On December 13, 2019, the Company announced an Emissions Reduction Benefits Management Agreement (ERBMA) with Lac Seul to develop forest carbon sequestration opportunities in the First Nation's territory in Northwestern Ontario. Under the terms of the ERBMA, AurCrest is the sole and exclusive agent for LSFN to manage and develop projects within LSFN traditional territory to harvest ERBs. AurCrest entered into the CDMA with Bluesource to provide the expertise associated with development and monetizing the carbon offsets.
Bluesource helps forest owners evaluate opportunities and generate value in diverse carbon markets by developing and monetizing offsets on their behalf.
(Source: AurCrest Gold Inc., PR, 11 May, 2020) Contact: AurCrest Gold Inc., Christopher Angeconeb, Pres., CEO, (807) 737-5353,
Ian Brodie-Brown, Dir. Bus. Dev., (416) 844-9969, firstname.lastname@example.org, www.aurcrest.ca; Blue Source Canada, (403) 262-3026, www.bluesource.com
More Low-Carbon Energy News AurCrest Gold, Blue Source Canada, Carbon Offset,
Salt Lake City, Utah-based energy management company Blue Source is leading the project. Bluesource works with companies, governments and NGOs to reduce and mitigate environmental impacts.
the company develops projects that create land, water and climate benefits using
strategic partnerships, finance, innovation and markets to achieve these goals, according to the company website.
(Source: City of Lincoln, Yankton Press & Dakotan, AP, 28 Feb., 2020) Contact: Blue Source Inc., Will Overly, VP Bus. Dev., 801-322-4750, www.bluesource.com; City of Linclon, Elizabeth Elliot, Director Utilities, 402-441-7548,
402-441-7590 - fax, www.lincoln.ne.gov
More Low-Carbon Energy News Biogas, Blue Source,
As previously reported, three Northwestern Ontario First Nations groups, AurCrest and carbon offset developer Blue Source, will work together to assess the potential of forests to capture and sequester carbon dioxide (CO2) within the First Nation's traditional territory for the development of Greenhouse Gas offsets.
AurCrest, a mineral exploration company focused on the acquisition, exploration, and development of gold properties, holds a portfolio of properties in Ontario, which include the Richardson Lake and Bridget Lake gold properties. (Source: AurCrest Gold Inc., PR, 19 Aug., 2019)
Contact: AurCrest Gold Inc.
Christopher Angeconeb , CEO, (807) 737-5353, email@example.com; Blue Source, (403) 262-3026, www.bluesource.com
More Low-Carbon Energy News AurCrest Gold, Blue Source, Carbon Sequestration, Carbon Offset,
The privately-owned Haliburton Forest, which has pledged to undertake sustainable forest management practices that will generate 75,000 tpy of additional GHG reductions over the long-term, currently sequesters an estimated 8 million tpy of CO2 and will continue to sequester amounts that significantly exceed what would have occurred through common-practice forest management.
The long-term commitment to reducing GHG emissions will be made in the context of a GHG offset protocol being developed by the Ontario Government as part of the cap-and-trade program. The impending forest management protocol will create binding obligations on Haliburton Forest that provide the security that the GHG reductions will be permanent.
(Source: BlueSource Canada, 15 Sept., 2017) Contact: BlueSource Canada, Jamie MacKinnon, VP of Environmental Solutions, (416) 427- 4888, firstname.lastname@example.org, www.bluesource.com; Haliburton Forest,
Malcolm Cockwell, Managing Director, www.haliburtonforest.com
More Low-Carbon Energy News Ontario Carbon Market, Carbon Sequestration, Ontario Cap-and-Trade, Bluesource, Forest Carbon, Carbon Sequestration,
Under federal legislation, mine operators are permitted to vent mine methane without penalty. GCS' proposal qualifies under California's cap-and-trade system.
GCS will pay a 12.5-cent royalty per million btu flared, plus $5,000 per year per mine in rent. Carbon offsets are currently selling for $5.80 per ton of carbon dioxide equivalent.
According to the EPA, coal mines represent 12 pct of all human-caused methane emissions and are the nation's second largest source of greenhouse gas emissions after CO2. Even so, methane emissions from mines are exempted from regulation under the Clean Air Act because the gas has to be vented from underground coal deposits to prevent lethal explosions.
To calculate the carbon offsets the methane destruction is worth, GCS is relying on Salt Lake City-based consulting firm Bluesource, which will register the offsets with the Climate Action Reserve. They could then be issued California Air Resources Board (CARB) which has
authorized 7 mines to join the offset program. (Source: GCS, CARB, Salt Lake Tribune, Sept., 2017)
Contact: Global Carbon Strategies, C. Kennedy, VP,
1885 Denver West Court, Lakewood, Colorado, 80401, -- phone and email not presently available; Utah School and Institutional Trust Lands Administration, (801) 538-5100, https://trustlands.utah.gov; CARB, (800) 242-4450, email@example.com, www.arb.ca.gov; Bluesource, www.bluesource.com
More Low-Carbon Energy News Bluesource, California ARB, , Global Carbon Strategies, Methane, Carbon Credit ,