Environmental protection stocks have hit all time highs as the Maryland Natural Resources Commission (MNRCC) continues to bolster its stocks in an attempt to boost its revenue and attract investors, according to its latest quarterly report.
The MNRCC’s revenue has grown from $3.6 million in 2013 to $8.9 million in 2018, as the commission boosted its investments in projects to address pollution issues and protect habitat.
The commission said it would continue to invest in environmental issues by expanding its environmental monitoring and enforcement programs and adding staff and staff-only offices.
“We are proud of the strong performance of our portfolio,” the MNRC said in its latest annual report.
The MRCS reported $7.1 million in revenue for the quarter, compared with $3 million in the same period a year earlier. “
Our efforts to attract new investors to MNRCs portfolio, particularly in 2018 as a result of the commission’s aggressive investment strategy, are continuing.”
The MRCS reported $7.1 million in revenue for the quarter, compared with $3 million in the same period a year earlier.
It also said its stock prices had jumped from $1.6 in the previous quarter to $2.8 at the end of September.
The investment agency also said it had added more than $1 million to its reserves for future needs.
The agency said its investment in projects would be made with the support of a grant from the US Department of Energy.
The Maryland Natural Resource Commission said the increased investment was needed to support a “long-term plan to increase the quality and sustainability of Maryland’s environment”.