VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 11/05/13 — Offsetters Climate Solutions Inc. (“OCS” or the “Company”) (TSX VENTURE: COO)(FRANKFURT: 9EA) congratulates Vancity, Canada–s largest community credit union – with over $17 billion in assets and close to 500,000 member-owners – on achieving their environmental sustainability goals for 2012. Offsetters is pleased to have been selected as the provider of choice for high quality carbon offsets to help Vancity meet their goal of carbon neutrality for the 5th consecutive year.
Vancity has been a leader in enhancing the environmental sustainability of its operations through energy efficiency, recycling, and the use of green building materials in their facilities. Every year, Vancity measures their footprint and then reduces their greenhouse gas emissions to the greatest extent possible. For the remaining emissions which cannot be reduced at source, they choose to offset these through the use of carbon offsets. In addition to being carbon neutral since 2007, Vancity has saved in excess of $2 million in energy costs since committing to reducing energy use and emissions from their buildings.
For their 2012 unavoidable emissions, Offsetters partnered with Vancity to supply a total of 5,296 tonnes of offsets. 2,913 tonnes originate from the Great Bear Forest Carbon Project that generates emissions reductions through the protection of coastal rainforest areas that were previously designated or approved for commercial logging. The remaining tonnes come from the Nanaimo Landfill Gas Capture and Utilization project, which captures methane (which previously flowed freely into the atmosphere and has the global warming potential of over 20 times that of carbon dioxide) to either flare, or to produce electricity. Additional information about Vancity–s carbon offset criteria can be found here: .
“It is a pleasure to continue working with a leader like Vancity. They have fully embraced the triple bottom line approach to business, proving that being a sustainable and engaged corporate citizen is both socially and financially rewarding, commented Dr. James Tansey, CEO of Offsetters.
James Tansey, Ph.D., President and CEO
Offsetters Climate Solutions Inc.
About Offsetters Climate Solutions Inc.
Offsetters is Canada–s largest and most diversified carbon management solutions company. Its team of industry leaders specializes in the origination, development and commercialization of high-quality carbon offset projects, and through a comprehensive offering of sustainability consultancy services Offsetters helps organizations understand, reduce and offset their climate impact. A merger of ERA Carbon Offsets and Offsetters, Offsetters is based in Vancouver, Canada and has worked with over 150 of the world–s most prestigious organizations including Aimia, Vancity, lululemon athletica, Catalyst Paper, Harbour Air, and HSE – Entega. Offsetters is publicly listed company on the Toronto Venture Exchange (TSX V: COO) and in Frankfurt:9EA. For more information, please visit us at .
FORWARD LOOKING STATEMENTS: This document includes forward-looking statements as well as historical information. Forward-looking statements include, but are not limited to, the continued advancement of the company–s general business development, research development and the company–s development of forest-based carbon offsets. When used in this document, the words “anticipate”, “believe”, “estimate”, “expect”, “intent”, “may”, “project”, “plan”, “should” and similar expressions may identify forward-looking statements. Although Offsetters Climate Solutions Inc. believes that their expectations reflected in these forward looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements include fluctuations in the marketplace for the sale of carbon credits, the inability to implement corporate strategies, the ability to obtain financing and other risks disclosed in our filings made with Canadian Securities Regulators.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts:
Offsetters Climate Solutions Inc.
David Rokoss
778-945-0951