Operator Elizabeth Metis Settlement, Bluesource Canada ULC
Location Alberta, Canada
Stage Development 
Commodity Federal Output-Based Performance Standards (OBPS) Carbon Offset Credit
Terms 40.5% Gross Revenue Royalty1 from Elizabeth Metis Settlement’s revenue share from the creation and sale of carbon offset credits
Note 1: Royalty covers the entire Elizabeth Metis Settlement Forest Carbon Offset Project and has a term of the earlier of: 1) 10 years commencing on the date Elizabeth Metis Settlement receives any gross revenue from the monetization of carbon offset credits, or 2) the date hereof until the first 225,000 carbon offset credits are issued and sold in connection with the Elizabeth Metis Settlement Forest Carbon Offset Project.


  • The Government of Canada has mandated minimum standards for carbon pricing across Canada and implemented a federal program applied to greenhouse gas (GHG)-emitting industrial facilities in several provinces, including Alberta
  • Reforestation and the conservation of the boreal forest are creating carbon offsets as trees absorb atmospheric CO2 through photosynthesis and sequester the CO2 into their biomass
  • Bluesource, one of largest developers and marketers of carbon offset credits in North America, is assisting Elizabeth Metis Settlement in developing its forest carbon sequestration project with the intent of generating carbon offset credits that can be sold to federally regulated industrial emitters
  • The Elizabeth Metis Settlement Carbon Offset Project covers a forested area of 15,457 hectares and has the potential to sequester significant amounts of COper year
  • The future financial benefits derived from the monetization of these carbon offset credits, net of expenses, will be split with the majority going to Elizabeth Metis Settlement and the remainder to Green Star Royalties