Carbon Credits

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Base Carbon to Receive Carbon Credits Under CORSIA Approved VM0050 Methodology
Globenewswire· 2025-09-30 11:30
TORONTO, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Base Carbon Inc. (Cboe CA: BCBN) (OTCQX: BCBNF) with operations through its wholly-owned subsidiary, Base Carbon Capital Partners Corp. (“BCCPC”, together, with affiliates, “Base Carbon”, or the “Company”), is pleased to announce that carbon credit registry Verra has approved the application of CORSIA-compliant methodology VM0050 to the Company’s Rwanda Cookstoves project. As previously disclosed, the DelAgua Group, project developer for the Rwanda Cookstoves proj ...
Carbon Streaming Announces Receipt of Settlement Funds and Share Cancellation Pursuant to Settlement Agreement Related to Rimba Raya Project
Globenewswire· 2025-09-29 23:00
TORONTO, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Carbon Streaming Corporation (Cboe CA: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”) announces that the conditions have been satisfied to implement the settlement agreement entered into in connection with resolving the dispute between the Company and with Infinite-Earth Limited (“IE”), PT Infinite Earth Nusantara (“PT IE”), certain of IE’s principals and related entities (collectively, the “IE Parties”) related to the Rimba Raya Biodiversit ...
Carbon Streaming Announces Receipt of Settlement Funds and Share Cancellation Pursuant to Settlement Agreement Related to Rimba Raya Project
Globenewswire· 2025-09-29 23:00
TORONTO, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Carbon Streaming Corporation (Cboe CA: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”) announces that the conditions have been satisfied to implement the settlement agreement entered into in connection with resolving the dispute between the Company and with Infinite-Earth Limited (“IE”), PT Infinite Earth Nusantara (“PT IE”), certain of IE’s principals and related entities (collectively, the “IE Parties”) related to the Rimba Raya Biodiversit ...
Parkland Corporation and Sunoco LP Announce Expiration of Hart-Scott-Rodino Act Waiting Period
Prnewswire· 2025-09-22 12:03
Core Viewpoint - Parkland Corporation and Sunoco LP announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, a significant regulatory approval for Sunoco's acquisition of Parkland, expected to close in Q4 2025, pending other regulatory approvals and customary closing conditions [1][2]. Group 1: Company Overview - Parkland Corporation is a leading international fuel distributor and convenience retailer operating in 26 countries across the Americas, with approximately 4,000 retail and commercial locations [3]. - The company focuses on providing essential fuels and renewable energy solutions, including ultra-fast EV charging and carbon credit options, aiming to lower environmental impact [3]. - Parkland's strategy is built on two pillars: Customer Advantage, which emphasizes brand differentiation and customer loyalty, and Supply Advantage, which aims for the lowest cost to serve in challenging markets [4]. Group 2: Sunoco LP Overview - Sunoco LP operates as a master limited partnership in energy infrastructure and fuel distribution across over 40 U.S. states, Puerto Rico, Europe, and Mexico, with a network of approximately 14,000 miles of pipeline and over 100 terminals [5]. - The partnership serves around 7,400 branded locations and additional independent dealers and commercial customers, supported by its extensive midstream operations [5].
Base Carbon Announces India ARR Project Expansion Options
Globenewswire· 2025-09-03 11:30
Core Viewpoint - Base Carbon Inc. has acquired additional expansion options for its India Afforestation, Reforestation, and Revegetation Project, enhancing its capacity to generate carbon credits and align capital commitments with operational timing [1][3][4]. Expansion Options - The company has secured two contractual options to expand the India ARR Project at no additional cost, allowing for the planting of 20 million additional trees and the purchase of associated carbon credits under similar economic terms as the initial project [3][4]. - These options can be exercised over the full 20-year duration of the current project life, further strengthening the company's existing rights related to project expansions initiated by its partner, Value Network Ventures Pte. Ltd. [3][4]. Project Development - The India ARR Project focuses on afforestation and reforestation of degraded rural farmlands in Uttar Pradesh, with 6.5 million trees planted by the end of 2024 [4][5]. - The project has been submitted to the carbon credit registry Verra for validation, with the first issuance of carbon credits expected in the first half of 2026 [4][5]. Financial Commitments - As of now, approximately US$6.7 million of the US$13.6 million committed to the initial project has been deployed, with US$6.0 million considered maintenance capital [5]. - About US$4.0 million of the maintenance capital is anticipated to be funded through initial sales of carbon credits generated by the project [5]. Community Engagement - The project is designed to meet the needs of local farming communities, involving high levels of stakeholder engagement and feedback [6]. - It includes the planting of over 16 different species of trees, providing food security and income-generating opportunities for local families [6]. Investor Town Hall - The company will host an investor town hall on September 30, 2025, to provide a business update and respond to investor questions [2][7][8].
