Carbon Streaming Corp (OTC: MXVDF) this morning announced that it has entered into a joint venture arrangement. The venture has been formed with that of WilsonZinter Enterprises, with the firm focused on discovering First Nations investment opportunities.
More specifically, the focus of the joint venture will be to source and finance such opportunities in collaboration with First Nations. The venture will seek to develop projects within Aboriginal territories to combat climate change via reducing emissions, as well as to support biodiversity protection and social programs. Once completed, the projects will then sell related carbon credits once validated and certified.
Working together, the two firms are to meet with First Nations officials for discussions focused on financing and developing offsetting projects, while also partnering with First Nations communities. The projects are expected to emphasize natural resource management, including forestry management, biodiversity protection, wetland restoration, and reforestation.
“This joint venture not only demonstrates our sustained commitment to our shared environment and the communities that depend on them, it presents a unique opportunity to work with a female-Indigenous owned organization, demonstrating our commitment to supporting equal opportunity business relationships.”
Justin Cochrane, President & CEO
WilsonZinter is a BC-based First Nations business helmed by Candice Wilson and Amanda Zinter. Together, the duo has spent a decade reviewing industrial and environmental projects and assessments for the Haisla Nation of BC. The company is experienced in both environmental and social responsibility, with this joint venture set to be an extension of such practices.
Carbon Streaming Corp last traded at $2.75 on the OTC Markets.
FULL DISCLOSURE: Carbon Streaming Corp is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Carbon Streaming Corp on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
The Grocery Grift: Why Toronto and New York Are About to Light Taxpayer Money on Fire