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nature finance·5 min read

deploying water settlement funds for lasting watershed protection

financial instruments that serve tribal priorities — not the other way around

Tribal nations have been stewards of these lands and waters for millennia. That knowledge, that relationship, that responsibility — none of it needs to be taught or imported.

What's changing is the financial infrastructure available to support those priorities.

Historic water rights settlements are delivering billions of dollars to tribal nations across the West. These funds represent hard-won recognition of rights that should never have been in question. The challenge isn't stewardship knowledge — it's finding investment vehicles that match the permanence of the obligation.

the settlement moment

Recent years have seen unprecedented progress in tribal water rights settlements:

SettlementYearSignificance
NAIWRSA & YANWRSA2024Largest tribal water settlement in U.S. history — Navajo Nation, Hopi Tribe, San Juan Southern Paiute Tribe, Yavapai-Apache Nation
Hualapai Tribe2023$312 million — first settlement enacted under Biden administration
Gila RiverOngoingMulti-billion dollar settlements for water delivery and infrastructure

These settlements provide capital. The question is: how to deploy it in ways that honor the permanence of the relationship to water?

the deployment challenge

Settlement funds often flow toward one-time infrastructure projects — pipelines, treatment plants, storage facilities. These are necessary. But infrastructure alone doesn't address:

GapWhat's Missing
Source protectionInfrastructure delivers water; it doesn't protect where water comes from
Perpetual fundingOne-time construction vs. ongoing stewardship needs
Watershed boundariesWater sources often extend beyond reservation boundaries
Cultural dimensionsFinancial instruments that recognize water's spiritual significance
Intergenerational transferMechanisms that ensure benefits flow to future generations

Tribal nations have the knowledge to address these. What's sometimes missing are financial instruments designed for this purpose.

what ensurance offers

Ensurance is not a solution tribal nations need. It's a set of optional tools that might serve priorities you've already defined.

for source watershed investment

Water delivered through settlement infrastructure originates in watersheds — some on tribal lands, some not. Protecting those source areas requires investment mechanisms that work across boundaries.

  • General ensurance coins can fund watershed protection broadly — supporting ecosystem health across bioregions
  • Specific certificates can tie funding to named places — a specific headwater meadow, a particular riparian corridor, a culturally significant spring

for perpetual stewardship funding

One-time capital is powerful, but ongoing stewardship requires perpetual funding streams.

  • Ensurance certificates generate ongoing proceeds — tradable instruments that create perpetual value flow
  • Agent structures can hold assets and coordinate stewardship over generational timescales
  • Syndicate participation can pool resources across multiple watershed protection efforts

for cross-boundary coordination

Water doesn't respect property lines. Headwaters may be on federal, state, or private land. Downstream users may include other tribes, municipalities, or agricultural districts.

  • Ensurance instruments enable investment in watershed protection regardless of who holds title
  • Multiple parties with shared water interest can coordinate funding through common instruments
  • Tribal nations can participate in or lead watershed coalitions while maintaining sovereignty over their own lands and priorities

what we don't presume to offer

Let's be clear about boundaries:

We Can Help WithWe Cannot Help With
Financial instrument designDefining tribal priorities
Investment structure optionsTraditional ecological knowledge
Cross-boundary coordination mechanicsCultural and spiritual dimensions of water
MRV documentation for funding applicationsGovernance or decision-making
Connection to broader natural capital marketsSpeaking for any tribal nation

The knowledge of how to care for these lands and waters exists. It has existed for thousands of years. Our role, if any, is providing optional financial infrastructure that might serve goals you've already identified.

how engagement might work

If ensurance instruments might serve your nation's priorities:

  1. You define the goals — What do you want settlement funds to accomplish over 50, 100, 500 years?
  2. We explain the options — Coins, certificates, agents, syndicates — what each does and doesn't do
  3. You decide what fits — Which instruments, if any, align with your priorities and governance
  4. Sovereignty is preserved — All instruments respect tribal self-determination; no external control over tribal lands or decisions

existing instruments

Ensurance instruments exist now:

a note on values

Ensurance operates from a framework that recognizes holistic value — ecological, cultural, social, spiritual, and economic dimensions working together, not separately. Financial instruments serve these dimensions; they don't replace them.

We understand that water is not merely a resource. For many tribal nations, water is a relative, a responsibility, a sacred trust. No financial instrument can capture that. What instruments can do is provide mechanisms for deploying capital in ways that honor those relationships over time.

That's a tool. Whether it's useful depends entirely on whether it serves your priorities.


If this might be relevant to your nation's planning:

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we'd love to help you understand how ensurance applies to your situation.