Vida Carbon announces sales agreement with Shell

By Vida Carbon Corp. | August 09, 2022

Vida Carbon Corp. ("Vida Carbon" or the "Company") is pleased to announce that it has entered into a sales agreement (the "Agreement") with Shell Energy North America (Canada), Inc. ("Shell"). First delivery of carbon credits covered by the Agreement is expected in late 2023.

Veljko Brcic CEO of Vida Carbon Commented: "At Vida Carbon we invest in high quality carbon credit projects, an indispensable tool for reducing and removing greenhouse gas emissions globally. Entering into this agreement with Shell represents a significant milestone for the company and demonstrates a growing awareness of the role of carbon credits as an essential tool in combating climate change. We look forward to a strong and mutually beneficial relationship with Shell."    

The execution of the Agreement delivers on Vida Carbon's targeted shareholder returns and establishes a strong working relationship with Shell, one of the leaders in the energy transition space.

About Vida Carbon Corp.

Vida Carbon is a leading carbon credit royalty & streaming company focused on financing high quality sustainable carbon credit projects globally. Vida Carbon is well capitalized and growing rapidly. Vida's portfolio of carbon credit generating assets are diversified across jurisdiction and project type and are operated by highly experienced and reputable project developers.

The Company's mission is to build long-term, mutually beneficial relationships with carbon credit operators and developers in exchange for exposure to the future value created through the production of carbon credits. All projects supported by Vida Carbon bring economic and social benefits to the regions in which they operate.