Carbon Done Right Announces Receipt of Fourth Disbursement of Financing for Sierra Leone Rewilding Project
Carbon Done Right CEO
- On
3 April 2024 , the Company received an enquiry from TheTimes newspaper regarding the Company's West African operations and a possible media piece to be published. The Company has been engaging with the newspaper in an open and transparent way, providing detailed responses and context. Some of the questions that have been posed suggest that much of the newspaper's sourced information is inaccurate, incomplete or based on misunderstandings of the Company's operations, which the Company has responded to in clear and detailed terms. - The underlying project in
Sierra Leone has been extensively reviewed by investors, the legal team, the AIM Nominated Adviser, aUK based granting funder and Ecosecurities. The legal status of the leases has also been confirmed by an independent law firm inSierra Leone . - The landowning families are represented by Namati, an international NGO with longstanding presence in
Sierra Leone , that ensures landowners' rights are protected during the Free, Prior and Informed Consent (FPIC) land lease process. The Company continues its constructive engagement with the NGOs in the area. - The Company is also developing a new technology platform called Treecounter, which provides unprecedented transparency and traceability for restoration projects, connecting smallholder farmers with a system that is designed to ensure the value created from the sales of carbon credits is shared fairly with land owning families.
The Company is developing the large-scale rewilding reforestation project in
Carbon Done Right is an owner and operator of nature-based carbon assets that serves the growing demand for carbon credits from companies seeking to meet their Net Zero goals. The Company achieves this by investing in the exploration, restoration and management of terrestrial and marine systems that can either be protected to enhance the sequestration of greenhouse gases or restored from a degraded status to fully productive ecosystems. The Company's dedication to environmental stewardship and its robust pipeline of carbon credit projects makes it a trusted partner to the largest buyers of carbon credits in the world, in the fight against climate change. Carbon Done Right deploys capital at risk under various arrangements (including cooperation, assignment, and production sharing agreements) with government engagement in various suitable jurisdictions around the world including
ON BEHALF OF THE BOARD OF DIRECTORS
"James Tansey"
Chief Executive Officer
http://www.CarbonDoneRight.com
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