Zefiro Methane Completes First-Ever Sale of Carbon Offsets Originated Under ACR's Orphan Well Methodology
Newsfile· 2025-08-19 11:30
Core Insights - Zefiro Methane has successfully originated carbon credits based on confirmed emissions reductions of 92,956 metric tonnes of CO2 equivalent from a remediation project in Custer County, Oklahoma, marking a significant milestone in the voluntary carbon market [2][4][10] - The company has delivered its first tranche of carbon credits to Mercuria Energy America, LLC, fulfilling a pre-sale agreement and establishing a new revenue stream [5][16] - Zefiro's operations have generated USD $24.4 million in revenue for the first three fiscal quarters of 2025, indicating strong financial performance [5] Carbon Credit Issuance - The carbon credits were issued under the American Carbon Registry's (ACR) new methodology for quantifying emissions reductions from plugging orphaned oil and gas wells [8][9] - The ACR959 project involved a well located on privately owned land in Custer County, Oklahoma, with post-plugging monitoring confirming compliance with ACR methodology [10] Revenue Streams and Contracts - The successful issuance of carbon credits represents a new revenue stream for Zefiro, supplementing its existing earnings from core operations [5] - Zefiro has also secured its first revenue from methane monitoring, with an USD $800,000 contract with the West Virginia Department of Environmental Protection [6] Market Position and Future Outlook - Zefiro aims to leverage the voluntary carbon markets as a funding source for the remediation of orphaned wells, reducing reliance on taxpayer resources [17] - The company is positioned to rapidly generate more carbon credits from current and future environmental remediation projects, addressing the supply deficit in American-originated carbon offsets [18] - Zefiro's management emphasizes the importance of transparent and verifiable emissions reductions to meet the demands of institutional end-users in the carbon markets [18]
Base Carbon Reports Second-Quarter 2025 Operating and Financial Results
Globenewswire· 2025-08-13 11:30
Company Highlights - Base Carbon Inc. reported a realized cash settled gain on investments in carbon credit projects of $1,022,000 for Q2 2025, a significant decrease from $12,508,000 in Q2 2024 [3] - Total operating expenses decreased to $1,765,000 from $2,537,000 year-over-year [3] - The company recorded an operating loss of $743,000 for the period, compared to an operating income of $9,971,000 in the same quarter last year [3] - Comprehensive income for the period was $239,000, down from $7,470,000 in Q2 2024 [3] Financial Highlights - As of June 30, 2025, total assets were $110,969,000, a slight decrease from $112,068,000 at the end of 2024 [5] - Total liabilities were reported at $8,802,000, down from $9,059,000 [5] - Total shareholders' equity decreased to $102,167,000 from $103,008,000 [5] Carbon Credit Projects - The company achieved net cash proceeds of $1.0 million from the Vietnam cookstove carbon credit monetization, marking five consecutive quarters of carbon credit sales revenue [6] - The inventory of carbon credits increased by 11.2% to 1,905,003 following the receipt of 192,810 carbon credits from the Rwanda cookstoves project [6] - The DelAgua Group submitted a requantification request to Verra for the Rwanda cookstoves project, which could enhance the value of carbon credits issued under the new CORSIA-approved methodology [6][13] Investment and Share Repurchase - The company repurchased approximately 6 million shares at an average price of C$0.49 per share through its normal course issuer bid [6] - As of June 30, 2025, cash and cash equivalents stood at $10,425,000, down from $14,799,000 [7] Future Projects - The India Afforestation, Reforestation, and Revegetation project is expected to issue its first carbon credits in the first half of 2026 [15] - The company is actively assessing capital deployments that generate carbon credits while producing commercial products, including biochar and agroforestry [18][19] Investor Engagement - An Investor Town Hall is scheduled for September, where management will provide updates and respond to investor questions [20]
