Carbon Streaming Faces Rimba Raya Project Uncertainty

Carbon Streaming (TSE:NETZ) has released an update.

Carbon Streaming Corporation has reported on the temporary suspension of the Verra registry account for the Rimba Raya project due to questions about its Forest Utilization Business License’s status and the project’s management. The Indonesian Government’s license revocation is currently halted by a court order, allowing project activities to continue pending a final decision expected in June 2024. The financial impact of these developments led the company to value the Rimba Raya Stream at nil for the last quarter.

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