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Marciano Dasai - 1 Dasai - 1 Jake Spring - 1 Aurora Ellis - 1
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☆ Suriname seeks $30 per credit in first Paris Agreement carbon sale -minister
  + stars: | 2023-10-10 | by ( Jake Spring | Thomson Reuters | Jake Spring Reports Primarily On Forests | ) www.reuters.com   time to read: +3 min
This will be a basis for protecting our forest," Dasai said. But countries only agreed to a carbon trading rulebook in United Nations climate talks in December 2021, with trading yet to begin. Suriname's forest credits are generated using a baseline it registers with the United Nations stating how much carbon stock its forest contains. If the country protects its forest so the carbon stock rises, every additional metric ton of carbon dioxide absorbed can be packaged as one carbon credit. Dasai said he hopes other rainforest nations can follow their lead in selling ITMO carbon credits to unlock the necessary financing.
Persons: Marciano Dasai, Dasai, Jake Spring, Aurora Ellis Organizations: Spatial, REUTERS, SAO PAULO, Suriname's, Reuters, Paris, Nations, United Nations, Thomson Locations: Paramaribo, Paris, Suriname, Nations
☆ Trinidad prepared to reject BP, Shell offshore exploration bids -sources
  + stars: | 2022-12-28 | by ( Curtis Williams | ) www.reuters.com   time to read: +2 min
REUTERS/Ranu Abhelakh/File PhotoCompanies Bp Plc FollowShell PLC FollowPORT OF SPAIN, Dec 28 (Reuters) - Trinidad and Tobago is preparing to reject four offshore exploration bids by BP Plc (BP.L) and Shell Plc (SHEL.L), according to people familiar with the matter, because they failed to meet the government’s minimum requirements. If not, the blocks will not be awarded, officials at the Ministry of Energy and the Cabinet told Reuters. The Caribbean country urgently needs new gas supplies to boost its liquefied natural gas (LNG) production. The Energy Ministry objected to the offers' conditional commitment to drill new wells and what it described as a meager signing bonus. BP’s president for Trinidad and Tobago operations, David Campbell, had urged movement on the bids saying BP needs to access deepwater fields for future output.
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