AurCrest Gold provides Corporate Update

About this update from Big Tree Carbon Inc

[{"type":"text","content":"AurCrest Gold provides Corporate UpdateTORONTO, ON / ACCESSWIRE / May 25, 2020 / AurCrest Gold Inc. (the \"Company\" or \"AurCrest\") (TSX-V: AGO) wishes to provide the following update with respect to its recent press releases. AurCrest has been in business since 2001 and, although it has been publicly trading for approximately 20 years, management believes there has never been a better time to consider taking an equity position - one reason for this is the potential for a moderate to rapidly growing income stream with respect to developments in the carbon offset markets as described below.THE CARBON OFFSET MARKETAurCrest established a long-term relationship with Blue Source Canada ULC (\"Bluesource\"), a North American leader in the substantial albeit largely unrecognized carbon offset business. Pursuing its long-term goal to integrate its business with First Nations, AurCrest now acts as a partnership bridge to connect capital markets with Forest Carbon Offset opportunities amongst Indigenous communities.Entities such as power plants, cement plants and airlines (\"Emitters\") emit greenhouse gasses (\"GHGs\"), mainly carbon dioxide (\"CO2\"), and others, such as forests (\"Users\"), reduce the levels of CO2 in the atmosphere. The carbon offset market and its attendant programs and regulations were designed and put in place by the governments of countries, states and provinces to assist in reducing GHG levels by placing an imposition on Emitters and rewarding the Users. The EU, South Korea and, in particular, the State of California, are among those who mandated what are referred to as \"Cap and Trade\" programs/policies. Certain large identified and regulated emitters are obliged to ‘offset' their gas emissions by purchasing, in the carbon offset market, an equivalent level of CO2 that has been deemed captured and/or sequestered by qualified forests.The ‘California Cap and Trade Program' (\"CATP\"), initiated and enforced by the powerful California Air Resource Board, is important and of particular interest in this context for reasons that include:It was the first ‘multi-sector' program of its type in North America.It is directly linked with similar programs in the Provinces of Ontario (cancelled - new rewrite pending) and Quebec.Offsets can be traded between respective related jurisdictions.A ‘car...

More updates from Big Tree Carbon Inc