Carbon Credits
Search documents
Google to buy carbon credits from massive Amazonian reforestation project
TechCrunch· 2025-11-06 20:28
Group 1 - Google is purchasing 200,000 metric tons of carbon removal from Mombak, a Brazilian forest restoration company, which involves reforesting farmland in the Amazon [1] - The deal is part of the Symbiosis Coalition, an advance market commitment aimed at developing a market for nature-based carbon removal, supported by major companies including Google, McKinsey, Meta, Microsoft, and Salesforce [2] - Nature-based carbon removal projects face challenges such as vulnerability to wildfires and difficulties in ensuring long-term viability, despite their potential to effectively reduce CO2 levels [3] Group 2 - Nature-based projects offer benefits such as replenishing aquifers and supporting biodiversity, which direct air capture technologies cannot achieve [4] - Google plans to utilize its DeepMind PerchAI to quantify the biodiversity benefits associated with the carbon removal project [4]
Base Carbon Reports Third-Quarter 2025 Results
Globenewswire· 2025-11-04 22:00
TORONTO, Nov. 04, 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 its third-quarter 2025 consolidated financial results and operational highlights. All financial references are denominated in U.S. dollars, unless otherwise noted. Company Highlights: The Rwanda Cookstoves project has been approved by Verr ...
Carbon Streaming Announces Appointment of Jonathan Rubenstein as Expert Consultant
Globenewswire· 2025-10-27 11:00
Core Viewpoint - Carbon Streaming Corporation has appointed Jonathan Rubenstein and Hein Poulus as expert consultants to provide strategic direction and oversight for significant litigation [1][3]. Group 1: Appointments and Expertise - Jonathan Rubenstein has over 45 years of experience in the mining sector, transitioning from a successful 18-year legal career, and has directed numerous acquisitions and litigation matters [2]. - Rubenstein has served on the boards of over 10 significant mining companies and was instrumental in winning complex litigation against major mining firms [2]. - Hein Poulus has also been engaged as an expert consultant for significant litigation, with Baker McKenzie acting as the Company's litigation counsel [3]. Group 2: Company Focus - Carbon Streaming focuses on projects that generate high-quality carbon credits while positively impacting the environment, local communities, and biodiversity [3].
Early Warning Press Release Regarding Acquisition of Common Shares in Carbon Streaming Corporation by Marin Katusa
Globenewswire· 2025-10-21 03:03
Core Viewpoint - Carbon Streaming Corporation's CEO, Mr. Marin Katusa, has acquired 74,500 common shares at a price of $0.67 per share, totaling $49,915, indicating a personal investment in the company [1]. Summary by Sections Acquisition Details - The Acquiror purchased 74,500 common shares at $0.67 each for a total of $49,915 [1]. - Prior to the acquisition, the Acquiror owned 4,101,000 common shares, representing approximately 8.5% of the total shares outstanding [2]. - After the acquisition, the Acquiror's total ownership increased to 4,175,500 common shares, approximately 8.6% of the total shares outstanding [3]. Warrant Information - The Acquiror held 1,170,000 common share purchase warrants before and after the acquisition [2][3]. - If all warrants were exercised, the Acquiror would control 5,345,500 common shares, representing approximately 10.8% on a partially diluted basis [3]. Purpose of Acquisition - The shares were acquired for investment purposes, with the potential for future acquisitions or disposals depending on market conditions [4]. Regulatory Compliance - The press release is issued in compliance with National Instrument 62-103, detailing early warning reporting requirements [5].
Zefiro Methane Provides Update on Record First Quarter of Fiscal Year 2026 Financial Results and Strong Corporate Pipeline
Newsfile· 2025-10-15 02:03
Core Insights - Zefiro Methane Corp. reported record revenue of approximately $12.0 million for Q1 of fiscal year 2026, marking a ~20% increase compared to the highest quarterly revenue in the company's history [2][3] - The company achieved positive net income and free cash flow due to declining expenses and operational efficiencies [2][3] Financial Performance - The revenue of $12.0 million in Q1'26 is the highest in the company's history, surpassing the previous record set in Q1'25 [2] - The company has successfully reduced expenses, contributing to positive net income and free cash flow for the quarter [2][3] Business Developments - Two major private sector customers have expressed interest in continuing operations, which is expected to generate additional revenue during the winter season [4] - Zefiro was awarded a project by the West Virginia Department of Environmental Protection, expected to generate approximately $1.3 million in revenue [4] - The company completed its first sale of carbon offsets under the ACR orphan well methodology, confirming emissions reductions of 92,956 metric tons of CO2 [4] Strategic Focus - Zefiro is committed to financial discipline, having repaid a $350,000 promissory note and renegotiated another note for greater financial flexibility [8] - The company is actively pursuing additional contracts in Environmental Services and Environmental Markets to support consistent revenue generation [8] - Management is focused on maximizing free cash flow to meet upcoming debt payments and strengthening the balance sheet for long-term growth [8]
Base Carbon to Receive Carbon Credits Under CORSIA Approved VM0050 Methodology
Globenewswire· 2025-09-30 11:30
Core Insights - Base Carbon Inc. has received approval from carbon credit registry Verra for the CORSIA-compliant methodology VM0050 for its Rwanda Cookstoves project, marking a significant milestone for the company [1][2][3] Company Developments - The Rwanda Cookstoves project, developed by DelAgua Group, is transitioning to Verra's VM0050 methodology, which focuses on energy efficiency and fuel-switch measures in cookstoves [2] - Following the transition, the company anticipates holding approximately 1.0 to 1.2 million CORSIA-aligned carbon credits, which will be eligible for delivery into CORSIA and other compliance markets [3] - The CEO of Base Carbon emphasized that this transition enhances the value of the company's carbon credit inventory and positions it favorably in a market with increasing compliance obligations for airlines [5] Market Context - CORSIA requires international airlines to offset emissions growth above 85% of 2019 levels, creating immediate demand for CORSIA-eligible carbon credits [4] - Forecasts suggest that carbon credit prices in CORSIA Phase One (2024-2026) could rise to between US$26.00 and US$63.00 per tonne, indicating a structural shortfall in the current market [4]
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
Core Insights - Carbon Streaming Corporation has successfully implemented a settlement agreement with Infinite-Earth Limited and related parties regarding the Rimba Raya Biodiversity Reserve Project [1][2]. Financial Summary - The company received a payment of US$650,000 from Infinite-Earth and cancelled 4,539,180 common shares, resulting in a total of 48,332,053 common shares outstanding [2]. - Carbon Streaming currently holds total cash of C$52.4 million (US$37.6 million), with no debt reported [3]. Company Overview - Carbon Streaming focuses on projects that generate high-quality carbon credits while positively impacting the environment, local communities, and biodiversity [4].
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
Core Points - Carbon Streaming Corporation has successfully implemented a settlement agreement with Infinite-Earth Limited and related parties regarding the Rimba Raya Biodiversity Reserve Project [1][2] - The company received a payment of US$650,000 and cancelled 4,539,180 common shares, resulting in a total of 48,332,053 common shares outstanding [2] - Carbon Streaming currently holds C$52.4 million (US$37.6 million) in cash and has no debt [3] Financial Summary - Payment received from IE: US$650,000 [2] - Common shares cancelled: 4,539,180 [2] - Total common shares outstanding: 48,332,053 [2] - Total cash held: C$52.4 million (US$37.6 million) [3] - Cash breakdown: C$37.8 million and US$10.5 million [3] - Debt status: No debt [3] Company Overview - Carbon Streaming focuses on projects that generate high-quality carbon credits while positively impacting the environment, local communities, and biodiversity [4]
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].