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16.12.2009
ERA Carbon Offsets Ltd. Announces Delivery of 100,000 tonnes of Verified Emission Reductions to HEAG Südhessische Energie AG
ERA Carbon Offsets Ltd. Announces Delivery of 100,000 tonnes of Verified Emission Reductions to HEAG Südhessische Energie AG
December 16, 2009, Vancouver, British Columbia: ERA Carbon Offsets Ltd. (TSX¬V:ESR), through its wholly owned subsidiary, ERA Ecosystem Restoration Associates (“ERA”), is pleased to announce its third delivery of 100,000 tonnes of Verified Emission Reductions ( the “VERs”), and receipt of an $800,000 payment as specified under the Verified Emissions Reductions Sales Agreement (the “VERSA”), with the German energy company HEAG Südhessische Energie AG (“HSE”), as previously announced on June 10th, 2009.
The payment is the third 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.
Dr. Robert Falls, CEO of ERA commented “We are pleased to be delivering this third 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 Südhessische 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. 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 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 Voluntary Emission Reductions (VERs) from the CERP project; to supply clients and offset users that include: HSE-Entega, 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
For further information, please contact:
Investor Relations:
Kyle Stevenson,
Telephone: (604) 687 1779
Email: investor@econeutral.com
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.
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.
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December 16, 2009, Vancouver, British Columbia: ERA Carbon Offsets Ltd. (TSX¬V:ESR), through its wholly owned subsidiary, ERA Ecosystem Restoration Associates (“ERA”), is pleased to announce its third delivery of 100,000 tonnes of Verified Emission Reductions ( the “VERs”), and receipt of an $800,000 payment as specified under the Verified Emissions Reductions Sales Agreement (the “VERSA”), with the German energy company HEAG Südhessische Energie AG (“HSE”), as previously announced on June 10th, 2009.
The payment is the third 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.
Dr. Robert Falls, CEO of ERA commented “We are pleased to be delivering this third 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 Südhessische 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. 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 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 Voluntary Emission Reductions (VERs) from the CERP project; to supply clients and offset users that include: HSE-Entega, 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
For further information, please contact:
Investor Relations:
Kyle Stevenson,
Telephone: (604) 687 1779
Email: investor@econeutral.com
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.
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.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA26883Q1090">http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA26883Q1090</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.