The voluntary forest carbon project is located on 12,658 acres of Keweenaw’s Great Northern tract in
Keweenaw’s project is being developed under the American Carbon Registry’s improved forest management methodology for the voluntary carbon offset market. Under this methodology, a landowner commits to sustainably manage their land to sequester carbon above and beyond what would have occurred under prior management practices.
The company expects initial cash flow from this project to begin in the second half of 2021. While financial and other terms of the contract were not disclosed, when earnings from the project are received, they will be reflected in the Company’s financial statements in the normal course of business.
“The voluntary carbon offset market is a critical tool for sustainable forest management,” said
“With this agreement, Keweenaw adds a sustainable carbon sequestration revenue stream to its existing sustainable harvesting program. It is a win for our company and a win for nature in Wisconsin,” said
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About
Keweenaw is a forest products and land management company located in
Forward-Looking Statements:
This release contains forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties and should not be relied upon as predictions of future events or promises of a given course of action. A number of factors such as the ongoing Covid-19 pandemic, changing economic conditions, price fluctuations, land use, environmental and other governmental regulations, and risk of loss from natural disasters, could cause actual results to differ materially from those described in the forward-looking statements. As with any investment, past performance is not a guarantee of future results. The Company is currently not subject to the filing requirements of the Securities Exchange Act of 1934, as amended. The Company is categorized as "Pink Current Information" under the OTC Pink Sheets.
About Finite Carbon:
Finite Carbon is North America’s leading developer of forest carbon offsets. With offices in seven states, it combines unparalleled project development experience with extensive carbon market knowledge. Finite Carbon has generated over one-third of all
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