Star Royalties CEO Alex Pernin joined Steve Darling from Proactive to share news the company has agreed to a very unique agreement with Blue Source that will create premium, verified carbon offset credits that will reward the adoption of regenerative agriculture practices by North American farmers.
Pernin telling Proactive the agreement will allow Locus Agricultural Solutions to incentivize regenerative agriculture practices on 320,000 acres of farmland. The company is expecting this pilot phase to result in over 500,000 carbon offset credits per annum commencing in 2023. Pernin says that could generate annual revenues equivalent to approximately 100,000 carbon offset credits from this project.