Posted on 28 March 2012.
Outstanding Shares: 24.4M
Greenlite Ventures Inc. (GLTV) is a Hot Penny Stock carbon offset marketing company, founded in 2000 and based in Blaine, Washington, which provides voluntary and compliance markets with solutions to reduce carbon footprint through global restoration projects.
Carbon offsetting is the decreasing of emissions from greenhouse gases or carbon dioxide created to atone or to offset emissions produced elsewhere. Compliance markets, composed of governments or companies on a larger scale, must purchase carbon offsets to conform with the allowance limit of total amount of carbon dioxide it is able to emit as said by the Kyoto Protocol that is aimed to fight global warming. Similarly, individuals, companies or governments that create the voluntary market, purchase carbon offsetting to reduce personal greenhouse emissions from electricity use or transportation.
In order to mitigate carbon footprint, GLTV’s global restoration project focuses on reforestation, and through its marketing agreement with United Nature, GLTV is planting teak trees in the southern region of Panama. However, GLTV long term goal is to become involved in other carbon offsetting methods such as deforestation and degradation.
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