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Equinox Carbon Equities™ Attracts $20 Million Private Investor
Emerging Leader in $118 Billion Carbon Equity Market Enters into Letter of Intent with GEOSUMMIT, LLC for Up to 40 Percent Interest
ZEPHYR COVE, Nev.---Equinox Carbon Equities™ (http://www.equinoxcarbonequities.com) announced that GEOSUMMIT, LLC has signed a Letter of Intent to purchase up to 40 percent interest in the company at the price of $20 million dollars. Equinox authorized 200,000 shares of special convertible preferred stock to be designated as $100 each.
"Equinox is positioned to lead environmental commodities efforts through a sound investment strategy that utilizes new technology, encourages conservation, and demands financial responsibility," said GEOSUMMIT signator, Lou Khem.
Equinox is an active trader and marketer of environmental commodities in both the voluntary and compliance markets on a world-wide basis. Equinox develops projects through manufacturing environmental commodities, putting them into its retail brokerage, and then in turn, placing those profits into a carbon fund to leverage more project investments by its development company.
"This influx of new capital will support our future plans, which include agreements for projects in the United States, Mexico, Ukraine, Vietnam, Turkey, Greece, the Czech Republic and Cypress," stated Billy Barnwell, president of Equinox. "These include Landfill Methane Offset and Flare Projects, Solar PV, fuel additives, trash to energy, oil field, animal waste, sewage treatment and other projects that have the potential to generate emission reductions."
The carbon market has exponentially expanded from a $1 billion industry in 2004, to $118 billion in 2008, according to New Carbon Finance, a leading provider of high-quality research and analysis across all of the worlds carbon markets.
The Kyoto Protocol and its next incarnation, the Copenhagen Protocol sets standards for its participating countries to mitigate climate change, through legal commitments, to reduce emissions. Countries can earn carbon offset (credit) for activities such as using renewable energy to generate power, offsetting polluting power generation, or creating a new forest or lagoon. A credit typically represents a reduction of one metric ton in the emissions of equivalent carbon dioxide (CO2e), a measure for describing how much global warming a given type and amount of greenhouse gas may cause, using the functionally equivalent amount or concentration of carbon dioxide (CO2) as the reference.
Countries that earn credits can sell these commodities on the open market and/or trade on the New York Mercantile Exchange (Nymex), Chicago Climate Futures Exchange (CCX) and the London Stock Exchange (LSE). The buyers for these commodities are both compliance buyers such as power generators, cement factories, steel and iron foundries and other large users of power.
Equinox currently offers the following services:
- Finance funding for the carbon registration process as well as providing funding sources for project development;
- Brokerage assisting both buyers and sellers of carbon credits in effectively executing transactions in various global markets;
- Strategy Consulting providing expert evaluations of greenhouse gas positions and strategies to maximize revenue;
- Project Development creating and developing multiple carbon reduction projects;
- Project Design and Engineering providing a single point of contact for coordinating the various disciplines necessary for project development;
- Independent Verification and Monitoring Protocol Services ensuring the best verification and validation services available through partnerships with the Center for Carbon Trading®;
- New Methodologies providing the scientific research and data necessary to qualify the project under UNFCCC regulations;
- Greenhouse Gas Foot printing measuring the exact greenhouse gas quantities produced to help develop a specific strategy to handle current and future regulations; and
- Eco-Branding assuring that projects will be in existence for years to come.
Equinox Carbon Equities™ is headquartered in Zephyr Cove, Nev., with project development and brokerage offices in Costa Mesa, Calif. Established as a Nevada Limited Liability Company in February 2008; it became a Nevada Corporation in February 2009. The company offers a wide range of services and projects focusing on environmental commodities and is the result of more than 40 years of combined experience in project design, management, and implementation in the renewable energy field. For more information, call 949-309-4645 or www.equinoxcarbonequities.com.
Contacts:
Equinox Carbon Equities
Michelle Blanchfield, 775-636-8665
michelle@equinoxcarbonequities.com
or
Weidinger Public Relations
Phil Weidinger, 775-588-2412
dinger@weidingerpr.com
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