Clean Energy Companies Donate Greenhouse Gas Credits to Offset Emissions from
Travel to and from the RNC
NEW YORK, Sept. 1 /PRNewswire/ -- Three companies in the clean energy
market -- Boston Carbon Corporation (BCC), Access Industries, and GreenFuel
Technologies -- have announced that together they are donating 40,750
Greenhouse Gas Certified Trading Credits (CTCs) to offset the CO2 that will be
added to the atmosphere by delegates, guests, political figures, and media
traveling to and from the Republican National Convention (RNC) this week. With
this donation, the RNC travel-related emissions will be rendered "carbon-
neutral."
The three companies
* Boston Carbon, a leading consulting company advising clients on
profitable environmental remediation techniques;
* Access Industries, a global, private investment firm; and
* GreenFuel Technologies, a company based around novel biological
emissions management technology
made a similar donation on behalf of the Democratic National Convention
(DNC) last month. Charles Parker, President of Boston Carbon commented, "Our
donation highlights the fact that voluntary reductions of greenhouse gases
have a role to play in meeting this critical environmental issue. For many
companies, reducing greenhouse gas emissions and turning them into carbon
credits is not only good for the environment, but also good for their bottom
line."
While there is growing awareness of the role of excess CO2 in global
warming, many citizens, government officials, and even business leaders may
not realize that reducing greenhouse gas emissions can create its own economic
rewards. This donation provides a practical demonstration of the premise that
what's good for the environment is also good for business.
The credits were created through the capture of fugitive methane gas from
a coalmine in Alabama. Methane gas is a particularly serious greenhouse gas
since its global warming potential is twenty-one times that of carbon dioxide.
After cleaning and processing, the captured methane gas is fed into an
existing natural gas pipeline system for sale to natural gas customers.
The donated trading credits certify that an actual reduction of 40,750
tons of greenhouse gas (GHG) emissions has been achieved and that the
reduction meets all of the criteria laid out by the United Nations Framework
Convention on Climate Change. The credits were donated to the Coalition for
Environmentally Responsible Conventions (CERC) (http://www.cerc04.org). CERC
has worked with both the RNC and the Democratic National Convention (DNC)
earlier this summer to implement environmentally responsible practices
wherever possible in relation to the conventions. "These donations highlight
the fact that reducing greenhouse gas emissions is an important goal that we
can all agree on," commented Dan Ruben, executive director of CERC.
According to Paul Rodzianko, Senior Vice President at Access Industries,
"Access believes that environmental security transcends political party
boundaries. The twin issues of the environment and the economy impact all
Americans, regardless of party affiliation. We are putting that belief into
action by investing in new environmental management technologies which can
create new jobs and new economic prospects by reducing waste."
In the United States, though there are no federal CO2 mandatory limits,
bipartisan groups are addressing the issue at the state level. For example,
the Regional Greenhouse Gas Initiative, or RGGI, a cooperative effort by nine
Northeastern and Mid-Atlantic states, will set a regional limit for how much
carbon dioxide electric power plants can produce and allow emitters who
produce less than allowed to trade credits with those that exceed the cap.
Six of the nine governors in the RGGI states are Republicans.
Dr. Isaac Berzin, President and CTO of GreenFuel Technologies, summarized
his company's motivation for participating in the donation. "At GreenFuel,
our technology is a perfect example of how it's no longer necessary to think
about profit versus environmental performance, or liberal versus conservative
viewpoints. It's not even necessary to wait for future scientific advances or
changes in regulatory standards. All that is needed is to make businesses,
statesmen, and citizens aware that greenhouse gas pollution problems can be
converted into profit opportunities here and now in the United States of
America."
About Boston Carbon Corporation
Boston Carbon Corporation (BCC), based in Carlisle, MA,
(http://www.bostoncarbon.com) is a leading consulting company advising clients
on profitable environmental remediation techniques. Boston Carbon advises
clients on strategies to satisfy actual and impending regulations regarding
the emission of greenhouse gases and other pollutants. BCC works with
companies to identify clean energy projects and integrates all of the steps
necessary to maximize the value of greenhouse gas reductions as credits, thus
increasing the project's overall economic value.
About Access Industries, Inc.
Access Industries is a global, private investment firm. Access has
developed a diverse portfolio of venture capital and private equity
investments, including industrial, technology, financial services and real
estate assets throughout the United States and Europe. Access is committed to
financing entrepreneurial solutions to social and environmental problems.
About GreenFuel Technologies Corporation
GreenFuel harnesses fundamental photosynthesis mechanisms to
simultaneously provide both cost-effective air pollution control and high
quality biomass production. GreenFuel's patented system is linearly scalable,
produces no harmful byproducts, and is compatible with untreated water
supplies. GreenFuel is presently negotiating beta installations across the US
and internationally. The company is headquartered in Cambridge MA. For more
information, visit http://www.greenfuelonline.com.
Contact:
Charlie Parker Berl Hartman
Boston Carbon Corporation Blanc & Otus
978.369.3679 617.308.9012
cparker@bostoncarbon.com bhartman@bando.com
SOURCE Boston Carbon Corporation; Access Industries, Inc.;
GreenFuel
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Related links:
http://www.bostoncarbon.com
http://www.greenfuelonline.com http://www.cerc04.org
CONTACT:
Charlie Parker of Boston Carbon Corporation,
+1-978-369-3679, cparker@bostoncarbon.com; or Berl Hartman of
Blanc & Otus, +1-617-308-9012, bhartman@bando.com
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