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News and Blogs

Total : 3,441 View more »

Climate Change: a Challenge for IMO Too

www3.marinelink.com

...greenhouse gas emissions from shipping...unanimously opted for Climate change: a challenge...Convention on Climate Change (UNFCCC) and its Kyoto Protocol, which specifically...reduction of emissions of greenhouse gases (GHGs) from...

http://www3.marinelink.com/Story/ShowStory.aspx?StoryID=216808

US Senate readies for cap and trade hearings

www.flightglobal.com | Oct 14, 2009

...Convention on Climate Change (UNFCCC) sets...greenhouse gas emissions targets this December...effect after the Kyoto Protocol expires in 2012...dioxide (CO2) emissions and require regulated...allowances to emit greenhouse gases (GHG) That...responsible for emissions from both refining...

http://www.flightglobal.com/articles/2009/10/14/333453/us-senate-readies-for-cap-and-trade-hearings.html

British Airways Boss Willie Walsh Says Aviation Industry Will Cut Emissions By 50% By 2050 |

news.sky.com

...its carbon emissions by 2050...of global emissions BA...replacement of the Kyoto protocol. The move to cut emissions by the...emissions of greenhouse gases. It...Committee on Climate Change warned the...Goes Into Ecological Debt ...Notable' Emission Cuts Video...

http://news.sky.com/skynews/Home/Business/British-Airways-Boss-Willie-Walsh-Says-Aviation-Industry-Will-Cut-Emissions-By-50-By-2050/Article/200909415386196?f=rss

Australian Climate Change Policy

www.hydro-international.com | Sep 3, 2009

...s proposed emissions trading scheme...Australia to combat climate change are the Carbon...sets strong emission reduction targets...Figure 4). The emission reduction targets...what the actual emission reduction targets...Policies Emissions trading and...policies to combat climate change and support...

http://www.hydro-international.com/issues/articles/id1109-Australian_Climate_Change_Policy.html

Airlines pledge to slash CO2 emissions by half by 2050

www.dailymail.co.uk

...its growing emissions. Mr Walsh...aviation emissions were not included in the Kyoto protocol 12 years...carbon dioxide emissions by 50...emissions of greenhouse gases but will...Copenhagen climate change summit...

http://www.dailymail.co.uk/news/article-1215225/Airlines-pledge-slash-CO2-emissions-half-2050.html?ITO=1490

Aviation industry to slash CO2 emissions

itn.co.uk

...over growing emissions. Mr Walsh...International aviation emissions were not included in the Kyoto protocol 12 years ago...cent of global emissions of greenhouse gases but will become...Committee on Climate Change, warned the...

http://itn.co.uk/8f2a9024921587baff58f163cc4c6bf2.html

Web Sites

Total : 80,968 View more »

EU includes aviation in CO2 curbs

news.bbc.co.uk

...Europe's CO2 Emissions Trading Scheme...for cutting greenhouse gases. MEPs voted...the UN's Kyoto Protocol, the EU is...cut its CO2 emissions by 8% from...auctioning of emissions permits should...measures to combat climate change, research...countries and low-emission transport...

http://news.bbc.co.uk/go/rss/news/int/search/news%2Bsport/airline/-/2/hi/europe/7495567.stm

GroundSupportWorldWide.com » Article » EU Settles on Global Warming Measures

...greenhouse gas emissions cuts, marked...caused by climate change. The...tackling climate change will encourage...fighting climate change," said...under the Kyoto Protocol, the U...committed to cut greenhouse gases by 8 percent...developing clean fuel. Although...

http://www.groundsupportworldwide.com/online/article.jsp?id=2742&siteSection=1

carbon dioxide | kyoto protocol | climate change | 1999 | 3104 | Flight Archive

www.flightglobal.com

...Convention on Climate Change (UNFCCC...reducing emissions is the responsibility...taking the Kyoto Protocol into account...aircraft emissions and market...emissions include greenhouse gases, such as...induced climate change is difficult...WATER Water emission by aircraft...

