Carbon Offset Financier Provides Corporate Update

Carbon Offset Financier Provides Corporate Update

By: Tomas Ronolski - News

Thursday, February 8, 2024

Carbon credits are a way to not only boost sustainabbility but are also a way for new profits. This financier of global voluntary carbon markets just announced a corporate update that showed a target to receive of approximately 6 million carbon credits from one project.

Base Carbon Inc. (OTCQX: BCBNF), with operations through its wholly-owned subsidiary, Base Carbon Capital Partners Corp., provided a corporate update outlook in a press release today. 

The 6 million carbon credits from the Vietnam household devices project, for anticipated offtake proceeds of approximately US$29.1 million, and approximately 2.1 million carbon credits from the Rwanda cookstoves project in 2024. In addition, Base Carbon received approximately 1.1 million carbon credits and aggregate proceeds from the disposition of such credits of approximately US$6.4 million, or C$0.072 per share, in 2023.

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