CARBON DONE RIGHT DEVELOPMENTS INC. ANNOUNCES CEASE TRADE ORDER
GlobeNewswire News Room· 2025-07-30 23:20
Core Viewpoint - Carbon Done Right Developments Inc. has received a cease trade order from the British Columbia Securities Commission due to failure to file required continuous disclosure documents by the deadline [1][2]. Group 1: Cease Trade Order Details - The cease trade order (CTO) prohibits all trading in the company's securities until the required filings are made and the CTO is revoked [2]. - The company aims to resolve the issues causing the delay and expects to file the necessary documents by September 30, 2025 [3]. Group 2: Company Background - Carbon Done Right is a provider of high-quality carbon credits sourced from afforestation and reforestation projects [1]. - The company focuses on nature-based carbon assets to meet the growing demand for carbon credits from companies pursuing Net Zero goals [4]. - It engages in various arrangements with government entities in jurisdictions such as Sierra Leone, Yucatan, Guyana, and Suriname to enhance greenhouse gas sequestration [4]. Group 3: Required Filings - The documents that were not filed include the Annual Audited Financial Statements for the year ended March 31, 2025, Management Discussion & Analysis, and certificates from the CEO and CFO [6].
Green Star Royalties Highlights NativState's Carbon Credit Offtake Agreement with TotalEnergies
Thenewswire· 2025-07-28 11:00
Core Insights - Star Royalties Ltd. through its joint venture Green Star Royalties Ltd. has highlighted NativState LLC's strategic agreement with TotalEnergies for the acquisition of carbon credits from 13 Improved Forest Management projects in the southeastern United States [1][4] - The agreement involves a total of 247,000 acres across four U.S. states and includes over 280 private family forest landowners, promoting sustainable forestry practices and generating certified carbon credits [4] Company Overview - Star Royalties Ltd. is a precious metals and carbon credit royalty and streaming company, aiming to create wealth through accretive transactions that align with both counterparties and shareholders [7] - The company offers investors exposure to precious metals and carbon credit prices through its joint venture, Green Star Royalties Ltd., which has innovated the world's first carbon credit royalties [7] Strategic Developments - The long-duration off-take agreement ensures that all carbon credits generated will be certified by the American Carbon Registry, with TotalEnergies focusing on emission avoidance and reduction credits from 2030 onward [4] - TotalEnergies plans to invest US$100 million annually to build a portfolio capable of generating at least 5 million metric tons of CO2e carbon credits per year by 2030, aligning with its climate roadmap [4]
Carbon Streaming Announces Settlement Agreements Related to Rimba Raya and Marvivo Projects
Globenewswire· 2025-07-24 11:30
Core Viewpoint - Carbon Streaming Corporation has reached settlements regarding disputes related to the Rimba Raya Biodiversity Reserve Project and the MarVivo Blue Carbon Conservation Project, which are expected to positively impact the company's operations and financial standing [1][8]. Rimba Raya Project Settlement - The company has settled disputes with Infinite-Earth Limited and related parties concerning allegations of breach of agreements related to the Rimba Raya Project [2]. - Key terms of the settlement include a payment of US$650,000 and the return of 4,539,180 common shares for cancellation, which will reduce the total outstanding shares to 48,332,053 [5][6]. - The settlement will be implemented within 10 days, and the company continues to pursue damages against Justin Cochrane in a separate court proceeding [3][5]. MarVivo Project Settlement - Carbon Streaming has also settled with Fundación MarVivo México and MarVivo Corporation regarding the MarVivo Project, which includes the abandonment of the project effective September 20, 2024 [8][11]. - The company retains seven-year rights in the MarVivo Project if a MarVivo-affiliated party re-acquires rights to the project [11].