Carbon offsets and credits

Happy to answer any specific question, but this process itself takes close to 15 to 20 months.

base case, right? Because there's so much data involved, there's so much science involved, and more importantly, nature itself takes time, right? There are some solutions which can yield carbon credits faster.

There are some solutions that take three to four years to yield carbon credits, right? But we are here at Equilibrium to make sure that, you know, through the entire process, we handhold the farmers and we make sure that, you know, they see their yield improvements, they see, you know, the carbon outcomes as well.

So that's on the nature side.

Hi,

So let's start with a simple question.

Tell our audience what equilibrium is about in your own words.

Yeah, Equilibrium is a full-stack carbon removal platform, right? Essentially, what we really do is we work with companies across the globe who have net zero budgets and net zero targets, and we deliver to them high-quality carbon credits, right? Along the process...

Absolutely.

Just lastly, before you go, I just want you to explain to people for a moment what we've uncovered relating to carbon credits.

Now, this is a very complicated issue, but instead of focusing on cost moving forward with net zero projects, the government wants to focus on environmental, biodiversity or even First Nations economic benefits.

In summary, how does this work?

Well, how it works is that basically the government, and they shouldn't be involved in this anyway, provide carbon credits.

And the idea is that this is done on the least cost way or in the least cost way.

Instead, they've decided that what they're going to do is they're going to change that so that the taxpayer won't get the best value for money in doing this, that they can preference... environmental groups or First Nation groups.

Um, we-- Similar to the, you described, like, just taking a small chunk with the electric vehicles, not converting everything at once, we like to sort of test the waters and get some experience and some learning from a small piece of this as well.

So, uh, we, we started back in 2015, um, and we made sure to involve campus stakeholders in the development of our carbon offsetting programs, and we had them involved before we even decided that, like, yes, we're going to pursue carbon offsets.

So, uh, we...

Once we had a group of, um, faculty, staff, and students who worked up for about ten months as part of a work group, um, and they decided that it made sense to start using offsets specifically for our air travel.

So that one is already in the works.

Carbon credits, I'm going to be honest, I'm not a big fan of it.

But you know what? There are buyers on the other side.

And if you have buyers, we can help farms get in contact with that.

I think that it's very interesting what you guys have come up with.

It's been a big lift in the last few months here, yeah.

So let's go to the forbidden or nasty topic of carbon credits.

Now, when they first were introduced to the market, they were a scam.

[laughs]

He's got b- he's got these businesses where he takes your carbon footprint and you gotta sell it back, carbon credits and all this kind of deal.

I don't even understand that.

Do you understand that, Dan? Where he's got these things that scrub the air and, like, I don't, if you s- if you-