RedChip features Planktos, Corp. (PLKT.OB) which is a for-profit ecorestoration company based in San Francisco with offices in the European Union and British Columbia.
Their primary focus is to restore damaged habitats in the ocean and on land. Through iron-stimulated plankton blooms in the oceans and afforestation projects in Europe, they are able to generate carbon credits. They then sell these offsets to individuals and businesses that are looking to reduce their carbon footprint and lower their impact on climate change. The profits from the sale of these carbon credits finance further ecosystem restoration projects.
The Company engages in developing and delivering ecorestoration solutions to slow the catastrophic decline of ocean and terrestrial ecosystems driven by the escalating surplus of CO2 emissions from fossil fuels.
The Planktos “greener solutions” projects include the creation of tens of thousands of hectares of new climate forests within the national park systems of the European Union and the pioneering of ocean restoration technologies to rehabilitate decimated marine ecosystems.
The work of Planktos is best described as the restoration and nurturing of the native green plants both in terrestrial forests and amongst the phytoplankton plant communities that sustain all higher life forms in the seas.
While most people know that our great forest ecosystems are seriously endangered, few understand that tiny ocean plants are even more vital to planetary health and they are an in even more dramatic decline.
The world’s rainforests are being steadily felled at the rate of 1% per year, which is a great eco-tragedy for the 2% of the planet they cover. But ocean plants are disappearing at the same 1% per year rate and this is occurring all across the 72% of the planet that is covered by the seas.
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