Carbon Streaming Adds New Management to Execute on Growing Pipeline and U.S. Listing Strategy
October 05, 2021 at 07:00 am EDT
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Carbon Streaming Corporation announced the addition of two strategic leadership roles which will greatly assist the Company in developing and executing on its growing investment pipeline as well as pursuing its potential U.S. listing in the first half of 2022. Geoff Smith(President and Chief Operating Officer)brings the benefit of over 15 years of M&A and corporate finance experience having advised on or financed many of the largest and most complex and innovative streaming transactions in the past 10 years. Geoff joins Carbon Streaming from his role as Managing Director for Scotiabank’s Investment Banking Division; his team was critical to both structuring and financing billions of dollars of royalties and streams in the natural resource sector. The addition of Mr. Smith to the team comes at a key time as management prepares for a potential U.S. listing and looks to execute on its growing investment pipeline. Derek Sawkins(EVP, Investments & Strategy) has over 15 years of experience in business development, M&A, corporate finance and principal investing in the technology, resource, and private market sectors. Most recently, Derek served as Senior Vice President of Corporate Development and Strategy at INVIDI Technologies Corporation. Derek spent six years in the investment banking group at National Bank of Canada where he advised on mergers, acquisitions and financings across diversified industries including resource, forestry, clean tech and energy technology. With these appointments, Mr. Smith becomes President and COO and is responsible for overseeing strategic financing initiatives and global operations for the Company. Mr. Sawkins will be a key member of Carbon Streaming’s investment team and will be responsible for implementing the Company’s strategy in sourcing carbon projects for development and executing on the Company’s investment pipeline. Mr. Cochrane will continue to lead Carbon Streaming through the execution of its strategy to become the premiere source of financing for developers of carbon offset projects, and the monetization of those credits to assist corporations in their pursuit of a net-zero carbon economy. These additions will also allow Mr. Cochrane to remain focused on the outreach to investors and new markets.
Carbon Streaming Corporation is a Canada-based carbon credit streaming and royalty company. The Company is a supplier of credits to corporate buyers and a funding partner of choice to carbon project developers around the world. The Company is focused on acquisition and sale of carbon credits. Its portfolio includes Rimba Raya, Cerrado Biome, Community Carbon, Sustainable Community, Sheep Creek Reforestation, Magdalena Bay Blue Carbon, Nalgonda Rice Farming, Waverly Biochar, Enfield Biochar and Bonobo Peace Forest. Rimba Raya, located on the island of Borneo in Indonesia, protects and preserves tropical lowland peat swamp forests, which have carbon-storing capacity. The Cerrado Biome project is located in the Cerrado biome. Community Carbon provides solutions to various households in eastern and southern Africa through seven projects, delivering cookstoves in Mozambique, Uganda and Tanzania and distributing water purification devices in Malawi, Mozambique, Uganda and Zambia.