QUITO, ECUADOR — (Marketwired) — 05/07/13 — BluForest Inc. (OTCBB: BLUF) (OTCQB: BLUF)
KCET, the USA–s largest independent public television station reports that a deal that has been reached wherein “greenhouse gas emission allowances acquired as part of California–s cap and trade auction program can soon be traded along with those issued under a similar program in the Canadian province of Quebec.”(1)
According to this report the carbon emissions markets in California and Quebec will essentially merge, commencing January 1, 2014. The report further states that the “emissions credits purchased in California will be able to be used to offset greenhouse gas emissions in Quebec, and vice versa.”
“The Board–s action today broadens the environmental impact of California–s cap-and-trade program and helps fight climate change by reducing greenhouse gases,” said CARB Chair Mary D. Nichols in a press release. “California retains absolute control over its own program, and the larger carbon market overall provides additional options for California businesses.”(2)
This comes at a time where the “concentration of carbon dioxide in the atmosphere has reached 399.72 parts per million (ppm) and is likely to pass the symbolically important 400ppm level”(3) as reported by John Vidal of the Guardian.
Ralph Keeling, a geologist with the Scripps Institution of Oceanography, states that “I wish it weren–t true but it looks like the world is going to blow through the 400ppm level without losing a beat. At this pace we–ll hit 450ppm within a few decades.”
The Guardian reports that “The 400ppm threshold is a sobering milestone, and should serve as a wake up call for all of us to support clean energy technology and reduce emissions of greenhouse gases, before it–s too late for our children and grandchildren,” said Tim Lueker, an oceanographer and carbon cycle researcher with Scripps CO2 Group.
. 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.
(1)
(2) Ibid.
(3)
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.
Contact Us:
Company phone number: 1-855-509-5508