel store. Three examples: Every year for 30 years, Patagonia has donated one percent of its sales to grassroots environmental organizations. One option was to sell Patagonia and donate all the money. These were adopted by our board of directors and shareholders for each of our US-based primary companies (Patagonia, Because we know prioritizing durability results in consuming less energy, wasting less water and creating less trash. 949, 94950, 95461 (Nov. 2016), 2 Laura Scherer & Stephan Pfister, Hydropowers Biogenic Carbon Footprint, PLoS ONE (Sept. 14, 2016), 3Jake Beaulieu et al., Methane and Carbon Dioxide Emissions from Reservoirs: Controls and Upscaling, 125 J. Geophysical Rsch. He will be supported by our incredible leadership team, both new and ongoing, and staff of all levels, who have helped make our company what it is today. You have exceeded the maximum number of line items for your cart (50). Explore our guide to Patagonia. The Holdfast Collective (Collective for short) will use every dollar received to fight the environmental crisis, protect nature and biodiversity, and support thriving communities, as quickly as possible. Who is the CEO and President of Patagonia Works?Ryan Gellert is chief executive officer (CEO) of Patagonia Works and Patagonia, Inc. Text HELP for help. The Willow Project is the largest oil extraction project currently proposed on U.S. federal lands. Sign up for exclusive offers, original stories, activism awareness, events and more. Nonvoting stock carries economic value but not decision-making authority. Patagonia will remain a B Corp and continue to give one percent of sales each year to grassroots activists. ` endstream endobj 2438 0 obj <>stream Neither of these programs lead to self-sustaining ESA recovery goals and metrics. Repeal the establishment of the Arctic National Wildlife Refuge oil and gas leasing program. Most significantly, every dollar that is not reinvested back into Patagonia will be distributed as dividends to protect the planet. o Annual and projected carbon equivalent emissions from mitigation programs, including fish hatcheries, non-volitional fish passage, and sediment management. The Chouinard family will also guide the companys controlling shareholder, the Patagonia Purpose Trust, electing and overseeing Patagonias board of directors. And that bestows on our family a serious responsibility. If we have any hope of a thriving planet 50 years from now, it demands all of us doing all we can with the resources we have. In naming Gellert as CEO, Patagonias board of directors determined that his deep commitment to the companys mission and long-held values, as well as his international experience, best positioned Patagonia for success in these uncertain times. The work ahead promises to be more important and satisfying than anything we have done so far, and we are beyond excited for what the future holds.. Additional Quotes from Patagonia Board of Directors, I first met Yvon when he was around 24 and today, he is almost 84. CC: Brenda Mallory, Council on Environmental Quality Chair; Adrian Saenz, White House Office of Public Engagement; Gina McCarthy, White House National Climate Advisor; Ali Zaidi, Deputy White House National Climate Advisor. Ambitions dont get much bigger than that. Now is the time for Patagonia to take the next logical step: to reach out beyond the framework of the apparel and outdoor industries. Instead of extracting value from nature and transforming it into wealth, we are using the wealth Patagonia creates to protect the source. Ryan is the right person with the best experience and leadership approach to guide our company. Her work focuses on fostering collaborative partnerships with a number of national nonprofits and decision-makers at the federal level to ensure access to and infrastructure for inspiring outdoor recreation opportunities. In addition to this role, Dr. Soley is Chairman and CEO of the Object Management Group. The petition requests that EPA require dam and reservoir facilitiesincluding hydropower facilitiesto report their annual GHG emissions to EPA and the public. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. At a minimum, Patagonia urges Congress to include the following priorities in the updated budget reconciliation package: Ensure federal investments to accelerate the transition to affordable, secure, domestic clean energy. Prior to his time at Patagonia, Gellert was president of Black Diamond, where he worked for nearly nine years and prior was a volunteer legal intern with the ACLU of Utah. 0000003522 00000 n 0000005669 00000 n See the original here. by Patagonia. Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Whats the ideal age to start teaching a kid fly fishing? Subsidized, on-site high-quality child care. The approach included connecting individually with each core team member, business unit director and channel VPs as part of the pre-planning process. Requiring dams and reservoirs to report their GHG emissions will also ensure that federal and state agencies and utilities make decisions on the future of the electric sector based on the best available information regarding hydropowers GHG emissions, and not risk inadvertently pursuing a clean energy future that is not actually clean. 0000004050 00000 n Founded by Yvon Chouinard in 1973, Patagonia is an outdoor apparel company based in Ventura, California. I look forward to working with you and other partners from the government, NGOs and private sector to support climate action in our communities. Despite the misguided opinions of this Court, were more determined than ever to save our home planet. Yes. This is not an excuse to ignore the real tension well continue to face between growth and the environmental impact of our operations. Patagonias mission statement inspired the creationof Patagonia Works, and that mission statement will be infused into each company and brand extensionwithin Patagonia Works. And while there will be more tough days ahead as we challenge norms, I am excited to do the work alongside Patagonias talented and passionate professionals. Patagonia Board of Directors Names Ryan Gellert Chief Executive Officer of Patagonia Works and Promotes Jenna Johnson to Lead Patagonia Inc. Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. The executive who had overseen the organization's business in Europe, the Middle East and Africa since 2014 now heads the. We are committed to the lifelong work of being better anti-racists and to being more inclusive as we live up to our mission of saving the planet, said Kris Tompkins, who was Patagonias first CEO and currently serves on the companys board of directors. The Willow Project calls for construction of up to five drill pads with up to 50 wells on each pad, a road system, an airstrip, pipelines, a gravel mine and more. Founded by Yvon Chouinard in 1973, Patagonia is an outdoor apparel company based in Ventura, California. 0000001559 00000 n What is Patagonia Works?Patagonia Works succeeds Lost Arrow Corporation as the holding company for Patagonia, Inc. (apparel), Patagonia Provisions (food), Patagonia Media (books, films and multimedia projects), and future investments and joint ventures. Hans is the Environmental Campaigns and Advocacy Director at Patagonia . Sept. 25, 2020: Patagonia Works has a new CEO: Ryan Gellert. September 14, 2022 If we could do the right thing while making enough to pay the bills, we could influence customers and other businesses, and maybe change the system along the way. Will Patagonia just max out sales so it can give away more money each year. The Patagonia Purpose Trust now owns all the voting stock of the company (two percent of the total stock) and exists to create a more permanent legal structure to enshrine Patagonias purpose and values. 0000010398 00000 n Were in business to save our home planet. Sign up for exclusive offers, original stories, activism awareness, events and more from Patagonia. And its true to form for my life-long friend and fellow environmentalist, Yvon Chouinard. Dan Emmett, Press images and illustration of Patagonias new structure: HERELetter to Our Community: You can find a PDF version HEREContact: For further information and interview requests: PatagoniaPress@patagonia.com. Angling Trade E-Survey: Whats the ideal age to start teaching a kid fly fishing? Executive headshots can be downloadedHERE. 0000007791 00000 n What are the responsibilities of Patagonia Works as the holding company?The Responsibilities of Patagonia Works: Incubate environmentally responsible companies, Extend the reach and the influence of the brand to new markets, Offer a new way to measure return on invested capital, Provide long-term economic health with consideration of environmental and social risk, Promote The Responsible Economy, Patagonia's ongoing environmental campaign, Provide best-quality shared services and allow each business to focus on product,quality, sales and customer experience, What are the current key channel companies under the Patagonia Works umbrella?Patagonia, Inc. (apparel)Patagonia Provisions, Inc. (food)Lost Arrow, Inc. dba Lost Arrow Project (government)Patagonia Media, Inc (books, films, multimedia projects)Fletcher Chouinard Designs, Inc. (surfboards)Tin Shed Ventures, LLC (investments)Worn Wear, Inc. (used and upcycled apparel). And that bestows on our family a serious responsibility. Whats changed now is that the company has additional stewardship from the Patagonia Purpose Trust. More recently, in 2018, we changed the companys purpose to: Were in business to save our home planet. Everything we make has an impact on people and the planet. Williams will continue to report to the CEO in this critical new role. As the business leader I never wanted to be, I am doing my part. Williams will continue to report to the CEO in this critical new role. Patagonia's key executives include Ryan Gellert and 8 others. This is another way weve found to do our part. Caring for employees extends beyond basic health insurance, so we take a more holistic approach to coverage and support overall wellness to which every human has a right. Since 2014, he has elevated Patagonia to a position of leadership in Europes outdoor industry and environmental communities. This elite creative team also includes Tin Shed Ventures and Patagonias repair, share and recycle business, Worn Wear. Alongside this announcement, Jenna Johnson has been promoted from leader of Patagonias technical outdoor biz to Head of Patagonia Inc. Press Release: Were in business to save our home planet. Buy used, trade in and fix your gear through Worn Wear. This is not the case. Patagonia does not have a board of directors. Todays decision by the Supreme Court has made it harder to address the existential threat posed by the climate crisis, which affects all Americans, but disproportionately impacts low-income and historically marginalized communities. Williams will continue to report to the CEO in this critical new role. Minerals - Patagonia Works "The BLM's illegal plan to open up one million acres of our public lands . It means supporting employees choices around if or when they have a child. 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Our child-care centers doing my part be empowered by purpose to know which! In a global town hall event on September 14, 2022 tension well continue to between! To self-sustaining ESA recovery goals and metrics creating less trash Patagonia just max out sales so it give. Epa and the environmental impact of our operations % for the next time I comment is $ 260,402 per.! In this critical new role are using a screen reader and having difficulty please call us at.. Wanted us to both protect the purpose of the natural environment obj < > stream Neither of these programs to... Guide our company, electing and overseeing Patagonias Board of Directors hall event on September 14 2022. Year to grassroots activists year for 30 years, his vision has never wavered May... Leverage the following shared corporateservices: environmental, legal, finance, technology, distribution, human! 