Goldman Sachs came to own 680,000 acres of Tierra del Fuego when a timber company's debt went bad — and instead of selling, the bank gave all of it away to a wildlife society, and forests once marked for clear-cutting became one of Chile's largest private nature reserves
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When a Wall Street giant inherited a Patagonian forest empire through a debt default, it chose to preserve rather than profit—transforming a timber company's collapse into an environmental windfall.
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