Teck and Ocean Regenerative Collaborate to Use Seaweed to Grow Trees
October 31 2022 - 1:30PM
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK)
(“Teck”) and Ocean Regenerative Aquaculture, Inc. (“ORA”) today
announced a joint research project to study how seaweed can be used
to enhance forest health and accelerate tree growth. The project,
which supports Teck’s goal to become a nature positive company by
2030, will test the efficacy of using seaweed to enhance the health
of tree species that are native to areas where Teck is
rehabilitating former mining areas. The project will also assess
how seaweed can increase the ability of forests to capture and
store carbon.
“This unique research project supports Teck’s efforts to become
nature positive and contribute to tackling the global challenges of
nature loss and climate change,” said Jonathan Price, CEO, Teck.
“We’re looking forward to working with Ocean Regenerative to
advance this innovative initiative using seaweed to accelerate
reclamation and carbon sequestration.”
Ocean Regenerative will lead research on applications of
seaweed-derived extracts to improve the growth and durability of a
range of tree species intended for reforestation as part of the
rehabilitation of mined land at Teck’s operations. The project will
also seek to demonstrate the potential for enhanced carbon capture
and sequestration during terrestrial forest growth.
“Teck and Ocean Regenerative are working with nature to create
the opportunity for marine and land-based forests to thrive through
innovative, human-assisted symbiosis,” said David Parker, CEO,
Ocean Regenerative. “This project will demonstrate that ecosystem
regeneration can be achieved and scaled to create healthier, faster
growing terrestrial forests that result in enhanced long-term
carbon sequestration through a nature positive solution.”
With over 200,000 kilometres of marine coastline and over 3.5
million square kilometers of forests, Canada is uniquely positioned
to develop the expertise and share knowledge that will contribute
to nature positive solutions at scale. The Teck – ORA partnership
will support research in reforestation at Teck mine sites aimed to
enable improved resilience and carbon capture and
sequestration.
For Teck, working to become nature positive means that by 2030,
Teck’s conservation, protection and restoration of land and
biodiversity will exceed the disturbance caused by its mining
activities from a 2020 baseline. In doing so, Teck will conserve or
rehabilitate at least three hectares for every one hectare affected
by its mining activities. Learn more about Teck’s commitment to
becoming Nature Positive: click here
Media downloads: Teck reclamation images
Forward Looking Statements This news release
contains certain forward-looking information and forward-looking
statements as defined in applicable securities laws (collectively
referred to as forward-looking statements). These statements relate
to future events or our future performance. All statements other
than statements of historical fact are forward-looking statements.
The use of any of the words “will”, “intend”, “expect”, and similar
expressions is intended to identify forward-looking statements.
These statements involve known and unknown risks, uncertainties and
other factors that may cause actual results or events to differ
materially from those anticipated in such forward-looking
statements. These statements speak only as of the date of this news
release.
These forward-looking statements include, but are not limited
to, statements relating to: the efficacy of seaweed-derived
extracts in improving the health, growth and durability of tree
species; our goal to become a nature positive company by 2030 and
the actions we intend to take to achieve this goal, including our
commitments to conserve or rehabilitate at least three hectares for
every one hectare affected by mining activities; and our net-zero
climate strategy. Actual results and developments are likely to
differ, and may differ materially, from those expressed or implied
by the forward-looking statements contained in this news release.
Such statements are based on a number of estimates, projections,
beliefs and assumptions which are inherently uncertain and
difficult to predict and may prove to be incorrect, including but
not limited to expectations and assumptions concerning: the
availability of land or other opportunities for conservation,
rehabilitation, or capacity building in appropriate locations on
commercially reasonable terms and the ability to obtain any
required external approvals or consensus for such opportunities;
our ability to successfully implement our technology and innovation
strategy; the performance of new technologies in accordance with
our expectations; our ability to achieve our nature positive and
biodiversity goals and our climate strategy and the longer term
impacts of those goals and strategies on our business;
environmental compliance costs generally; and assumptions regarding
the development of our business generally and general economic
conditions. Factors that may cause actual results to vary include,
but are not limited to, actual biodiversity and climate change
consequences; unavailability of land or other opportunities for
conservation, rehabilitation or capacity building on commercially
reasonable terms or inability to obtain any required external
approvals or consensus for such opportunities; changes in laws and
governmental regulations or enforcement thereof that impact our
operations, goals or strategy and changes in commodity price, costs
or general economic conditions.
We caution you that the foregoing list of important factors and
assumptions is not exhaustive. Other events or circumstances could
cause our actual results to differ materially from those estimated
or projected and expressed in, or implied by, our forward-looking
statements. Inherent in forward-looking statements are risks and
uncertainties beyond our ability to predict or control. Further
information concerning risks, assumptions and uncertainties
associated with these forward-looking statements and our business
can be found in our most recent Annual Information Form filed under
our profile on SEDAR (www.sedar.com) and on EDGAR (www.sec.gov)
under cover of Form 40-F, as well as subsequent filings that can
also be found under our profile. We assume no obligation to update
forward-looking statements except as required under securities
laws.
About TeckAs one of Canada’s leading mining
companies, Teck is committed to responsible mining and mineral
development with major business units focused on copper, zinc, and
steelmaking coal. Copper, zinc and high-quality steelmaking coal
are required for the transition to a low-carbon world.
Headquartered in Vancouver, Canada, Teck’s shares are listed on the
Toronto Stock Exchange under the symbols TECK.A and TECK.B and the
New York Stock Exchange under the symbol TECK. Learn more about
Teck at www.teck.com or follow @TeckResources.
About Ocean Regenerative Aquaculture:Ocean
Regenerative has considerable expertise in the research and
development of seaweed amendment product applications in
reforestation and quantifying carbon capture and sequestration.
Ocean Regenerative works with Indigenous Peoples, research
institutions, and conservation organizations in Canada to advance
sustainable harvesting, cultivation and regeneration of sea forests
of Macrocystis pyrifera, commonly known as giant kelp – the fastest
growing (up to 60cm/day) and largest (up to 60 metres in length) of
kelp species – in places where it has historically grown in nature.
Because of its exceptional growth rate, giant kelp can capture
significant quantities of carbon quickly. Various types of extracts
of seaweeds contain nutrients and unique compounds that when
refined and applied enable improved plant growth and resistance to
biotic and abiotic stresses, while simultaneously promoting
positive enhancements of soil microbiota, thereby adding to soil
regeneration, improved plant growth and carbon sequestration.
Teck Media Contact:Chris StannellPublic
Relations Manager604.699.4368chris.stannell@teck.com
Teck Investor Contact:Fraser PhillipsSenior
Vice President, Investor Relations and Strategic
Analysis604.699.4621fraser.phillips@teck.com
Ocean Regenerative Media Contact:David
ParkerPresident &
CEO604.649.4149davidparker@oceanregenerative.com
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