ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

NC Nicer Canada Com Npv

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
Nicer Canada Com Npv TSXV:NC TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Offsetters Climate Solutions Inc.: North America's Largest Forest Carbon Project in the Great Bear Rainforest Receives Final ...

09/12/2013 1:00pm

Marketwired Canada


Offsetters Climate Solutions Inc. ("OCS" or the "Company") (TSX
VENTURE:COO)(FRANKFURT:9EA) is proud to announce that the Great Bear (Haida
Gwaii) Forest Carbon Project, has completed its first verification with
international auditing firm KMPG Performance Registrar Inc. The Project was
verified under British Columbia's Forest Carbon Offset Protocol ("FCOP"), which
is sanctioned by the BC Emission Offsets Regulation ("BC EOR").


The Haida Gwaii Project is the third and final Project Area of the Great Bear
Forest Carbon Project undertaken by the Coastal First Nations ("CFN") and the
Nanwakolas Council ("NC"), and is part of the largest forest carbon project
developed in North America. The CFN is an umbrella group that represents First
Nations on the North and Central Coast and Haida Gwaii and the NC is comprised
of seven First Nations whose traditional territories are between Smith and Bute
Inlets, and on Northern Vancouver Island. This verification follows the 2011
verification of the North and Central Mid-Coast Project and the 2012
verification of the South Central Coast Project. The member Nations of the
Coastal First Nations and the Nanwakolas Council have entered into an
Atmospheric Benefit Sharing Agreement (ABSA) with the BC Government which
defines how benefits from the Great Bear Forest Carbon Project will be shared
between the governments.


In total, with the current Land Use Objectives the Great Bear Forest Carbon
Project delivers up to 1 million tonnes of carbon offsets per year over 25 years
from a total project area that covers more than 7 million hectares of coastal
temperate rainforest. The Haida Gwaii Forest Carbon Project achieved 654,427
tonnes of emission reductions from the 2011/2012 verification period.


The Great Bear Forest Carbon Project represents a milestone in Canadian history
and a milestone for human well being and conservation on land with
unextinguished Aboriginal Rights and Title. First Nations hold unextinguished
Aboriginal Rights and Title in the Great Bear Rainforest, while the Province of
British Columbia asserts Crown title to the land. The CFN, NCS and the Province
negotiated a number of landmark agreements, including Reconciliation Protocols
that acknowledged carbon assets on the land and included a commitment to share
benefits. The benefit sharing agreement for carbon with the Province gave the
Nations a tool to develop a conservation-based economy utilizing carbon finance.


Great Bear Carbon Corporation ("GBCC") president Chief Harold Leighton
commented, "The verification of the Haida Gwaii is an important milestone for
the Coastal First Nations. The Great Bear Forest Carbon Project is the result of
government to government negotiations that resulted in the establishment of over
two million hectares in Conservation Areas, and major reductions in harvest
volumes throughout the entire Rainforest." Chief Leighton further added, "Carbon
Financing was necessary in the negotiations for securing our support of
legislative commitments, and is an essential component in building the
conservation economy that will support healthy ecosystems and healthy local
communities."


Offsetters worked closely with the GBCC and NCS on the Haida Gwaii project.
Offsetters was the Project Manager, developing the required Project Design
Documentation, completing the harvested wood products and risk assessment
analysis as well as providing input regarding carbon model and leakage analysis.
In addition, Offsetters established a monitoring plan to meet the requirements
of FCOP and the BC EOR. Offsetters managed the validation and verification
processes of all three project areas on behalf of the CFN and NCS. Offsetters
utilized its proprietary Forest Carbon Asset Management System ("FCAMS") to meet
the long term data management requirements of the Great Bear Forest Carbon
Project.


"We are very proud to have been so closely associated with the Great Bear Forest
Carbon Project through our work with the talented and committed people who are
the Coastal First Nations," said Dr. James Tansey, CEO of Offsetters, "This
verification marks a significant milestone for the Province, Coastal First
Nations, Nanwakolas Council Society and carbon conservation, and demonstrates
the ongoing commitment of our Province and its people to foster and develop a
more sustainable, renewable economy - where the environment is a highly valued
resource."


James Tansey, Ph.D., President and CEO

Offsetters Climate Solutions Inc.

About the Coastal First Nations

The Coastal First Nations is an alliance of First Nations on British Columbia's
North and Central Coast and Haida Gwaii. The Coastal First Nations include
Wuikinuxv Nation, Heiltsuk, Kitasoo/Xaixais, Nuxalk Nation, Gitga'at,
Metlakatla, Old Massett, Skidegate, and Council of the Haida Nation. Established
in June 2011, the Great Bear Carbon Credit Limited Partnership's purpose is to
develop carbon credit projects within the Great Bear Rainforest and to market,
sell and distribute the resulting offsets created.


About the Nanwakolas Council

The Nanwakolas Council is comprised of seven member First Nations whose
traditional territories are located in the Northern Vancouver Island and
adjacent South Central Coast areas of British Columbia. The members of the
Nanwakolas Council involved in the South Central Coast Forest Carbon Project are
the Mamalilikulla-Qwe'Qwa'Sot'Em First Nation, Tlowitsis First Nation,
Da'naxda'xw Awaetlala First Nation, Gwa'sala-'Nakwaxda'xw First Nation and the
K'omoks First Nation.


About Offsetters Climate Solutions Inc.

Offsetters is Canada's largest and most diversified carbon management solutions
company. Its team of industry leaders specializes in the origination,
development and commercialization of high-quality carbon offset projects, and
through a comprehensive offering of sustainability consultancy services
Offsetters helps organizations understand, reduce and offset their climate
impact. A merger of ERA Carbon Offsets and Offsetters, Offsetters is based in
Vancouver, Canada and has worked with over 150 of the world's most prestigious
organizations including Aimia, Vancity, lululemon athletica, Catalyst Paper,
Harbour Air, and HSE - Entega. Offsetters is publicly listed company on the
Toronto Venture Exchange (TSX VENTURE:COO) and in Frankfurt:9EA. For more
information, please visit us at www.offsetters.ca.


FORWARD LOOKING STATEMENTS: This document includes forward-looking statements as
well as historical information. Forward-looking statements include, but are not
limited to, the continued advancement of the company's general business
development, research development and the company's development of forest-based
carbon offsets. When used in this document, the words "anticipate", "believe",
"estimate", "expect", "intent", "may", "project", "plan", "should" and similar
expressions may identify forward-looking statements. Although Offsetters Climate
Solutions Inc. believes that their expectations reflected in these forward
looking statements are reasonable, such statements involve risks and
uncertainties and no assurance can be given that actual results will be
consistent with these forward-looking statements. Important factors that could
cause actual results to differ from these forward-looking statements include
fluctuations in the marketplace for the sale of carbon credits, the inability to
implement corporate strategies, the ability to obtain financing and other risks
disclosed in our filings made with Canadian Securities Regulators.


NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM
IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Offsetters Climate Solutions Inc.
David Rokoss
778-945-0951
david.rokoss@offsetters.ca
www.offsetters.ca

1 Year Nicer Canada Com Npv Chart

1 Year Nicer Canada Com Npv Chart

1 Month Nicer Canada Com Npv Chart

1 Month Nicer Canada Com Npv Chart