http://www.flightglobal.com/pdfarchive/view/1999/1999%20-%203104.html

ANALYSIS: September 24 2009 | ABTN

www.abtn.co.uk

...reductions on C02 emissions are possible...are: to cut C02 emissions by 1.5% each...agenda of the UN Climate Change Conference in Copenhagen...itself acted on greenhouse gases. The International...the villain of emissions and an easy target...programme to cut emission is its "weightwatchers...

http://www.abtn.co.uk/comment/2413163-analysis-september-24-2009

Reason Foundation Commentary: Kyoto Protocol Is Dead

...Bailey The Kyoto Protocol is dead...emissions of greenhouse gases (GHG) after...Under the Kyoto Protocol industrialized...emissions of greenhouse gases 5.2% below...its carbon emissions, the European...below 1990 emission levels...world in climate change diplomacy...

http://www.reason.org/commentaries/bailey_20041217.shtml

Ambassador Oi08 VisitNetherlands Her Majesty’s Ambassador, Pim Waldek, made a visit to the stand...

www.hydro-international.com

...Describing the Kyoto Protocol as a “token...important role in climate change, provide food...the oceans in climate change. Multi...decrease in CO2 emissions required to stabilize...that even if emissions are decreased...

http://www.hydro-international.com/download/Oi%20Daily%20Wednesday-LR.pdf

 

