BluForest Inc: Europe’s Largest Insurer Considers Carbon Credits Purchase in …

Original Publication: Carbon Future
QUITO, Ecuador ,

BluForest Inc. (OTCBB: BLUF) (OTCQB: BLUF)

Matthew Carr of reported that Europe’s largest insurer, Allianz SE, has been considering “expanding its business of buying carbon emission credits after getting enough of the certificates from a project in Indonesia to help offset its own emissions.”1

According to the report Nicolai Tewes, a spokesperson for Allianz, stated, “We think it’s an investmentopportunity,” however this depends on the availability of projects and willing buyers.

The credits were created by a tract of land which was set aside in Indonesia to prevent deforestation. The reserve prevents approximately 90 million metric tons of emissions over a period of 30 years. The spokesperson did not provide details of the deal, including how many credits they are considering to purchase.

The article further states that the reserve, known as Rimba Raya, generated 2.2 million verified carbon units from July 1, 2009, through June 30, 2010, the project’s first year, according to a statement from SCS Global Services, the independent auditor hired to verify the reductions.2

About BluForest IncBluForest 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 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 investmentdecision. 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 BluForest Inc.


2 Ibid.

Article source:

SCS Media Contact

Linda Brown | Senior Vice President
SCS Global Services
To find out more, contact Linda Brown, or call 510.452.8010.