C-Lock Technology Acquires Carbon Credit Corp.
C-Lock Technology, Inc., a subsidiary of Evergreen Energy Inc., has completed the acquisition of British Columbia-based Carbon Credit Corp. in a cash and share swap valued at approximately US$1.8 million, according to a Jan. 7 press release.
CCC will be renamed C-Lock Technology-Canada, a subsidiary of C-Lock Technology, Inc. of Denver, and will continue its two lines of business: a greenhouse gas (GHG) strategic consulting practice using the CarbonSmart process and a carbon dioxide (CO2) measurement and monetization business that uses the Carbon Credit Asset Management System (CCAMS) measurement tool.
Carbon Credit Corp. specializes in defining CO2 measurement and sustainable management strategies for a wide range of applications, including forest conservation, sustainable agriculture, and enterprise carbon footprint reporting.
"The carbon offset market in North America is about to take off," said Shawn Burns, company founder. "Canada and its provinces are moving quickly ahead with regulatory carbon offset programs, and there is much anticipation regarding the introduction of new federal carbon regulation in the United States. We are now ideally poised to realize the potential of this rapid growth market opportunity."