SANTA BARBARA, CA -- (Marketwire) -- 06/11/12 -- Carbon Sciences Inc. (OTCBB: CABN), the developer of breakthrough technologies to make transportation fuels, hydrogen and other valuable products from natural gas, today commented on a report by The New York Times that banks and big investors have dramatically increased their financial commitments to green technology firms that address environmental concerns. Carbon Sciences could benefit from this new focus on clean tech by major financial institutions.
'We can confirm the uptick in clean tech interest reported today by The New York Times,' said Byron Elton, CEO of Carbon Sciences. 'During the last few months we have been approached by a number of major energy related companies and strategic investors interested in our natural gas technologies. The natural gas boom drives much of this interest. However, certain investors are looking ahead to the need to reduce greenhouse-gas emissions and how our technology can be used to transform CO2 into transportation fuels.'
Today, The New York Times reported what it referred to as 'the greening of Wall Street.' In the wake of a $30 billion commitment to new environmental investments by Wells Fargo in April and a $40 billion promise from Goldman Sachs this month, Bank of America will announce a 10-year, $50 billion initiative of its own.
Facing bad publicity on practically every front, the big banks are highlighting what has quietly become a hot growth area in recent years -- backing projects and companies in sectors like renewable energy, emissions reduction and reduced-carbon transportation.
There is a new hunger for capital among green companies, as well as new interest on the part of investors. At the same time, new regulations are requiring companies to raise money and invest in new technologies that reduce greenhouse-gas emissions. In addition, the banks are capitalizing on federal tax credits being offered to encourage investment in renewable energy.
Elton concluded, 'Interest in clean tech investments is high in the U.S., but for most clean tech companies this is a global market. We are now engaged in discussions with companies from all over the world.'
About Carbon Sciences Inc.
Innovating at the forefront of chemical engineering, Carbon Sciences is developing a breakthrough technology to make cleaner and greener transportation fuels, hydrogen and other valuable products from natural gas. Our highly scalable, clean-tech process will enable the world to reduce its dependence on petroleum by transforming abundant and affordable natural gas into gasoline, diesel and jet fuel, and other products, such as hydrogen, methanol, pharmaceuticals, solvents, fertilizers, pesticides and plastics. The key to this process is a breakthrough catalyst that can reduce the cost of reforming natural gas into synthetic gas (syngas), the most costly step in making products from natural gas.
Safe Harbor Statement
Matters discussed in this press release contain statements that look forward within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words 'anticipate,' 'believe,' 'estimate,' 'may,' 'intend,' 'expect' and similar expressions identify such statements that look forward. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the statements that look forward contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These statements that look forward are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
Coltrin & Associates (for Carbon Sciences)
212-221-1616 ext. 102