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 WASHINGTON (AP) - The Bush administration is encouraging developers who destroy wetlands or streams and are required to replace them to pay other businesses to do the work.
The Army Corps of Engineers and the Environmental Protection Agency issued proposed regulations Monday that are intended to promote companies that specialize in creating swamps, marshes and streams.
Benjamin Grumbles, the EPA's assistant administrator for water, said he hopes the number of businesses engaged in "mitigation banking" will double. About 300 such businesses now exist.
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