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Rainforest Resources Announces the UKUMARI Project Will Avoid the Emission of 1.2M Tons of CO2 to the Atmosphere

irwpresse_en 
0 0 03.12.21
Rainforest Resources Announces the UKUMARI Project Will Avoid the Emission of 1.2M Tons of CO2 to the Atmosphere
 

 

December 2, 2021. Miami, Florida. RAINFOREST RESOURCES INC. and its subsidiary RAINFOREST DEL ECUADOR are pleased to announce, being close to obtaining VERRA certification, the UKUMARI project will avoid, according to the deforestation trend, the emission of 1'202,718.00 tons of CO2 equivalent (tCO2e) into the atmosphere until the year 2035.

 

Currently the UKUMARI cloud forest will conserve 6,705.90 hectares, which is equivalent to a carbon stock of 3'031,086.47 tCO2e.

 

The price of each tCO2e retained, according to SENDECO2, European CO2 Trading System, which is a company dedicated to the purchase and sale of emission rights, which transfers the benefits of the financial markets to the negotiation of Carbon Dioxide Emission Rights and Carbon Credits, the value at December 2021 for each carbon certificate or ton of CO2 retained is 76.78 Euros.

 

For further information on the value of each carbon certificate retained please visit the website, http://www.sendeco2.com/es/precios-co2

 

For further information on Rainforest Resources Inc. (RRIF) please visit the Company website, www.rainforestresourcesinc.com

 

This Press Release contains certain forward-looking statements that are based on management’s expectations, estimates, projections and assumptions. Words such as “expects” “anticipates” “plans” “believes” “scheduled” “estimates” and variations of these words and similar expressions are intended to identify forward-looking statements, which include but are not limited to projections of revenues, earnings, segment performance, cash flows, contract awards, and stability. Forward-looking statements are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors beyond the control of management. All forward-looking statements speak only as of the date of this release, or, in the case of any documents incorporated by reference, the date of that document. All subsequent written and oral forward-looking statements attributable to the company or any person acting on the company’s behalf are qualified by the cautionary statements in this section. The company does not undertake any obligation to update or publicly release any revisions to forward looking statements to reflect events, circumstances or changes in expectations after the date of this report.

For further information,

 

Contact : [email protected]

 

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