Carbon Streaming (TSE:NETZ) has released an update.
Carbon Streaming Corporation has announced a significant legal victory as the State Administrative Court of Jakarta ruled the Indonesian Government’s revocation of their Rimba Raya Project’s forest license invalid. While the decision can still be appealed within 14 days, the current ruling allows project activities to continue. The company had previously valued the Rimba Raya Stream at zero due to the license revocation but will reassess in light of recent developments.
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