Lac Seul First Nation Forest Carbon Project
16% gross revenue royalty on the sale of carbon credits from Lac Seul First Nation’s forest project in Ontario
Lac Seul First Nation, Big Tree Carbon Inc., Anew Climate LLC
Federal Output-Based Performance Standards (OBPS) Carbon Credit
16% Gross Revenue Royalty on Big Tree Carbon’s carbon credit revenue share
(with a Right of First Refusal on any forest carbon sequestration within the overall Lac Seul Forest Management Unit)
- The Government of Canada has mandated minimum standards for carbon pricing across Canada and implemented a federal program applied to greenhouse gas-emitting industrial facilities in several provinces, including Ontario.
- Reforestation and the conservation of the boreal forest through improved forest management practices are creating carbon offsets through the combination of trees not being logged and their subsequent absorption of atmospheric CO2 through photosynthesis and sequestration of CO2 into their biomass.