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| Thursday, 6 January 2011, 07:10 HKT/SGT | |
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Vancouver, BC, Jan 6, 2011 - (ACN Newswire) - Carbon Friendly Solutions (CNSX - CFQ) is the latest company to begin trading on the Canadian National Stock Exchange, better known as the CNSX.
To view the InvestmentPitch.com video news alert about Carbon Friendly Solutions, click here. If the link is unavailable, please visit www.InvestmentPitch.com and enter "Carbon Friendly" in the search bar.
The company has listed its 27.7 million common shares, of which 23.7 are in the public float.
Carbon Friendly Solutions, is, as you would imagine by its name, a company involved in the fight against global warming. They provide products and solutions for companies, organizations and individuals looking to reduce or offset their global warming impact caused by greenhouse gas emissions, while including the generation of carbon credits for sale in the global Voluntary and Compliance markets.
Through its subsidiaries Global CO2 reduction Inc, CO2 Reduction Poland Sp., and Pacific Briquetters Inc. the company is focusing on removing and offsetting carbon dioxide emissions from the completion of reforestation, biomass energy and renewable energy technology projects that are independently validated and verified to globally recognized standards and methodologies, creating carbon credits which can be sold in the marketplace.
About Carbon Offsets/Credits
The first steps taken to deal with climate change are to reduce the emissions created by everyday activities. This is often called reducing our carbon foot print. The company has some interesting calculators on their site www.carbonfriendly.com where you can determine your own carbon foot print.
Another way to address the impact of climate change is to purchase greenhouse gas reductions created by another party. This is known as carbon offsetting, which are purchased and sold as carbon credits.
The idea behind carbon offsets is that greenhouse gas emissions spread very quickly around the planet, and so, while opportunities for reductions in one location might currently be limited by cost or technology, the next best option may be to pay for reductions to be made in another location.
Carbon offsets are quantified and sold in metric tonnes of carbon dioxide equivalent. Buying one tonne of carbon offsets means that if the carbon offset is high in quality, there will be one less tonne of carbon dioxide in the atmosphere than there otherwise would have been.
The planting of new trees and the creation of new forests, in addition to reducing carbon dioxide emissions, also helps to remove carbon dioxide from the atmosphere, creating carbon credits which can be sold.
CONTACT:
Carbon Friendly Solutions
604-676-9792
investor@carbonfriendly.com
InvestmentPitch.com
Barry Morgan, CFO
604-684-5524
bmorgan@investmentpitch.com
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: InvestmentPitch via Thomson Reuters ONE
HUG#1477566
Copyright (C) Thomson Reuters 2011. All rights reserved.
Topic: Press release summary
Sectors: Gas & Oil
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
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