Common Stock Application
October 28, 2020 - Miami, Florida - Rainforest Resources Inc. (RRIF) through its subsidiary Rainforest del Ecuador announces that their application for VCUs (Verified Carbon Units) is underway. Two projects will be registered with VERRA (Verified Carbon Standard program), the world´s largest and leading voluntary program for the certification of GHG emission reduction projects. Both projects are under development following the strict standards and guidelines to qualify for the CCB Program (CCB = Climate, Community and Biodiversity), the leading framework for assessing land management projects that create net-positive benefits for climate change mitigation, local communities and biodiversity.
When carefully designed, land management projects can improve livelihoods, create employment, protect traditional cultures and endangered species, help secure tenure to lands and resources, increase the resiliency of ecosystems and help to combat climate change. The CCB Program was created to foster the development and marketing of projects that deliver credible and significant climate, community and biodiversity benefits in an integrated, sustainable manner.
The CCB Standards are used to certify such climate, community, and biodiversity benefits. The CCB Program promotes excellence and innovation from the earliest stages of project design and development to minimize risks, guarantee sustainability and generate multiple benefits that also create valuable goodwill and other ancillary returns for investors. The CCB Standards are the leading standard used in conjunction with VCS agriculture, forestry and land use projects, commanding preferential market access. Projects that meet the CCB Program rules and requirements are likely to garner preferential investment and even a price premium from investors or offset buyers who support multiple-value projects and best-practice projects.
Through effective planning and implementation, all of these positive outcomes can be achieved cost-effectively.
Regarding the first CCB Project under development, which revolves around the conservation of the 11,448 hectare Sumak Sacha Forest, as of this press release, calculations performed by Rainforest del Ecuador approximate a potential 1,419,414.73 tons of certifiable carbon in the whole of the forest.
For the second CCB Project, La Casa del Oso (The Bear´s House) involving the 9,190 hectare Ukumari Cloud Forest, calculations approximate a potential of 1,654,200 tons of certifiable carbon.
This Press Release contains certain forward-looking statements that are based on management’s expectations, estimates, projections and assumptions. Words such as “expects” “anticipates” “plans” “believes” “scheduled” “estimates” and variations of these words and similar expressions are intended to identify forward-looking statements, which include but are not limited to projections of revenues, earnings, segment performance, cash flows, contract awards, and stability. Forward-looking statements are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors beyond the control of management. All forward-looking statements speak only as of the date of this release, or, in the case of any documents incorporated by reference, the date of that document. All subsequent written and oral forward-looking statements attributable to the company or any person acting on the company’s behalf are qualified by the cautionary statements in this section. The company does not undertake any obligation to update or publicly release any revisions to forward looking statements to reflect events, circumstances or changes in expectations after the date of this report.
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