VC veterans form public lands climate group

Coal plant Florida
The Big Bend coal fired power plant is located on Florida's West Coast. Photo: Andrew Lichtenstein/Corbis via Getty Images

Green-focused venture capital players have formed the Business Coalition for Conservation and Climate aimed at curbing emissions from public lands where the White House is seeking to widen fossil fuel development.

Why it matters: They hope to create a government-focused equivalent to what's already a robust network of sustainability and investor activists — groups like Ceres and the Task Force on Climate-related Financial Disclosures — that have long pushed private companies for more openness about climate risk.