Climate Exchange announces Monthly trading update - Zibb.com

Press release
4 November 2009
                          CLIMATE EXCHANGE PLC
      Monthly Trading Update for the European Climate Exchange,
  the Chicago Climate Exchange and the Chicago Climate Futures Exchange
Climate Exchange plc, below outlines the trading volumes for the month
of October 2009 for the European Climate Exchange (ECX), the Chicago
Climate Exchange (CCX) and the Chicago Climate Futures Exchange (CCFE).
Market Highlights
  . ECX trading volumes remained strong across all products during
    October, total 436Mt with an average daily volume of 19.8 Mt. Year
    to date volumes on the exchange have now surpassed 4 billion
    tonnes. The EUA Dec-13 futures contract experienced another active
    month.
  . Trading in the EUA and CER daily futures continued to grow during
    October, a total of 12,098 contracts were traded with over a
    million EUAs trading on 28th October. ECX market share of the total
    spot market is approaching 25%.
  . The number of open positions in ECX futures and options increased
    further and currently stands at 825,877 lots.
  . Open Interest on CCFE ended the month at 143,458 contracts,
    representing a 68% increase from the 85,373 contracts at the end of
    October 2008.
  . 108,696 contracts traded on CCFE in October, a 229% increase over
    the 32,999 contracts traded in October 2008.
  . 27,220 contracts traded on CCX in October, representing an 18%
    decrease from the 33,013 contracts traded during October 2008, as
    uncertainty of US climate legislation continues to affect the
    market.
  . Following the introduction in the US Senate of the Clean Energy
    Jobs and American Power Act on September 30th, climate legislation
    picked up momentum in October as the U.S. Senate
    Committee on Environment and Public Works held a series of hearings
    on the proposed legislation and Republican Senator Lindsey Graham
    (SC) threw his support behind the bill.
Total ECX Products (Contracts*)
                   2009         2008         Change
October            435,930      412,352      5.7%
YTD                4,309,908    2,297,822    87.6%
Open Interest      825,877      514,139      60.6%
*1 contract equal to 1,000 EUAs/CERs
ECX EUA Futures Contract
                   2009         2008         Change
October            314,960      324,942      -3.2%
YTD                3,180,310    1,656,524    92.0%
Open Interest      390,277      251,802      54.99%
ECX EUA Options Contract
                   2009         2008         Change
October            14,244       6,535        118.0%
YTD                353,933      211,870      67.1%
Open Interest      205,994      112,820      82.6%
ECX EUA Daily Futures Contract ('Spot') (launched 13 March 2009)
                   2009         2008         Change
October            12,098       -            -
YTD                47,066       -            -
ECX CER Futures Contract (launched 14 March 2008)
                   2009         2008         Change
October            87,523       65,675       33.3%
YTD                644,895      377,428      70.9%
Open Interest      136,817      104,717      30.7%
ECX CER Options Contract (launched 16 May 2008)
                   2009         2008         Change
October            6,300        15,200       -58.6%
YTD                81,130       52,000       56.0%
Open Interest      92,789       44,800       107.1%
ECX CER Daily Futures Contract (Spot) (launched 13 March 2009)
                   2009         2008        Change
October            1,030        -           -
YTD                2,799        -           -
CCX CFI (Contracts)
                   2009         2008         Change
October            27,220       33,013       -18%
YTD                389,606      649,323      -40%
CCFE (Contracts)
Total CCFE Products
                   2009         2008          Change
October            108,696      32,999        229%
YTD                1,216,425    419,094       190%
Open Interest      143,458      85,373        68%
CCFE SFI and NFI Futures & Options Contracts
                   2009         2008          Change
October            42,315       24,102        76%
YTD                489,608      363,739       35%
Open Interest      80,276       63,291        27%
CCFE Carbon Complex including CFI, RGGI, CCAR and CFI-US
                   2009          2008         Change
October            65,610        8,744        650%
YTD                718,997       49,015       1367%
Open Interest      55,713        17,444       219%
Other CCFE Products including IFEX
                    2009         2008          Change
October             772          153           405%
YTD                 7,820        6,340         23%
Open Interest       7,469        4,638         61%
For breakdown of daily trades, please refer to websites as follows:
ECX        www.ecx.eu
CCX        www.chicagoclimateexchange.com
CCFE       www.ccfe.com
Richard Sandor, Executive Chairman of Climate Exchange plc, said:  "As
the U.S. Congress moves forward with consideration of a federal climate
law and policymakers internationally work toward progress
in Copenhagen, we see building interest in carbon markets as a tool for
addressing climate change."
Neil Eckert, Chief Executive Officer of Climate Exchange plc, said:
"This represents another month of solid progress both at ECX and CCFE.
We now enter a critical phase where the spotlight will be Carbon
markets during the run up to Copenhagen"
Contact
Richard Sandor, Chairman Climate Exchange plc and     001 312 554 3370
Chairman & CEO Chicago Climate Exchange
Neil Eckert, CEO Climate Exchange plc                 0207 382 7801
Patrick Birley, CEO European Climate Exchange         0207 382 7818
Jonny Franklin-Adams and Simon Law, Fox-Pitt,         0207 397 8900
Kelton Limited
Peter Rigby/Alex Parry, Haggie Financial              0207 417 8989
                                                      /07813 808 738
About Climate Exchange plc
Climate Exchange plc is a holding company whose subsidiaries are
principally engaged in owning, operating and developing exchanges to
facilitate trading in environmental financial instruments including
emissions reduction credits in both voluntary and mandatory markets.
Its three main businesses are the European Climate Exchange (ECX) which
operates the leading derivatives exchange focused on compliance
certificates for the mandatory European Emissions Trading
Scheme, Chicago Climate Exchange (CCX) which operates a voluntary but
contractually binding cap and trade system for greenhouse gas emissions
in the U.S., and the Chicago Climate Futures Exchange (CCFE) the
leading U.S. regulated environmental products exchange whose contracts
include mandatory U.S. emissions such as SO2 , NOx and RGGI CO2.
www.climateexchange.com
About European Climate Exchange
The European Climate Exchange (ECX) manages product development and
marketing of futures, options and spot contracts based on CO2 EU
allowances (EUAs) traded under the EU Emissions Trading Scheme and
Certified Emission Reductions (CERs) issued under the Kyoto Protocol.
ECX contracts are listed and traded on the ICE Futures electronic
platform, offering a central marketplace for emissions
trading alongside other energy commodities with standardised
contracts and clearing guarantees. ECX/ ICE Futures is the most
liquid Exchange for carbon derivatives trading. More
than 100 businesses have signed up for direct membership to trade ECX
products. In addition, several thousand ICE clients can access the
market via banks and brokers.
www.ecx.eu
About Chicago Climate Exchange, Inc. and Chicago Climate Futures
Exchange
Chicago Climate Exchange (CCX) is a financial services business whose
objectives are to apply financial innovation and incentives to advance
social, environmental and economic goals. CCX is the world's first and
North America's only contractually binding rules-based greenhouse gas
emissions allowance trading system, as well as the world's only global
system for emissions trading based on all six greenhouse gases. CCX
members are leaders in greenhouse gas management and represent all
sectors of the global economy, as well as public sector innovators.
Greenhouse gas emission reductions achieved through CCX are the only
reductions in North America being achieved through a legally binding
compliance regime. Independent third party verification is provided by
FINRA. For a full list of CCX members, daily prices and other Exchange
information please see the CCX website.
The Chicago Climate Futures Exchange (CCFE), a wholly owned subsidiary
of the Chicago Climate Exchange, is a CFTC designated contract market
which offers standardized and cleared futures contracts on emission
allowances and other environmental products. Clearing services are
provided by The Clearing Corporation. Market surveillance services are
provided by the National Futures Association, the industry wide,
self-regulatory organization for the U.S. futures industry.
www.chicagoclimateexchange.com
www.ccfe.com
                    This information is provided by RNS
          The company news service from the London Stock Exchange
END

