Business
Climate Cure Expands its 100 Year Carbon Sink Project with Ghana’s Vision 2050 Forestry to 500,000 Acres and 200,000,000 Trees
Climate Cure Expands its 100 Year Carbon Sink Project with Ghana’s Vision 2050 Forestry to 500,000 Acres and 200,000,000 Trees.
About this update from Stereo Vision Entertainment, Inc.
[{"type":"text","content":"Climate Cure Capital Corporation, a StereoVision wholly-owned subsidiary, announced today that they had completed an agreement with Ghana’s Vision 2050 Forestry LTD to expand their existing 100-year 25,000-acre 5,000,000 tree carbon sink project in Ghana to 500,000 acres and 200,000,000 trees.“We want to extend our sincere thanks to the entire Vision 2050 Forestry consortium for delivering this 100-year 200,000,000 tree deal. This is a win for the Vision 2050 Forestry consortium and the StereoVision shareholders,” said StereoVision’s CEO Jack Honour. “This Northeastern African country is well-positioned for our carbon sink. Our Ghana tree plantation will provide over 1,500 forest maintenance and reforestation jobs locally. With northern Africa’s prevailing east to west winds that frequently form hurricanes off the Cape Verde Islands and then track them to the U.S., our carbon sink will help sequester carbon in the air generated by Africa’s manufacturing industries before the air is piped across the Atlantic into the US.“Our estimation is that the 200,000,000 trees will sequester approximately one quarter ton of carbon per tree per year. This could sequester as much as fifty million tons of carbon annually,” Honour added. “While the voluntary carbon credits market is a volatile one, with so many countries and major corporations striving to be carbon neutral (Google, Microsoft, FedEx, etc.) we believe the demand for carbon credit’s will be strong for some years to come. Today’s market price for nature based voluntary carbon offset credits is approximately $8.82 per ton. https://carboncredits.com/carbon-prices-today/ Climate Cure Capital will provide for the Ghana project’s carbon credit registration and certification and manage the plantations carbon credits distribution and trading. Vision 2050 Forestry will manage the forest maintenance and reforestation. 50% of the revenue from the carbon credit’s sale will go directly to the Ghanian people and 50% of the revenue will go to StereoVision’s wholly owned subsidiary, Climate Cure Capital Corporation.”StereoVision Entertainment Inc. http://stereovision.com is a publicly-traded Nevada company (OTC:SVSN) utilizing its award-winning team of industry professionals in the areas of (1) climate change mitigation through its wholly-owned subsidiary Climate Cure Capital™ http://climatecureca...