Invention Grant
- Patent Title: System and method for banking downstream resource costs
- Patent Title (中): 银行下游资源成本的制度和方法
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Application No.: US12047204Application Date: 2008-03-12
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Publication No.: US08271363B2Publication Date: 2012-09-18
- Inventor: Bennett Hill Branscomb
- Applicant: Bennett Hill Branscomb
- Agency: Wong, Cabello, Lutsch, Rutherford & Brucculeri, L.L.P.
- Main IPC: G07F19/00
- IPC: G07F19/00 ; G06Q40/00

Abstract:
In a system according to the invention, a sum of money related to the current or projected cost of pollution remediation associated with the use of a particular mineral resource is banked at the time of the mineral's extraction, first sale or entry into the stream of commerce. Disbursement of the banked monies may be made to downstream processors, end users, effected entities or third parties for remediation, sequestration or conservation activities or simply for recompense. In one embodiment of the invention, dynamic tracking systems may apportion the payout as a function of measured observed winds and precipitation patterns. In this way, the true economic cost of a particular mineral resource may be more accurately reflected in its selling price.
Public/Granted literature
- US20080270272A1 SYSTEM AND METHOD FOR BANKING DOWNSTREAM RESOURCE COSTS Public/Granted day:2008-10-30
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