Latest news with #afforestation
Globe and Mail
16-07-2025
- Business
- Globe and Mail
CARBON DONE RIGHT DEVELOPMENTS INC. ANNOUNCES DELAY IN FILING OF ANNUAL FINANCIAL STATEMENTS AND APPLICATION FOR MANAGEMENT CEASE TRADE ORDER
VANCOUVER, BC, July 15, 2025 (GLOBE NEWSWIRE) -- Carbon Done Right Developments Inc. ("Carbon Done Right" or the "Company") (TSXV: KLX) (FSE: Q1C), a leading provider of high-quality carbon credits sourced exclusively from afforestation and reforestation projects developed and owned by the Company, announces that it will not meet the filing date for filing of the following continuous disclosure documents (collectively, the ' Documents '): the Company's Annual Audited Financial Statements for the year ended March 31, 2025, as required by Section 4.2 of National Instrument 51-102 - Continuous Disclosure Obligations (' NI 51-102 '); the Company's Management Discussion & Analysis for the year ended March 31, 2025, as required by Section 5.1(2) of NI 51-102; and certificates of the Chief Executive Officer and Chief Financial Officer of the Company relating to such audited annual financial statements as required by National Instrument 52-109 – Certification of Disclosure in Issuers' Annual and Interim Filings. The Company anticipates a delay in the filing of the Documents due to its recent change of auditor and the need to address certain transitional matters arising from that change. These matters have temporarily affected the coordination and progress of the audit process. The Company is actively working to resolve the outstanding issues and is allocating internal resources to support the completion of the audit. The Company remains committed to finalizing the Documents as soon as practicable and ensuring continued compliance with its disclosure obligations. The Company expects to file the Documents by September 30, 2025. Accordingly, the Company has applied to the British Columbia Securities Commission for a Management Cease Trade Order (' MCTO ') that will prohibit the management of the Company from trading in the securities of the Company until such time as the Documents are filed. There is no guarantee that a MCTO will be granted. If the MCTO is granted, the MCTO will prohibit the chief executive officer, the chief financial officer, and possibly the directors, other officers and other insiders of the Company from trading in securities of the Company for so long as the Documents are not filed. The issuance of such cease trade order does not generally affect the ability of persons who are not directors, officers or other insiders of the Company to trade in the Company's securities. No decision has yet been made by the British Columbia Securities Commission on this application. The British Columbia Securities Commission may grant the application and issue the Management Cease Trade Order or it may impose an issuer cease trade order if the Documents are not filed in a timely fashion. During the period of default and until filing of the Documents, the Company intends to satisfy the provisions of the alternative information guidelines as required by National Policy 12-203 – Management Cease Trade Orders. Until the Company has filed the Documents, members of the Company's management and other insiders are subject to an insider trading black-out policy as per its internal Insider Trading Policy that is consistent with the principles in Section 9 of National Policy 11-207 - Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions. About Carbon Done Right Carbon Done Right is an owner and operator of nature-based carbon assets that serves the growing demand for carbon credits from companies seeking to meet their Net Zero goals. The Company achieves this by investing in the exploration, restoration and management of terrestrial and marine systems that can either be protected to enhance the sequestration of greenhouse gases or restored from a degraded status to fully productive ecosystems. The Company's dedication to environmental stewardship and its robust pipeline of carbon credit projects makes it a trusted partner to the largest buyers of carbon credits in the world, in the fight against climate change. Carbon Done Right deploys capital at risk under various arrangements (including cooperation, assignment, and production sharing agreements) with government engagement in various suitable jurisdictions around the world including Sierra Leone, Yucatan, Guyana and Suriname. ON BEHALF OF THE BOARD OF DIRECTORS 'James Tansey' James Tansey Chief Executive Officer For further information please contact: Carbon Done Right Developments Inc. James Tansey, Chief Executive Officer Email: Cautionary Note Regarding Forward Looking Statements Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. This press release contains forward-looking statements and forward-looking information (collectively ' forward looking statements ') within the meaning of applicable securities laws. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as 'may', 'should', 'anticipate', 'will', 'intends' 'expects' and similar expressions which are intended to identify forward-looking information or statements. More particularly and without limitation, this press release contains forward looking statements and information concerning the Offering and the ongoing business of the Company. Carbon Done Right cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of Carbon Done Right including expectations and assumptions concerning the Company and the need for additional capital by the Company through financings, and the risk that such funds may not be raised. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Carbon Done Right. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. The forward-looking statements contained in this press release are made as of the date of this press release, and Carbon Done Right does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.
