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Global Resource Energy Inc. Purchases 66,000 Certified Emission Reduction Credits (CER)
By: PR Newswire
Jan. 17, 2013 12:14 PM
LAS VEGAS, Jan. 17, 2013 /PRNewswire/ -- Global Resource Energy Inc. (OTCQB-GBEN) is pleased to announce the pre-purchase of 66,000 Certified Emission Reduction Credits from BluForest Inc. (BLUF). Total purchase price of $660,000.00 is to be paid to BluForest in the form of 3,000,000 restricted shares of Global Resource Energy Inc.
Robert Baker, President & CEO of Global Resource Energy Inc. (OTCQB-GBEN) is excited about the potential this opportunity provides to both GBEN and BLUF as part of their business models for the reduction of greenhouse gas emissions and enhanced pollution control for our planet.
Charles Miller President & CEO of BluForest Inc. said, "BluForest is happy about the sale of the CERs, and looks forward to a potential working relationship with a clean energy company that shares the same vision and goals as BluForest."
About BluForest Inc.
BluForest is a publicly traded carbon offsets marketing company that is setting a new standard for sustainable business in carbon offset credit trading. Our management team is forged from a partnership of vast business and life experience with a common, unifying goal: Creating a sustainable, profitable business that strives to protect the world's irreplaceable rainforests while striving always to have a positive impact on people's lives.
Certified Emission Reductions (CERs) are a type of emissions unit (or carbon credits) issued by the Clean Development Mechanism (CDM) Executive Board for emission reductions achieved by CDM projects and verified by a DOE under the rules of the Kyoto Protocol. CERs can be used by Annex 1 countries in order to comply with their emission limitation targets or by operators of installations covered by the European Union Emission Trading Scheme (EU ETS) in order to comply with their obligations to surrender EU Allowances, CERs or Emission Reduction Units (ERUs) for the CO2 emissions of their installations. CERs can be held by governmental and private entities on electronic accounts with the UN. CERs can be purchased from the primary market (purchased from original party that makes the reduction) or secondary market (resold from a marketplace). At present, most of the approved CERs are recorded in CDM Registry accounts only. It is only when the CER is actually sitting in an operator's trading account that its value can be monetized through being traded. The UNFCCC's International Transaction Log has already validated and transferred CERs into the accounts of some national climate registries, although European operators are waiting for the European Commission to facilitate the transfer of their units into the registries of their Member States. Temporary CERs and Long CERs are special types of CERs issued for forestry projects. They are two ways of accounting for non-permanence in forestry CDM project activities. Temporary CER or tCER is a CER issued for an afforestation or reforestation project activity under the CDM which expires at the end of the commitment period following the one during which it was issued. Long-term CER or lCER is a CER issued for an afforestation or reforestation project activity which expires at the end of its crediting period.
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.
On behalf of the Board of Global Resource Energy Inc.
Global Resource Energy Inc.
SOURCE Global Resource Energy Inc.
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