Capturiant Launches With No-Drill Carbon Credit Product Velda Addison
Source: https://www.yahoo.com/video/capturiant-launches-no-drill-carbon-110500594.html
Author: Velda Addison
Capturiant serves as the validator, clearinghouse and distributor of the product that sells and tracks these so-called keep-in-the-ground credits. Besides the oil and gas sectors, it can also be applied to the power, mining and petrochemicals sectors, Row said. The product, in the case of oil and gas, is Bad Carbon’s GEMS process of sequestering fossil fuel deposits. Bad Carbon is the product creator and generates the base GEMS product. Valuation and analytics firm Clear Rating, the company that assesses Hart Energy’s ESG Award nominees, released an economic analysis of the GEMS process. Similar to other extractive processes, the analysis states GEMS evaluates discovered minerals along with plans to produce and sell them on the market. However, it also alerts upstream owners to the realized value of selling carbon credits if the mineral deposits are sequestered. The developer must obtain a resource report containing the quantity of minerals deposited and detailed validation/verification from an independent qualified third-party auditor, before the carbon credits can be marketed to buyers, according to the analysis.