Climate Tech Start-Up Nature’s Vault Announces Former President of Seychelles, James Alix Michel, as Senior Advisor
Nature’s Vault announces that former president of the Seychelles, James Alix Michel, will be joining the company as a Senior Advisor.
The newly launched Climate-Tech start-up, Nature’s Vault, develops innovative and impactful ESG investments that combat climate change, namely greenhouse gas emissions and ecosystem degradation. The company’s first project, the Legacy Token, aims, ultimately, to acquire the mining rights over, and pledge not to mine at least one million ounces of gold, located in environmentally pristine locations across Canada. It’s the first blockchain solution to tokenize quantified, unmined gold reserves. The company has already acquired the first 125,000 ounces at a location called Pistol Lake in Ontario and is in active negotiations on their second acquisition. This preservation of gold is then tokenized as the Legacy Token or NVLT.
Its second project, the SAWA Project, is also underway. The SAWA project is a carbon removal and food security solution for Southeast Asia. Its primary focus is on Indonesia, where greenhouse gas emissions resulting from crop residue result in significant amounts of carbon dioxide. The SAWA project addresses these problems through the diversion of crop residue waste to create BioChar, a carbon sink and soil amendment. We purchase waste biomass directly from farmers, providing additional income streams, and then return a portion of the BioChar produced back to farmers to promote the health of their fields.
Commenting on his new position as a senior advisor to Nature’s Vault, President Michel said “As President of the Seychelles my work was dedicated to environmental protection and the preservation of natural capital, so I am excited to lend my expertise to a team that shares a similar ambition on a global scale. Nature's Vault is working on new and innovative tools to fight against climate change, which underline the importance of these ecosystems as nature-based solutions.”
“We’re honoured to have someone with the depth of experience that President Michel has in the space of conservation and ocean sustainability joining our team. As an advisor his guidance will be critical in helping Nature’s Vault achieve its mission of mitigating climate change,” said CEO and founder of Nature’s Vault, Phil Rickard.
President Michel will be providing guidance for Nature’s Vault with regards to ESG, ocean sustainability, and involvement in the Blue Economy. He joins Senior Advisors Scott Deatherage, Fabian De La Fuente, Paul Matysek, and Ng Lip Chih.