re coldry usa, page-10

http://thesustainabilityreport.com.au/draft-carbon-tax-legislation-faithful-but-tricky-in-details/786/


Joint Venture partners in funding Coldry PLANTS receive a valuable asset.

so if ECT have a 10% or more equity in a coldry plant as part of the new term sheet an additional revenue in carbon permits will be allocated which it then can sell to banks???

"Another issue to be aware of is that only liable entities can surrender carbon permits to cover greenhouse gas emissions. This means that, if the joint venturers bear that liability, they will need to surrender the permits necessary to cover that liability. If the operator buys permits on their behalf, then it will have to transfer legal title to the permits to the joint venturers, rather than being able to simply surrender those permits on behalf of the joint venturers,? Anderson said. That opens the possibility of taxation implications as carbon permits represent a valuable asset"