BluForest Inc: Europe's Largest Insurer Considers Carbon Credits Purchase in
QUITO, ECUADOR -- (Marketwired) -- 09/03/13 -- BluForest Inc.
(OTCBB: BLUF) (OTCQB: BLUF)
Matthew Carr of Bloomberg.net reported that Europe's largest insurer,
Allianz SE, has been considering "expanding its business of buying
carbon emission credits after getting enough of the certificates from
a project in Indonesia to help offset its own emissions."(1)
According to the report Nicolai Tewes, a spokesperson for Allianz,
stated, "We think it's an investment opportunity," however this
depends on the availability of projects and willing buyers.
The credits were created by a tract of land which was set aside in
Indonesia to prevent deforestation. The reserve prevents
approximately 90 million metric tons of emissions over a period of 30
years. The spokesperson did not provide details of the deal,
including how many credits they are considering to purchase.
The article further states that the reserve, known as Rimba Raya,
generated 2.2 million verified carbon units from July 1, 2009,
through June 30, 2010, the project's first year, according to a
statement from SCS Global Services, the independent auditor hired to
verify the reductions.(2)
About BluForest Inc. BluForest Inc. is a development stage company
that is a publically traded carbon offsets marketing and renewable
energy company. BLUF is executing its strategy to become a leading
marketer of carbon offsets in the voluntary markets under the UN
principle of Reducing Emissions from Deforestation and forest
Degradation (REDD+). The BluForest website provides further
information about the company which prospective investors are
encouraged to visit.
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