Contacts:
RNS
Customer
Services
0044-207797-4400
Email Contact
http://www.rns.com


SOURCE: Climate Exchange PLC

http://www2.marketwire.com/mw/emailprcntct?id=258B82247AB9711B
http://www.rns.com

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Tags: business   ceo   commodity   congress   contract   economy   email   energy   environment   executive   federal   financial services   futures   law   legislation   market   market share   marketing   north america   prices   product development   products   republican   senate   south carolina   trade  

Companies: Climate Exchange PLC (CXCHF)

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International lawmakers highlight development while addressing climate change - Zibb.com

Zibb.com | Oct 15, 2009

Lawmakers and experts from eight Asia-Pacific and European countries stressed at a forum here Thursday that the climate change is both an environmental issue and a development issue. The climate change is not only an environmental issue, but also, and more importantly, a development...

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Agreement on financing actions to curb climate change - Zibb.com

India and 16 other major economies of the world have reached a "substantial agreement" on the issue of financing actions to curb climate change.

"There is significantly further to go, this is absolutely not a done deal, but I feel that today this feels a more doable proposition than it was yesterday," British Energy and Climate Change Minister Ed Miliband said Tuesday.

After a two-day deliberation, rich nations agreed to take on internationally-binding commitments while developing countries agreed to take domestic actions to cut the emission of harmful greenhouse gases that cause climate change.

In the run up to the climate change talks in Copenhagen in December, developed nations want emerging economies like India, China and Brazil to take up legally binding greenhouse gas emission cuts, a move stoutly opposed by them.

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Tags: brazil   china   india  

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Climate Change Litigation Accelerates As New Decisions Build Book of Case Law Say Pillsbury

Two starkly different decisions handed down in the past few days by the federal courts illustrate how the courts are addressing the complicated and controversial issues regarding climate change litigation.

On Friday, October 16, 2009, the United States Court of Appeals for the Fifth Circuit held that the complaint of the class action plaintiffs in the case of Ned Comer v. Murphy Oil USA, et. al., Case No. 07-60756, could proceed. Reversing the lower federal court, the court ruled that the plaintiffs, residents and owners of land and property along the Mississippi Gulf Coast had standing to assert their claims that the defendants' operation of energy, fossil fuels and chemical industries in the United States caused the emission of greenhouse gases, which contributed to global warming, which in turn caused a rise in sea levels and added to the ferocity of Hurricane Katrina, which destroyed their property. Moreover, the court held that this complaint did not assert a non-justiciable political question.

