The Outlook Brightens as Both Presidential Candidates and Key Congressional Leaders Vow to Curb Carbon Dioxide Emissions
Santa Barbara, CA - June 10, 2008 - Carbon Sciences, Inc. (CABN), the developer of a breakthrough technology to transform harmful carbon dioxide (CO2) into high value, earth-friendly products, today announced its support of regulations to curb emissions of carbon dioxide.
"The political winds have recently shifted in a direction that appears to be very favorable for companies, such as ours, that offer carbon mitigation solutions," stated Derek McLeish, CEO of Carbon Sciences. "Senators John McCain and Barack Obama, the presumptive presidential nominees of their respective political parties both favor regulation. On the Congressional level, the climate change bill sponsored by Senators Joe Lieberman, John Warner and Barbara Boxer has been praised as one of the most important pieces of legislation in a long time. We heartily endorse their efforts."
Last week, Senator McCain launched his November election campaign by vowing to free America from dependence on foreign oil and cited his plans to cut emissions and fight global warming -- a clear break from the current administration's energy policy. Democratic nominee, Senator Obama, also announced his support of plans to cap U.S. greenhouse gas emissions.
Active deliberation of legislation is favorable for Carbon Sciences. While the company's current business strategy does not depend on governmental legislation for initial commercial success, the passing of any form of legislation that would regulate carbon dioxide emissions could instantly open up a massive market for the company's breakthrough carbon transformation technology.
Mr. McLeish commented further, "We are in full support of these legislative efforts. Perhaps a successful bill may take a different shape than the current Senate proposal, but we believe that serious political action is highly likely to occur no later than early next year."
"We live in a very exciting time," continued Mr. McLeish. "Since announcing our clean-tech PCC strategy last month, we have received numerous inquiries from interested business partners. The outlook is very encouraging. There aren't many entrepreneurial opportunities in a person's lifetime where one can create great value while serving a noble cause. John Doerr, the legendary Silicon Valley venture capitalist, stated it well when he said that stopping global warming is the largest economic opportunity of the 21st century, and a moral imperative. We agree and are very excited to help meet this challenge."
About Carbon Sciences, Inc.
Carbon Sciences, Inc. is developing a breakthrough technology to transform harmful carbon dioxide (CO2) emissions from human created sources, such as power plants and industrial factories, into high value, earth-friendly products. The initial application of our patent-pending technology is targeted at a multi-billion dollar market. We are developing a proprietary process to transform CO2 emissions into a high value chemical compound, currently used in the production of paper, pharmaceuticals and plastics. Unlike existing methods of production, our process will be carbon neutral, use less energy and result in a lower cost product. To learn more about the Company, please visit our website at http://www.carbonsciences.com.