QUITO, ECUADOR--(Marketwire - Dec 5, 2012) - BluForest Inc. (OTCBB: BLUF) (OTCQB: BLUF)
BluForest Inc. ("BluForest" or the "Company"), an emerging leader in the field of Carbon Trading and Renewable Energy, has become intrigued after reports of "indigenous leaders from across the Amazon endorsed efforts to save endangered rainforest using financial mechanisms that reward good land stewardship and reduce greenhouse gas emissions from deforestation and forest degradation (REDD)." 1
Charles Miller, Chief Executive Officer and Director of BluForest Inc., stated, "It is both encouraging and exciting to see the Indigenous People work towards saving their lands in a traditional yet revolutionary way."
An article by Steve Zwick states that "The 'Indigenous REDD' effort emerged in 2011 and is being spearheaded by the Coordinator of Indigenous Organizations of the Amazon Basin (COICA), which coordinates nine national indigenous organizations spread across the Amazon. It aims to incorporate REDD into the emerging 'Life Plans' being developed by indigenous groups across the Amazon. Such plans, like the one that sparked the creation of the Surui REDD Project, map out decades-long paths to prosperity and independence for indigenous peoples." 2
COICA economic coordinator Juan-Carlos Jintiach has stated that the COICA members oversee 212 million hectares and have clear title to 170 million hectares of forest land yet only Ecuador, Columbia, and Brazil -- recognize their land titles at the constitutional level.
About BluForest Inc.: BluForest 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.
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