The plaintiffs sought compensatory and punitive damages based on Mississippi common law precedent and the provisions of the Mississippi Constitution, and they argued they had standing to litigate these claims based on the 2007 decision of the United States Supreme Court in Massachusetts v. EPA. The Court held that the states had standing to seek review of a decision by the EPA not to regulate carbon dioxide emissions, and that CO2 is a pollutant as defined by the Clean Air Act, and could be regulated as such provided that EPA makes the appropriate finding that its emissions are an "endangerment" under the law, and there was a plausible link between man-made emissions of greenhouse gases and global warming. While allowing the claims based on private and public nuisance, negligence and trespass to continue, the Appeals Court dismissed the claims based on allegations of unjust enrichment, fraudulent misrepresentation and civil conspiracy.

The Appeals Court not only overturned the brief dismissal order issued by the U.S. District Court for the Southern District of Mississippi, but also harshly criticized the lower court decisions in California v. General Motors Corporation and the first American Electric Power case decided in the Southern District of New York. However, the court noted that the Second Circuit recently reversed the American Electric Power case, using a footnote to remark that "the Second Circuit's reasoning is fully consistent with ours, particularly in its careful analysis of whether the case requires the court to address any specific issue that is constitutionally committed to another branch of government."

"The U.S. Supreme Court ruling to classify carbon emissions as pollutants was an important turning point," said environmental lawyer Anthony Cavender, who is based in Pillsbury's Houston office. "Given that the Obama Administration has already advocated for tighter regulations related to the environment as a whole, and in particular, for tougher policies governing carbon emissions, many plaintiffs may now feel that the time is right to file such suits, hoping that that both state and federal courts will be equally sympathetic. That tactic paid off in Comer given the unanimous ruling for the plaintiffs."

On the other hand, in Native Village of Kivalina v. ExxonMobil Corporation, et al., Case No. C 08-1138 SBA, decided September 30, 2009, the U.S. District Court for the Northern District of California dismissed a federal common law nuisance claim filed by the plaintiffs, members of the Inupiat Eskimos living in a village near the Arctic Circle. The plaintiffs alleged that the defendants, 24 oil, energy, and utility companies, contributed to the excessive emissions of carbon dioxide and other greenhouse gases which caused global warming and consequently diminished the Arctic sea ice that protects their village from winter storms, and that the resulting erosion and destruction will require their relocation.

Here the court ruled that the complaint must be dismissed as a non-justiciable claim under the political question doctrine of the Supreme Court's 1962 decision in Baker v. Carr. In doing so, the court took issue with a contrary ruling of the Second Circuit Court of Appeals in Connecticut v. American Electric Power, decided on September 21, 2009. In addition, the court held that the plaintiffs failed to adequately establish that they have standing to pursue these claims, failing to show that there was any connection between their alleged damages and the defendants' conduct.

"While each case must be evaluated on the merits of evidence on a individual basis, the decision in Kivalina is more in keeping with how courts have traditionally ruled--often dismissing these types of cases as "nuisance suits" filed by plaintiffs for no other purpose than to cause headaches for companies they politically or personally disagree with," said partner Sheila Harvey, head of Pillsbury's Climate Change & Sustainability team. "But as more carbon emission cases go to trial, testing case law or reinterpreting it differently as happened here when both cases cited Connecticut v. American Electric Power, companies may find themselves increasingly facing potential liability if they can't demonstrate that every effort has been made to reduce or limit carbon emissions as part of the standard cost of doing business."

Pillsbury's Climate Change & Sustainability team assists clients in funding, supporting, and building technologies, facilities or products that help reduce the world's carbon footprint. Pillsbury's experience advising energy clients on carbon emissions-related matters dates back more than 20 years when the State of California first began mandating specific rules related to reducing greenhouse gases (GHGs). Our team members have advised on more than 100 climate change matters in the past five years, including negotiating at the international level under the Framework Convention on Climate Change and on the EU's GHG cap-and-trade program; legislative activity at the U.S. federal and state level, and GHG-related litigation. Pillsbury also serves clients in the area of financing projects aimed at securing GHG-emission reduction credits. We also have significant experience assisting cleantech start ups to secure financing and patent new technologies designed to burn cleaner fuels or reduce greenhouse gases. For more visit, www.pillsburylaw.com/climatechange.

