DevvStream

DevvStream ($DESG) Signs Multi-Year Carbon Credit Agreement with Major Logistics and Marketing Firm

28 March 2024

DevvStream (NEO: DESG), a sustainability-focused carbon credit company, has announced a comprehensive multi-year agreement with a major logistics and marketing firm to sell 25,000 compliance carbon credits, with an option to sell an additional 100,000 credits. 

The credits will be generated under Canada's Clean Fuel Regulations program and used to supply credits to advanced vehicle technologies like EV charging stations. DevvStream says it plans to deliver the first credits before year end.

The program is part of Canada's climate plan, which aims to reduce emissions and promote clean technologies. The program targets a 15% reduction in transportation fuel carbon intensity below 2016 levels by 2030, aligning with Canada's Emissions Reduction Plan.

Sunny Trinh, CEO of DevvStream stated: "This Agreement reflects the strong demand for CFR credits and DevvStream's commitment to fostering long-term relationships with commercial buyers to incentivize innovation and adoption of clean technologies and expand the use of low-carbon intensity fuels throughout the economy.”

DevvStream, a publicly traded technology-based sustainability company, is advancing the development and monetization of environmental assets focused on carbon markets.

Shares of DevvStream trade on the NEO exchange under the ticker symbol DESG. For more information visit www.devvstream.com

Disclaimer

This video is not financial advice and should not be taken as financial advice. This video is for information, education and entertainment purposes only. Green Stock News is not responsible for any losses related to the financial decisions made by you. Video content is based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. Green Stock News is not responsible for any gains or losses that result from the opinions expressed in this video or in other materials that it publishes electronically. Green Stock News has been compensated US$15,000 by DevvStream for advertising services.

 

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