QUITO, ECUADOR -- (Marketwire) -- 02/12/13 -- BluForest Inc. (OTCBB: BLUFD) (OTCQB: BLUFD): Mongabay.com, one of the world's most popular environmental science and conservation news sites reports, that:
"Carbon credits generated by forest conservation activities in tropical countries could play a role in California's cap-and-trade program, helping mitigate climate change and providing benefits to local communities, said a panel of expert..."
The REDD+ Offset Working Group issued a set of draft recommendations, "California, Aceh, and Chiapas," on how Tropical Forests in Brazil and Mexico could link efforts to reduce deforestation with the State of California's new cap-and-trade system.
"These recommendations are a pathway for states and provinces to provide leadership in reducing deforestation and reducing GHGs while benefitting local communities," said panel member Dan Nepstad, a noted Amazon researcher with the Amazon Institute of Environmental Research or IPAM. "We think these recommendations continue California's leadership role in global climate policy."(1)
Panel member Gregory Asner states: "We believe the mix of these recommendations with the current technology available to monitor, track and report deforestation around the globe are a recipe for success."
Once the recommendations are finalized they will be sent to the governors of California, Aceh, and Chiapas. Here they are expected to take part in advancing the acceptance of compliance-grade REDD+ carbon credits in California's cap-and-trade system. (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.
Safe Harbor Act Notice: Statements contained herein that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, the company's ability to obtain additional financing and the demand for the company's products. Any investment in the company would be extremely speculative and involve a high degree of risk and should not be pursued unless the investor could afford to lose their entire investment. Before investing, please review this filing, all past public filings with the SEC, all current Pinksheets.com filings and consult a registered broker dealer or contact the financial industry regulatory authority ("FINRA") for more information regarding locating a qualified party to assist in making an investment decision. The company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the company's success are more fully disclosed in the company's most recent public filings with the U.S. Securities and Exchange Commission. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
On behalf of the Board of BluForest Inc.
Company phone number: 1-855-509-5508
Most Popular Stories
- Obama Administration Releases Proposal to Regulate For-Profit Colleges
- Koch Brothers Step up Anti-Obamacare Campaign
- Elizabeth Vargas' Husband Marc Cohn Addresses Rumors
- Keurig Adds Peet's coffee, Alters Starbucks deal
- U.S. to Relinquish Gov't Control Over Internet
- Quiznos Files for Chapter 11
- SoCalGas Reaches Record Spend on Diversity Suppliers
- U.S. Consumer Sentiment Falls in Early March
- Vybz Kartel Convicted of Murder
- FDIC Sues Big Banks Over Rate Manipulation