Big Tree Carbon has reached a settlement with Agoke Development LP, receiving $591,900 to close out a promissory note. The company foregave approximately $127,503 in accrued interest to facilitate the repayment of the principal amount. The settlement follows a failed attempt to implement a forest carbon offset project covering 974,000 hectares in the Ogoki Forest. Despite favorable assessment reports on sequestration potential, the project could not reach a fundable stage, leading to the dissolution of the financial arrangement.