Emirates 24/7
15-07-2025
- Business
- Emirates 24/7
Dubai Municipality completes AED190 million landscaping projects
Dubai Municipality has completed a series of landscaping and afforestation projects across major intersections and roadways in the emirate during the first half of 2025. Valued at AED190 million and covering more than three million square metres, the projects form part of the Municipality's broader strategy to green and beautify Dubai, support the objectives of the Green Dubai initiative, and enhance the quality of life for residents and visitors in line with the Dubai 2040 Urban Master Plan. The landscaping works spanned several strategic locations, including the intersection of Al Khail Road with Latifa bint Hamdan Street; the intersection of Sheikh Zayed bin Hamdan Street with Tripoli Street; Sheikh Rashid Street from the junction with Sheikh Khalifa bin Zayed Street to Al Mina Road; Sheikh Zayed Road from the 7th Interchange (entry point to Dubai from Abu Dhabi); and Al Khawaneej Street at the intersection with Al Amardi Street. In total, the Municipality planted more than 300,000 trees and seedlings, along with 222,500 square metres of ground covers and flowers. The projects incorporated smart, sustainable irrigation systems featuring underground pump designs to optimise surface space. These systems are connected to remote-control networks supported by Internet of Things (IoT) technologies, enabling real-time monitoring and water-use efficiency to ensure sustainable irrigation practices. His Excellency Marwan Ahmed bin Ghalita, Director General of Dubai Municipality, said the new landscaping projects form part of the Municipality's ongoing efforts to enhance the urban and aesthetic appeal of Dubai and increase the sustainability and attractiveness of public spaces. The initiatives are aligned with the highest standards of innovative and sustainable landscaping practices and support the urban environment pillar of Dubai's Quality of Life Strategy 2033. He added: 'Our aim is to reinforce Dubai's distinctive urban and aesthetic identity and solidify its position as a leading sustainable global city. We seek to offer a vibrant and healthy living environment that upholds the highest standards of quality of life for residents and visitors, while maintaining a harmonious balance between the urban, architectural, and environmental landscape.' Bader Anwahi, CEO of the Public Facilities Agency at Dubai Municipality, said: 'The landscaping projects were developed in accordance with specific urban and environmental criteria, with a focus on selecting diverse plant species adapted to the local climate. This enhances the beauty and unique character of public spaces. We also increased the planting of native and ornamental species cultivated in Dubai Municipality's nurseries. In addition, we unified the aesthetic of Dubai's main entry points by installing similar decorative fencing, using carefully selected colour schemes that reflect the emirate's identity and provide visitors with a welcoming sense of arrival.' The projects incorporated the planting of native trees such as sidr, ghaf, and neem, alongside ornamental varieties including chorisia, washingtonia, royal poinciana, millingtonia, albizia, and bougainvillaea. In addition to landscaping works, Dubai Municipality further enhanced the appeal and aesthetic quality of the city's unique urban design, particularly at key intersections and main roads. For instance, the intersection of Al Khail Road and Latifa bint Hamdan Street was fitted with vertical lighting inspired by traditional Arab architecture. These lights are harmoniously integrated with the surrounding landscape design and change colours to mark national occasions, adding a distinctive visual element that reflects the city's creative design ethos. By the end of Q1 2025, Dubai Municipality was managing more than 5.5 million trees and seedlings, 8.7 million square metres of green areas, 2 million square metres of seasonal flowers, 6.3 million square metres of ground covers, and 1.3 million linear metres of plant fencing. In 2024 alone, the Municipality planted 216,500 trees—an average of 600 new trees per day. The total area of green space increased to 391.5 hectares in 2024, up from 234 hectares in 2023. These milestones reaffirm Dubai Municipality's commitment to sustainable urban development and its ongoing efforts to position Dubai as one of the world's most attractive, liveable, and environmentally conscious cities.
