Vancouver, BC, Canada –Monday, May 25, 2009 – Carbon Friendly Solutions Inc. (TSX Venture Exchange: CFQ) (“CFS“ or the “Company”) is pleased to announce its wholly-owned subsidiary Global CO2 Reduction Inc. has initiated its Northern Ontario Pilot Project (the “Project”). CFS has completed planting 92,000 Jack pine seedlings on 40 hectares of land during stage one of its first North American reforestation project, in coordination with Trees for Clean Air (TFCA). The total land in the Project area is 45 hectares. CFS in cooperation with TFCA will plant the remaining 5 hectares with fast-growing willows in early fall 2009, during stage two of the Project.
The Project is located in the City of Kapuskasing, in northern Ontario. The land was leased by CFS from by the City of Kapuskasing. In accordance to the terms of the agreement, the trees will continue to sequester carbon dioxide from the atmosphere in the Project area for a minimum of 100 years. The Project is currently undertaking a third-party validation from Rainforest Alliance, an organization accredited to conduct audits and verifications based on the Climate, Community, and Biodiversity Alliance (CCBA) design standards. CFS is confident that the Project will be the first project in Canada to be CCBA-accepted, as well as the first project in Canada to be successfully validated to CCBA design standards.
On March 30, 2009, CFS submitted a Project Design Document (PDD) to Rainforest Alliance, the independent auditor, for a preliminary validation assessment followed by delivery of the final PDD later this month to earn CCBA validation. CFS anticipates that nearly 17,000 high-quality carbon credits, validated to CCBA standards, will be generated from the Project and will be ready for sale in the Voluntary Market by late summer.
About CCBA
The Climate, Community and Biodiversity Alliance (CCBA) is a partnership between leading companies, non-governmental organizations (NGOs) and research institutions seeking to promote integrated solutions to land management around the world. With this goal in mind, the CCBA has developed voluntary standards to help design and identify land management projects that simultaneously minimize climate change, support sustainable development and conserve biodiversity. Website address http://www.climate-standards.org/ind...
About Trees for Clean Air
Trees for Clean Air Inc. (TFCA) is a reforestation and afforestation company that specializes in customized silviculture services for individuals and companies that want to offset carbon emissions. The company provides high-quality trees, expert planting, and tree cultivation services to achieve the clients target survival and growth rates. TFCA is incorporated under the laws of Ontario, Canada and is solely owned by Julie Culverhouse, a Registered Professional Engineer.
About Carbon Friendly Solutions Inc.
Carbon Friendly Solutions Inc. (CFS) is a project proponent that provides 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 wholly owned subsidiaries, Global CO2 Reduction Inc. and CO2 Reduction Poland Sp. z.o.o., CFS 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.