SOURCE: Pillsbury Winthrop Shaw Pittman LLP

Pillsbury Winthrop Shaw Pittman LLP 
Sandi Sonnenfeld 
Director of Public Relations 
212-858-1741 
sandi.sonnenfeld@pillsburylaw.com

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Tags: book   business   california   connecticut   constitution   energy   epa   federal   government   hurricane   law   massachusetts   mississippi   oil   patent   politics   products   property   regulations   supreme court   trade   trial   utilities  

Companies: Murphy Oil Corp. (MUR)

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Maldivian president in India urges "radical change" to curb emissions - Zibb.com

New Delhi: The Maldives, like India, believes that any deal on climate change must start with the international framework in existence.

"We must start with the principle of common but differentiated responsibilities, set out under the Kyoto Protocol," Maldivian President Nasheed said at the Delhi High Level Conference on "Climate Change: Technology Development and Transfer" here on Thursday [22 October].

"How can we forge a deal that protects the planet and that is just, equitable and politically acceptable? To bring emissions down to 350 ppm (parts per million) requires the sort of action few politicians are prepared to talk about," he said.

Pointing out that there was no room for compromise, fudged deals or half-measures, Mr. Nasheed said radical change was required for which humanity must embrace new technologies to bring down the atmospheric concentrations of carbon dioxide to 350 ppm. This will prevent "irreversible, catastrophic climate change."

"We are living in a manner that the planet cannot sustain. I am not suggesting that people cut consumption and give up the good life; I am suggesting that we cut out carbon and consume renewables instead."

The Maldivians lived on their islands for over 2,000 years, and "we don't want to trade paradise for an environmental refugee camp. But climate change not only threatens the Maldives, it threatens us all. The message from the Maldivian frontline is that what happens to us today happens to the rest of the world tomorrow."

In his opening remarks, Sha Zukang, Under Secretary-General for Economic and Social Affairs to the Delhi Conference, said climate change demanded urgent action and rapid, wide diffusion. The world could not afford to wait for these technologies to follow the usual path of gradual diffusion: from rich to middle-income to poor countries. "Global climate policy will succeed, or fail, depending on whether it brings low-emissions technologies and technologies for adaptation within the reach of poor countries, and poor communities, without further delay."

Having contributed the least to climate change, developing countries were the most vulnerable to its impact. Yet, failure to address the challenge would be disastrous for the whole planet. "The full arsenal of climate-friendly technologies should be mobilised for the fight against climate change. International technology cooperation and knowledge-sharing can ensure that mature technologies are widely adopted."

Source: The Hindu website, Chennai, in English 23 Oct 09

BBC Mon SA1 SADel dg

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Tags: conference   india   maldives   policy   president   technology   trade  

Companies: Technology Development Corp. (TDCX)

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ERA Carbon Offsets Ltd. Announces Receipt of Second $850,000 Payment From HEAG Sudhessische Energie

ERA Carbon Offsets Ltd. (TSX VENTURE:ESR), through its wholly owned subsidiary, ERA Ecosystem Restoration Associates ("ERA"), is pleased to announce its second delivery of 100,000 tonnes of Verified Emission Reductions ( the "VERs"), and receipt of an $850,000 payment as specified under the Verified Emissions Reductions Sales Agreement (the "VERSA"), with the German energy company HEAG Sudhessische Energie AG ("HSE"), as previously announced on June 10th, 2009.

The payment is the second of five bi-monthly payments specified under the VERSA in which ERA is required to deliver 300,000 tonnes of VERs in the third and fourth quarter of 2009, and 200,000 tonnes of VERs in the first quarter of 2010.

The VERs sold to HSE are validated and verified to ISO 14064-2 and pending validation to the Climate, Community and Biodiversity Alliance ("CCBA") standard. ISO 14064-2 is the proposed requirement for verification under the Canadian Federal Offset System for Greenhouse Gases as published on June 10, 2009. CCBA is the leading voluntary international standard for projects that simultaneously minimize climate change, support sustainable development, and conserve biodiversity.

