Environment Minister Christine Stewart, who is leading the Canadian delegation at the climate change conference in Buenos Aires, and Ralph Goodale, Minister of Natural Resources Canada, both voiced their approval of Suncor Energy's involvement in the project. It is designed to protect sub-tropical forest in the Mayan forest region of northwest Belize from being cleared and converted to farmland. The new phase of the Rio Bravo Project adds 7,000 hectares of forest, bringing the total protected area to 50,000 hectares. Suncor Energy committed to supporting the project earlier this year. George says through this and other actions, Suncor Energy hopes to demonstrate that the risk of climate change can be addressed in an environmentally, socially and economically responsible way.
Forests play a dual role in climate change.
The Rio Bravo Carbon Sequestration Pilot Project is expected to generate a net carbon benefit of over 1.3 million tons. Suncor Energy common shares are listed for trading on the Toronto, Montreal and New York stock exchanges. The Nature Conservancy is a private, international, nonprofit organization established in 1951 to preserve plants, animals and natural communities that represent the diversity of life on Earth by protecting the lands and waters they need to survive. Programme for Belize is a private, non-profit, Belizean, conservation organization dedicated to linking development and conservation through education and sound business practices. Suncor Energy Inc.