Regina, Saskatchewan --News Direct-- Delta CleanTech Inc.
Regina, Saskatchewan – TheNewswire - August 29, 2022 – Carbon RX Inc. (“Carbon RX”) and the Nekaneet First Nation are pleased to announce the forming of a new ESG (Environmental, Social, and Governance) partnership. This newly formed partnership highlights the First Nation’s opportunity to take action to address climate change and continue their indigenous sovereignty over their environment.
“Our land is the lifeline for First Nation communities. We, as First Nations, have the highest respect for the land and the carbon reduction market is a modern way for our community to continue doing what we have been advocating for years. Not only does this partnership respect the land, but we have also created a new revenue stream through the sale of carbon credits for our communities. It is a win on two fronts”, stated Chief Alvin Francis, Nekaneet First Nation.
It is estimated 1/3 of global agricultural land is owned by indigenous communities. The role of indigenous agriculture and forest management is instrumental in the movement towards the removal of greenhouse gases which are linked to the cause of climate change.
“We will work with Carbon RX and help expand this to many other First Nations within Canada to pool their lands and become one of the largest forces in global carbon reduction. First Nations carbon credits have significant value if we pool them together,” adds Chief Francis.
Interest in voluntary carbon credits has grown immensely due to the popularity of the progressive ESG strategies by large corporations who are committed to protecting the environment and the future of our communities and world as corporate citizens.
“You don’t have to look far to find publicly traded companies making net-zero pledges. The social license attributes created by these indigenous carbon sinks makes our ESG carbon credit second to none in the industry,” says Marty Seymour, Chief Operating Officer, Carbon RX. “Organizations who buy these specific carbon credits benefit from the enhanced ESG attribute of indigenous inclusion benefiting the First Nation directly.”
First Nations ESG-based carbon credit offsets will sell at a premium in the marketplace and serve as an added benefit to First Nations communities across the country.
“We have created an ESG-based carbon credit that has true meaning for these larger purchasers,” adds Seymour. “The ‘E’ demonstrates the carbon value. Most significantly, the ‘S’ signifies the important social license of these credits as a result of indigenous inclusion. Lastly, the ‘G’ is demonstrated through the governance of high fidelity, traceability and integrity of these credits administrated through a secured digital ledger.”
About Carbon RX
Carbon RX is a wholly-owned subsidiary of Delta CleanTech Inc., a publicly traded company (CSE:DELT; FRA:66C; OTCQB:DCTIF). Located in Regina, Saskatchewan Carbon RX originates, digitizes and streams carbon credits in agriculture, forestry, and energy. The organization is anchored with over 15 years of carbon capture technical expertise servicing both domestic and international high fidelity carbon markets.
For media inquiries
Cell: 306-570-9242E‐mail: Marty.Seymour@CarbonRX.com
Forward Looking Statements
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, which are based upon Delta CleanTech Inc. and Carbon RX current internal expectations, estimates, projections, assumptions and beliefs and views of future events. Forward-looking information can be identified by the use of forward-looking terminology such as "expect", "likely", "may", "will", "should", "intend", "anticipate", "potential", "proposed", "estimate" and other similar words, including negative and grammatical variations thereof, or statements that certain events or conditions "may", "would" or "will" happen, or by discussions of strategy. Forward-looking information include estimates, plans, expectations, opinions, forecasts, projections, targets, guidance, or other statements that are not statements of fact. Specifically, this news release contains forward looking information relating to the future partnership and collaboration between Carbon RX and First Nations, and the ability to effectively reduce carbon dioxide and methane emissions.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
View source version on newsdirect.com: https://newsdirect.com/news/saskatchewan-first-nation-exercises-their-environmental-sovereignty-899206922