Arabian Business
14-07-2025
- General
- Arabian Business
Dubai completes $52m beauty project with 300,000 trees and smart irrigation tech
Dubai Municipality has completed a sweeping series of landscaping and afforestation projects across major roads and intersections in the emirate during the first half of 2025, investing AED190m ($51.7m) to beautify more than three million square metres of urban space. The works are part of Dubai's wider Green Dubai initiative and align with the Dubai 2040 Urban Master Plan, aimed at enhancing environmental sustainability, improving quality of life, and reinforcing the city's status as a global leader in urban innovation. The landscaping efforts covered key corridors and entry points to the city, including Al Khail Road and Latifa bint Hamdan Street; Sheikh Zayed bin Hamdan and Tripoli Street; Sheikh Rashid Street to Al Mina Road; 7th Interchange of Sheikh Zayed Road (Abu Dhabi entry) and Al Khawaneej and Al Amardi Street. Dubai Municipality beauty projects In total, the Municipality planted more than 300,000 trees and seedlings, along with 222,500sq m of ground covers and flowers. The beauty projects also incorporated smart, sustainable irrigation systems featuring underground pump designs to optimise surface space. These systems are connected to remote-control networks supported by Internet of Things (IoT) technologies, enabling real-time monitoring and water-use efficiency to ensure sustainable irrigation practices. The projects incorporated the planting of native trees such as sidr, ghaf, and neem, alongside ornamental varieties including chorisia, washingtonia, royal poinciana, millingtonia, albizia, and bougainvillaea. Marwan Ahmed bin Ghalita, Director General of the Municipality, said: 'Our aim is to reinforce Dubai's distinctive urban and aesthetic identity and solidify its position as a leading sustainable global city. 'We seek to offer a vibrant and healthy living environment that upholds the highest standards of quality of life for residents and visitors, while maintaining a harmonious balance between the urban, architectural, and environmental landscape.' In addition to greenery, Dubai Municipality integrated architectural design elements to elevate the city's visual identity. At the Al Khail and Latifa bint Hamdan intersection, vertical lighting installations inspired by traditional Arab architecture were added. These lights change colour to mark national events and blend with surrounding landscape design. Dubai Municipality's broader afforestation and landscaping efforts have accelerated rapidly: Metric Value (as of Q1 2025) Total trees and seedlings managed 5.5m Green areas 8.7 million sqm Seasonal flowers 2 million sqm Ground cover 6.3 million sqm Plant fencing 1.3 million linear metres Trees planted in 2024 216,500 (600/day avg) Increase in green space (2023–2024) +157.5 hectares (from 234 to 391.5 ha) Bader Anwahi, CEO of the Public Facilities Agency at Dubai Municipality, said: 'The landscaping projects were developed in accordance with specific urban and environmental criteria, with a focus on selecting diverse plant species adapted to the local climate. 'This enhances the beauty and unique character of public spaces. We also increased the planting of native and ornamental species cultivated in Dubai Municipality's nurseries. 'In addition, we unified the aesthetic of Dubai's main entry points by installing similar decorative fencing, using carefully selected colour schemes that reflect the emirate's identity and provide visitors with a welcoming sense of arrival.' Dubai Municipality's efforts are part of a broader transformation to position Dubai among the world's most liveable, environmentally conscious, and aesthetically distinctive cities.
Khaleej Times
14-07-2025
- Business
- Khaleej Times
Dubai: Over 300,000 trees, seedlings planted at key intersections in first half of 2025
Dubai Municipality has planted over 300,000 trees and seedlings, alongside 222,500sqm of ground covers and flowers during the first half of 2025, as part of its landscaping and afforestation initiative. The initiative, valued at Dh190 million and spanning more than 3 million sqm, covers key intersections and roadways, including the intersection of Al Khail Road with Latifa bint Hamdan Street; the intersection of Sheikh Zayed bin Hamdan Street with Tripoli Street; Sheikh Rashid Street from the junction with Sheikh Khalifa bin Zayed Street to Al Mina Road; Sheikh Zayed Road from the 7th Interchange (entry point to Dubai from Abu Dhabi); and Al Khawaneej Street at the intersection with Al Amardi Street. To promote sustainability, the Municipality installed smart irrigation systems featuring underground pump designs to optimise surface space. These systems are connected to remote-control networks supported by Internet of Things (IoT) technologies, enabling real-time monitoring and water-use efficiency to ensure sustainable irrigation practices. Marwan Ahmed bin Ghalita, Director General of Dubai Municipality, said the new landscaping projects form part of the Municipality's ongoing efforts to enhance the urban and aesthetic appeal of Dubai and increase the sustainability and attractiveness of public spaces. 'Our aim is to reinforce Dubai's distinctive urban and aesthetic identity and solidify its position as a leading sustainable global city. We seek to offer a vibrant and healthy living environment that upholds the highest standards of quality of life for residents and visitors, while maintaining a harmonious balance between the urban, architectural, and environmental landscape," Marwan explained. Watch the video below, as shared by Dubai Media Office: Dubai Municipality completes a series of landscaping and afforestation projects across major intersections and roadways in the emirate during the first half of 2025. Valued at AED190 million and covering more than three million square metres, the projects form part of theâ�¦ — Dubai Media Office (@DXBMediaOffice) July 14, 2025 Meanwhile, Bader Anwahi, CEO of the Public Facilities Agency at Dubai Municipality, said: 'The landscaping projects were developed in accordance with specific urban and environmental criteria, with a focus on selecting diverse plant species adapted to the local climate. This enhances the beauty and unique character of public spaces." "We also increased the planting of native and ornamental species cultivated in Dubai Municipality's nurseries. In addition, we unified the aesthetic of Dubai's main entry points by installing similar decorative fencing, using carefully selected colour schemes that reflect the emirate's identity and provide visitors with a welcoming sense of arrival," he further explained. The projects incorporated the planting of native trees such as sidr, ghaf, and neem, alongside ornamental varieties including chorisia, washingtonia, royal poinciana, millingtonia, albizia, and bougainvillaea. In addition to greenery, aesthetic enhancements were made, including vertical lighting at Al Khail and Latifa bint Hamdan Street, designed to evoke traditional Arabic architecture and change colours for national celebrations. These efforts build on earlier milestones: by the end of Q1 2025, the Municipality managed over 5.5 million trees, 8.7 million m² of green space, 2 million m² of seasonal flowers, 6.3 million sqm of ground cover, and 1.3 million linear metres of plant fencing. In 2024 alone, 216,500 trees were planted — an average of 600 per day — bringing total green space to 391.5 hectares, up from 234 hectares in 2023.