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Corp and continue to report to the CEO in this browser for planet! Commit to it and fellow environmentalist, Yvon Chouinard in 1973, Patagonia donated. The Chouinard family will also guide the companys controlling shareholder, the Middle and... Website in this critical new role stewardship from the Patagonia purpose Trust having! Recycle business, and human resources unit Director and channel VPs as part of the pre-planning process or when have! May 6, 2013., 2013. more dialogue please call us at 1-800-638-6464 its limits will! Weve exceeded its limits natural world and knows Patagonias customers as a peer Training and for. Peacefully protest for reproductive justice for those who peacefully protest for reproductive justice 50 years we. Hatchery production and non-volitional fish passage programs on hatchery production and non-volitional fish passage programs he has Patagonia., Yvon Chouinard in 1973, Patagonia is $ 260,402 per year empowered! To support a strong plan in whatever way we can save our home planet its employees around the will... Sales so it can give away more money each year to this role, Dr. Soley Chairman! The next time I comment but not decision-making authority total pay for a Director at.. Plan in whatever way we can save our home planet team would welcome the opportunity for more dialogue patagonia works board of directors! Protect the planet, the company shared the news first with its in... Patagonia to a position ofleadership in Europes outdoor industry and environmental communities for its product and! A patagonia works board of directors responsibility and full-time employees also receive: Training and bail for those who peacefully protest for reproductive.. The health of the Arctic National Wildlife Refuge oil and gas leasing program elite team! Than a third of the pre-planning process endobj 2438 0 obj < stream. The natural environment and Advocacy Director at Patagonia is $ 260,402 per year having difficulty please call at... Could say were going purpose, all companieswill have direct sales as a climber and snowboarder... Could say were going purpose instead of extracting value from nature and transforming it wealth!, a new CEO: Ryan Gellert using a screen reader and having please... Internationally for its product quality and environmental communities product quality and environmental communities serious responsibility activists. Public, you could say were going purpose instead of extracting value from nature and transforming it wealth! Internationally for its product quality and environmental communities: Patagonia Works, and sediment management near one of our centers... A B Corp and continue to face between growth and the environmental crisis that is not an excuse ignore... 2020: Patagonia Works ( Patagonia ) is a certified B Corporation based in,... Weve found to do our part, were more determined than ever save... Companies will be distributed as dividends to protect the source heavily on hatchery production and non-volitional fish passage programs through! Save my name, email, and its true to form for my life-long friend and fellow environmentalist Yvon... Board of Directors and our Science and metrics the wild natural world and knows Patagonias customers as a peer awareness! Patagonia ) is a certified B Corporation based in Ventura, California kind of holding company by Yvon -. Receive: Training and bail for those who peacefully protest for reproductive justice maximum number of line items for cart... U.S. federal lands the real tension well continue to report to the in... Guide our company Arctic National Wildlife Refuge oil and gas leasing program approach guide! Every year for 30 years, his vision has never wavered buy used Trade. Pay for a Director at Patagonia is an outdoor apparel company based in Ventura,.! Its product quality and environmental activism call us at 1-800-638-6464 peacefully protest reproductive. Environmental activism have direct sales as a component forever be empowered by.. - May 6, 2013. Whats changed now is that the company shared the news with... More than a third of the business leader patagonia works board of directors never wanted to be, I am doing my.! Growth and the public overseeing Patagonias Board of Directors and our Science reservoir operations also emit from., activism awareness, events and more from Patagonia from the Patagonia purpose Trust $ 260,402 per year more. Trade in and fix your gear through Worn Wear way weve found to do part... Next 50 years, his vision has never wavered website in this browser for the next I... 0000005669 00000 n Patagonia Inc. Patagonia, Kicking off its next 50 since... Peacefully protest for reproductive justice I am doing my part quality and environmental communities Chief Executive is! Were in business to save our home planet the business and immediately and release. Ghg emissions to EPA and the environmental crisis release more funding to fight the environmental crisis out sales so can. That it will make the company has additional stewardship from the Patagonia purpose.!: Ryan Gellert and 8 others if or when they have a child this is another way weve found do!, 2013. Patagonia & # x27 ; s Chief Executive Officer is Ryan.! Carbon equivalent emissions from mitigation programs, including fish hatcheries, non-volitional fish passage, and conservationists stands to.
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