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BluForest Inc.: Obama Vetoes E.U. Levied Carbon Tax on US Airlines
By: Marketwired .
Dec. 3, 2012 10:07 AM
QUITO, ECUADOR -- (Marketwire) -- 12/03/12 -- BluForest Inc. (OTCBB: BLUF) (OTCQB: BLUF) ("BluForest" or the "Company"), an emerging leader in the field of Carbon Trading and Renewable Energy notes that President Obama is still committed to reducing carbon energy in light of his signing a recent bipartisan bill vetoing a European Union carbon tax levied on US Airlines flying to Europe.
Charles Miller, Chief Executive Officer and Director of BluForest, Inc., stated, "BluForest believes that President Obama will continue to work towards reducing reliance on carbon energy sources during his second term in office, despite his signing of a bipartisan bill that vetoes an E.U. levied carbon tax on US Airlines flying into Europe. We at BluForest believe that this recent bill signing is to protect US Carriers by keeping to the existing protocol of a multilateral forum for international aviation issues."
President Obama has said he's going to continue his crusade against carbon energy in a second term. This is despite his Tuesday signing a bipartisan bill shielding U.S. airlines from paying a carbon tax merely for flying to Europe.
The European Union imposed its scheme to tax foreign airlines this year. This tax had ignored the usual multilateral forum for dealing with international aviation issues. The move drew a furious reaction from China and U.S. airlines, which estimated the tax would cost them $3.1 billion through 2020. The costs would be passed along to airline passengers.
In September the Senate passed by rare unanimous vote a bill directing the Transportation Secretary to protect U.S. carriers from the air tax if he deems it necessary, and the House followed upon returning after the election.
"The Obama Administration is firmly committed to reducing harmful carbon pollution from civil aviation both domestically and internationally," said a White House spokesman on Tuesday, but "the application of the EU tax to non-EU air carriers is the wrong way to achieve that objective."
The basic principle underlying all proposed REDD (Reducing Emissions from Deforestation and forest Degradation) mechanisms is: Funds are provided to developing countries for reducing emissions from deforestation or forest degradation. The respective countries have to implement policies and programs which reduce deforestation and forest degradation. Any approach that reduces deforestation and degradation could in theory be applied. Some possible examples for such measures are: governments strengthen law enforcements, have better fire management and practice sustainable forest management or change laws to stop large-scale logging or forest conversion activities like plantations. What this means is that under REDD schemes new kinds of "carbon protected areas" would be created over large areas of forests, with the main objective to cut CO2 emissions by avoiding deforestation and degradation of these forests. In the REDD Market the standard unit of value and measure is: 1 Carbon Credit = 1 Ton of Carbon.
BluForest is entering a rapidly evolving industry that offers investors the opportunity to get involved during the early stages of a marketplace poised for significant returns with mitigated risks. In addition to the voluntary carbon market which is demonstrating significant growth resulting from awareness and social responsibility, the Carbon Credit regulatory markets in Europe, Australia, California, Mexico and several other jurisdictions are also experiencing substantial growth. These indicators and the potential developments within the EU all point to a clear message: 'The time to invest in BluForest, an ethical company positioned to capitalize on this growth has never been better!'
Our initial land assets rank amongst the most valuable in the world. Their location within a government protected National Park places them on a level above most competitors who often face risks associated with permanence and other influences beyond their control.
About BluForest Inc. BluForest Inc. is a development stage company that is a publically traded carbon offsets marketing and renewable energy company. BLUF is executing its strategy to become a leading marketer of carbon offsets in the voluntary markets under the UN principle of Reducing Emissions from Deforestation and forest Degradation (REDD+). The BluForest website provides further information about the company which prospective investors are encouraged to visit.
Safe Harbor Act Notice: Statements contained herein that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, the company's ability to obtain additional financing and the demand for the company's products. Any investment in the company would be extremely speculative and involve a high degree of risk and should not be pursued unless the investor could afford to lose their entire investment. Before investing, please review this filing, all past public filings with the SEC, all current Pinksheets.com filings and consult a registered broker dealer or contact the financial industry regulatory authority ("FINRA") for more information regarding locating a qualified party to assist in making an investment decision. The company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the company's success are more fully disclosed in the company's most recent public filings with the U.S. Securities and Exchange Commission. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
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