The VERs sold to HSE are generated through ERA's Community Ecosystem Restoration Program ("CERP") which has been operational in the Lower Fraser Valley of British Columbia since September 2005. CERP is a large scale urban forest restoration program that began in the District of Maple Ridge in 2006, which now includes projects in the District of Mission, the City and Township of Langley, and within Metro Vancouver. The CERP program is supported by the sale of VERs generated through ERA's ecosystem restoration and reforestation endeavors in degraded riparian areas. These VERs are registered on the Markit Environmental Registry (formerly TZ1), an international carbon offsets registry which supports transactions in high quality voluntary carbon offsets through a credible, externally audited retirement facility. VERs are utilized by ethical organizations looking to reduce their carbon footprint by increasing their sustainability endeavors. Entega Vertrieb GmbH & Co. KG ("Entega"), a division of HSE, will utilize the offsets to create a CO2-neutral energy product for its customers throughout Germany. Entega is one of Germany's largest electricity and gas supply companies. Dr. Robert Falls, CEO of ERA commented, "We are pleased to be delivering this second tranche of offsets to our clients at HSE/Entega. We believe they stand at the forefront of environmental stewardship as they have made a conscious effort to support the critical role forests play in climate change. We look forward to working closely with them through the remainder of our delivery schedule and beyond."

About HSE and Entega

HEAG Sudhessische Energie AG (HSE) is a German based energy and infrastructure company based in Darmstadt. Together with its subsidiaries, HSE provides retail, industry, and residential communities with electricity, natural gas, water, and technical services. As one of Germany's largest electrical and natural gas suppliers, Entega Vertrieb GmbH & Co. KG (Entega) is focused on the provision of modern, sustainable energy. As an energy supplier utilizing and harnessing natural resources from the earth, Entega has a responsibility to the people we serve and to the world we inhabit. It is this awareness that motivates us to not only focus on protecting the environment, but to also renew the environment in order to help mitigate the effects of climate change. To this end, Entega works to shape and support an energy supply system that does not endanger the ability of future generations to grow and prosper. By actively supporting sustainability, our customers drive the ecological change that ensures renewable energy and renewable thinking are no longer a niche idea, but the norm. Our aim at Entega is simple: a carbon neutral energy supply that remains affordable. By linking the provision of energy with the provision of a sustainable future, we can create a win-win scenario for both the environment and the economy. That is what Entega calls a sustainable provision of a modern day energy supply. "Entega - Ernergie der nachsten Generation", "Entega - Energy of the next Generation".

About ERA Carbon Offsets Ltd.

ERA is a Canadian based pioneer in forest-based carbon offset programs and project development. Through its subsidiary, ERA Ecosystem Restoration Associates Inc., ERA produces significant measurable carbon sequestration benefits that are validated and verified to international standards and sold to purchasers interested in offsetting their greenhouse gas footprints as a means of mitigating the effects of climate change. ERA is producing EcoNeutral(R) offsets from the Company's "Community Ecosystem Restoration Program" (CERP) in the Lower Fraser Valley, near Vancouver, British Columbia. ERA is also developing projects in Africa, South America, and the United States. ERA has generated ISO-validated and verified EcoNeutral(R) carbon offsets from the CERP project to supply clients and offset users that include Catalyst Paper, Rolling Stone Magazine, Shell Canada Ltd., Air Canada, the Motion Pictures Producers Industry Association, and the Globe Foundation.

Additional information on ERA can be found on the corporate website www.eraecosystems.com or by contacting investor@econeutral.com.

On behalf of the Board of Directors of ERA CARBON OFFSETS LTD.

Robert Falls, Chief Executive Officer

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 ERA Carbon Offsets Ltd. 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.

SOURCE: ERA Carbon Offsets Ltd.

Stevenson & Associates Investor Relations Ltd.
Kyle Stevenson
President
(604) 687 1779
kyle@stevensonir.com

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Companies: ERA Carbon Offsets Ltd (ESR)

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