-
Zurich Diamond League: five events to watch
-
France eases cow diets as cheesemakers sweat
-
'Black smoke' chokes Pakistan maternity ward as hospital fire kills 14 infants
-
America unites in mourning for Dolly Parton
-
French flight attendant wins landmark breast cancer ruling
-
Meta and US states discuss settlement in landmark social media trial: report
-
Sri Lanka 83-2 after India enforce follow-on in second Test
-
Fire haze threatens health of millions in Indonesia, ministry warns
-
Pakistan hospital fire kills 14 infants
-
Senegal-made sickle cell treatment raises hopes, reduces costs
-
Iceland to vote on resuming EU talks in close referendum
-
Iran says Hormuz strait still closed despite transit corridor talks
-
North Korea to 'bring joy' to Kim with 100 athletes at Asian Games
-
'Our patron saint': Tennesseans mourn local hero Dolly Parton
-
US LGBTQ community mourns 'diva' Dolly Parton
-
Australian police hunt thieves in $250,000 oyster heist
-
England bid to banish booze woes as Pakistan seek self-respect
-
Coordinated attacks: Thailand's southern insurgency flares
-
High quality, low risk: record number of Japanese in Premier League
-
Asian Games chiefs hold talks as participant numbers balloon
-
Stocks edge higher as oil drops on fresh Mideast hopes
-
Too small for fries: drought shrinks Belgian potatoes
-
Pakistan's girls fight for their place in the boxing ring
-
Drought-hit Danube gives way to fossil hunt in Bulgaria
-
Five things to know about Anthropic ahead of Wall Street debut
-
Julia Curlee, CIA officer fired by White House for being transgender
-
Social media use on the rise among Australian under-16s after ban: data
-
Fave or flop? A guide to gauging video game success
-
Eagle Plains Reports Anomalous Radioactivity from First Drillholes at the Don Lake Uranium Project, Saskatchewan
-
InterContinental Hotels Group PLC Announces Transaction in Own Shares - August 26
-
Instagram chief admits touting teen safety tool while omitting it was barely used
-
Williams-Alcaraz fall in US Open mixed quarter-finals
-
'Final Fantasy', 'The Witcher' in spotlight at Europe gaming bash
-
Mark Carney, the former central banker who said 'no' to Trump
-
Syrian Kurdish leader dissolves force that spearheaded jihadist fight
-
Segner out of South Africa tour as New Zealand injuries pile up
-
Trump raises prospect of demolishing iconic Kennedy Center
-
Meta knew teen safety tools were ineffective, witnesses testify
-
PGA Tour to end in two-week matchplay showdown from 2028: CEO
-
Williams and Alcaraz win opener at US Open mixed doubles
-
United States of Dolly: how a country queen bridged America's divide
-
Man Utd's Fernandes crowned PFA player of the year
-
PGA chief says 'no current plans' for LIV stars to return
-
Dolly Parton: quotes on life, love and music
-
Golf giant Callaway apologizes after ad sparks outcry
-
Brazil fines TikTok $30 mn in 'powerful signal' over child safety
-
Ioane stars as New Zealand recover to beat Johannesburg Lions
-
Cameroon's Baleba joins as Man Utd boost midfield options
-
Ukrainians seeking beauty in a bomb-scarred city
-
US country music legend Dolly Parton dies at 80
Ostrom Climate Exits Existing UPRIIS ERPA Arrangements
BURNABY, BC / ACCESS Newswire / December 18, 2025 / Ostrom Climate Solutions Inc. ("Ostrom" or the "Company") (TSXV:COO)(Frankfurt:9EAA), a leading provider of carbon project development, net-zero climate solutions, and carbon credit marketing and trading, today announced that it has entered into a mutual settlement and termination agreement with its counterparty to fully exit the Emission Reduction Purchase Agreement ("ERPA") originally executed on April 17, 2024, in respect of the Climate-Smart Agriculture Project in the Upper Pampanga region of the Philippines ("UPRIIS"). The ERPA is terminated effective December 8, 2025. Due to confidentiality obligations, further settlement details cannot be disclosed.
Strategic Rationale
The decision reflects Ostrom's refined strategy to prioritize compliance-oriented carbon markets, where the Company sees stronger long-term commercial and financing opportunities. As regional compliance mechanisms continue to develop, including emerging frameworks such as Japan's Joint Crediting Mechanism ("JCM"), the Company intends to reposition UPRIIS via a phased approach under an ultimate compliance-driven structure rather than its prior voluntary-market design.
Management Commentary
"Ostrom's new strategy is focused on high-integrity, compliance-focused carbon markets," said Navdeep Dhaliwal, Chairman & CEO of Ostrom. "Exiting the prior ERPA allows us to realign the UPRIIS project under this strategy and pursue pathways that we believe offer stronger long-term value for our shareholders. UPRIIS remains a highly promising rice methane-reduction initiative, and we look forward to advancing it under this new strategic direction."
Ostrom will provide further updates on UPRIIS as development plans progress.
About Ostrom Climate Solutions Inc.
Ostrom is one of North America's leading providers of carbon project development, net-zero climate solutions, and carbon credit marketing and trading. Over the past 12 years, Ostrom has validated and verified forest carbon projects globally for voluntary and regulated markets, having developed 16 million acres of forest land for conservation and monetized over 10 million carbon credits. Based out of British Columbia, Canada, the Ostrom team has a global reach, has worked with over 200 organizations globally, including Fortune 500 companies, managed projects in partnership with indigenous stakeholders and has extensive on-ground experience in emerging markets.
Ostrom is focused on developing high-quality carbon projects that have a positive impact on the environment, local communities and biodiversity. Ostrom is publicly listed on the TSX Venture Exchange (COO) and the Frankfurt Stock Exchange (9EAA).
Please visit us at www.ostromclimate.com.
To receive corporate updates via e-mail, please subscribe here.
For more information regarding the Company, please contact:
Navdeep Dhaliwal
Chairman & Chief Executive Officer
Ostrom Climate Solutions Inc.
380-4111 Hastings St, Burnaby, BC V5C 2J3, Canada
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this Release.
Cautionary Statement Regarding Forward Looking Statements
This news release contains certain statements that may be deemed "forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
SOURCE: Ostrom Climate Solutions Inc.
View the original press release on ACCESS Newswire
R.Garcia--AT