CALGARY,
AB, June 15, 2023 /PRNewswire/ - Frontera
Energy Corporation (TSX: FEC) ("Frontera" or the "Company")
announces that it has joined the One Trillion Trees (1t.org)
movement launched by the World Economic Forum in Davos,
Switzerland, in January 2020, with the global goal of conserving,
restoring and growing one trillion trees by 2030.
It is estimated that six trillion trees covered the planet. Now
only half remain and an additional 15 billion trees are lost
annually. In order to contribute to solving this problem, Frontera
Energy has pledged to the 1t.org movement to preserve and restore
2,500 hectares of biological corridors in environmentally strategic
areas of influence by 2027, equivalent to approximately 2.6 million
trees.
Orlando Cabrales Segovia, CEO of
Frontera Energy, stated: "We are dedicated to implementing
actions that promote environmental sustainability, including
reforestation, and contributing to a positive climate change
solution. We are proud to join this global movement as
environmentally conscious stewards in our operations."
"We welcome Frontera to the 1t.org community," said
Nicole Schwab, Director of 1t.org
and Nature-Based Solutions at World Economic Forum. "Trees and
forests are a crucial part of the solution to the climate crisis
and biodiversity collapse. That's why companies, civil society and
governments must continue to work together for the conservation and
restoration of our forests."
About Frontera
Frontera Energy Corporation is a
Canadian public company involved in the exploration, development,
production, transportation, storage and sale of oil and natural gas
in South America, including
related investments in both upstream and midstream facilities. The
Company has a diversified portfolio of assets with interests in 31
exploration and production blocks in Colombia, Ecuador and Guyana, and pipeline and port facilities in
Colombia. Frontera is committed to
conducting business safely and in a socially, environmentally and
ethically responsible manner.
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Social Media
Follow Frontera Energy social media channels at the following
links:
Twitter: https://twitter.com/fronteraenergy?lang=en
Facebook: https://es-la.facebook.com/FronteraEnergy/
LinkedIn: https://co.linkedin.com/company/frontera-energy-corp.
Advisories
Cautionary Note Concerning Forward-Looking
Statements:
This news release contains forward-looking statements within
the meaning of Canadian securities laws. All statements, other than
statements of historical fact, that address activities, events or
developments that Frontera believes, expects or anticipates will or
may occur in the future (including, without limitation, statements
regarding preserving and restoring 2,500 hectares of biological
corridors are forward-looking statements). These forward-looking
statements reflect the current expectations or beliefs of Frontera
based on information currently available to it. Forward-looking
statements are subject to a number of risks and uncertainties that
may cause actual results to differ materially from those discussed
in the forward-looking statements, and even if such actual results
are realized or substantially realized, there can be no assurance
that they will have the expected consequences to, or effects on,
the Company. The Company's annual information form dated
March 1, 2023, its annual
management's discussion and analysis for the year ended
December 31, 2022, and other
documents it files from time to time with securities regulatory
authorities describe the risks, uncertainties, material assumptions
and other factors that could influence actual results and such
factors are incorporated herein by reference. Copies of these
documents are available without charge by referring to the
Company's profile on SEDAR at www.sedar.com. Any forward-looking
statement speaks only as of the date on which it is made and,
except as may be required by applicable securities laws, Frontera
disclaims any intent or obligation to update any forward-looking
statement, whether as a result of new information, future events or
results or otherwise. Although Frontera believes that the
assumptions inherent in the cautionary and forward-looking
statements applicable to it are reasonable, forward-looking
statements are not guarantees of future performance and accordingly
undue reliance should not be put on such statements due to the
inherent uncertainty therein.
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content:https://www.prnewswire.com/news-releases/frontera-energy-joins-the-world-economic-forums-1torg-movement-that-aims-to-conserve-restore-and-grow-1-trillion-trees-by-2030-301852030.html
SOURCE Frontera Energy Corporation