EV Battery Tech Applauds the Latest ESG Regulatory Developments Regarding Crypto Mining

Extreme Vehicle Battery Technologies Corp. is pleased to provide the following update and statement on its blockchain operations.

The Company has noted the increased emphasis of stakeholders and regulators in addressing matters related to environmental, social and governance factors. Blockchain and crypto mining have been maligned because of the perception that the greenhouse gas emissions related to operations within the sector are unacceptable. The Company not only agrees with this statement but has actively taken steps to ensure all its divisions embrace ESG best practices.

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The global desire for greener alternatives continues to impact how companies are perceived by their investors, the communities in which they operate and their regulators. For example, securities regulators in Canada have published proposed National Instrument 51-107 Disclosure of Climate-related Matters, which if enacted, will require issuers to publish a number of climate related disclosures.

This is consistent with the overall corporate objectives of the Company and aligns with its recent steps including but not limited to:

• Being accepted into the Renewable Energy Alliance;
• Joint Venture with the Renewable Obligation Base energy economy (ROBe2), which contributes 3% of each transaction towards renewable energy generation;
• Developing the Smart Miner, which is mines the ROBe2 token using a carbon negative protocol;
• Implementing policies at Optimal CP Inc., that explore and propose procedures in reaching a zero GHG goal.

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As the Company continues to develop its blockchain assets, it strives to differentiate itself from its competitors with its commitment to excellence and ESG best practices.

“At the highest level, the Company’s core mission is to create a cleaner, greener planet for future generations. This latest commitment to ESG best practices is a testament to that,” commented EV Battery Tech CEO, Bryson Goodwin.

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