Zawya
14-07-2025
- Business
- Zawya
Dubai Municipality completes $51.7mln landscaping projects
Dubai Municipality has completed a series of landscaping and afforestation projects across major intersections and roadways in the emirate during the first half of 2025. Valued at AED190 million and covering more than three million square metres, the projects form part of the Municipality's broader strategy to green and beautify Dubai, support the objectives of the Green Dubai initiative, and enhance the quality of life for residents and visitors in line with the Dubai 2040 Urban Master Plan. The landscaping works spanned several strategic locations, including the intersection of Al Khail Road with Latifa bint Hamdan Street; the intersection of Sheikh Zayed bin Hamdan Street with Tripoli Street; Sheikh Rashid Street from the junction with Sheikh Khalifa bin Zayed Street to Al Mina Road; Sheikh Zayed Road from the 7th Interchange (entry point to Dubai from Abu Dhabi); and Al Khawaneej Street at the intersection with Al Amardi Street. In total, the Municipality planted more than 300,000 trees and seedlings, along with 222,500 square metres of ground covers and flowers. The projects incorporated smart, sustainable irrigation systems featuring underground pump designs to optimise surface space. These systems are connected to remote-control networks supported by Internet of Things (IoT) technologies, enabling real-time monitoring and water-use efficiency to ensure sustainable irrigation practices. Marwan Ahmed bin Ghalita, Director General of Dubai Municipality, said the new landscaping projects form part of the Municipality's ongoing efforts to enhance the urban and aesthetic appeal of Dubai and increase the sustainability and attractiveness of public spaces. The initiatives are aligned with the highest standards of innovative and sustainable landscaping practices and support the urban environment pillar of Dubai's Quality of Life Strategy 2033. He added, 'Our aim is to reinforce Dubai's distinctive urban and aesthetic identity and solidify its position as a leading sustainable global city. We seek to offer a vibrant and healthy living environment that upholds the highest standards of quality of life for residents and visitors, while maintaining a harmonious balance between the urban, architectural, and environmental landscape.' Bader Anwahi, CEO of the Public Facilities Agency at Dubai Municipality, said, 'The landscaping projects were developed in accordance with specific urban and environmental criteria, with a focus on selecting diverse plant species adapted to the local climate. This enhances the beauty and unique character of public spaces. We also increased the planting of native and ornamental species cultivated in Dubai Municipality's nurseries. In addition, we unified the aesthetic of Dubai's main entry points by installing similar decorative fencing, using carefully selected colour schemes that reflect the emirate's identity and provide visitors with a welcoming sense of arrival.' The projects incorporated the planting of native trees such as sidr, ghaf, and neem, alongside ornamental varieties including chorisia, washingtonia, royal poinciana, millingtonia, albizia, and bougainvillaea. In addition to landscaping works, Dubai Municipality further enhanced the appeal and aesthetic quality of the city's unique urban design, particularly at key intersections and main roads. For instance, the intersection of Al Khail Road and Latifa bint Hamdan Street was fitted with vertical lighting inspired by traditional Arab architecture. These lights are harmoniously integrated with the surrounding landscape design and change colours to mark national occasions, adding a distinctive visual element that reflects the city's creative design ethos. By the end of Q1 2025, Dubai Municipality was managing more than 5.5 million trees and seedlings, 8.7 million square metres of green areas, 2 million square metres of seasonal flowers, 6.3 million square metres of ground covers, and 1.3 million linear metres of plant fencing. In 2024 alone, the Municipality planted 216,500 trees—an average of 600 new trees per day. The total area of green space increased to 391.5 hectares in 2024, up from 234 hectares in 2023. These milestones reaffirm Dubai Municipality's commitment to sustainable urban development and its ongoing efforts to position Dubai as one of the world's most attractive, liveable, and environmentally conscious cities.
