Changing Political Climate May Create Massive Market Opportunity for Carbon Sciences
The Outlook Brightens as Both Presidential Candidates and Key Congressional Leaders Vow to Curb Carbon Dioxide Emissions
SANTA BARBARA, CA--(Marketwire - June 10, 2008) - Carbon Sciences, Inc. (OTCBB: 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
Carbon Sciences, please visit our website at http://www.carbonsciences.com.
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.
Contact Information: Contact:
Media Relations
John Reed
415-846-4862