Offsetters Climate Solutions Inc.
TSX VENTURE : COO
FRANKFURT : 9EA

Offsetters Climate Solutions Inc.

December 19, 2014 09:20 ET

Offsetters Helps Vancity Credit Union Achieve Carbon Neutrality for 6th Consecutive Year

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 19, 2014) - Offsetters Climate Solutions Inc. ("OCS" or the "Company") (TSX VENTURE:COO)(FRANKFURT:9EA) applauds Vancity, Canada's largest community credit union on achieving carbon neutrality for the sixth consecutive year. Offsetters helped Vancity meet their sustainability goals through the sale of high quality carbon offsets to mitigate emissions associated with Vancity's operations.

Founded in 1946, Vancity now serves more than half a million members in 58 branches across British Columbia, managing over $17.5 billion in assets. Vancity continues to provide clear environmental sustainability leadership in the financial sector.

Each year, Vancity measures its carbon footprint and implements programs to reduce its greenhouse gas emissions. For the remaining emissions that cannot be reduced at source, it purchases high-quality carbon offsets. This is just one facet of Vancity's environmental sustainability program, which includes energy efficiency measures, recycling and the use of green building materials in their facilities. The net results of its efforts have produced substantial energy savings and emission reductions, in addition to substantial cost savings.

For their unavoidable 2013 emissions, Vancity partnered with Offsetters to supply a total of 4,549 tonnes of offsets. 2,957 tonnes originate from the unique 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 Quik's Farm Ltd., where carbon financing allowed the greenhouse operator to switch from burning fossil fuels to installing a biomass boiler to meet their heating needs.

"Vancity continues to lead the financial sector through its actions of promoting sustainability within the communities they serve. It has demonstrated an unwavering commitment over the last six years to lead by example, proving that a good corporate citizen can be successful both financially, and environmentally," commented Dr. James Tansey, CEO of Offsetters. "We appreciate the opportunity to engage with the people at Vancity and look forward to achieving more milestones with them in the years to come."

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 VENTURE:COO) and in (FRANKFURT:9EA). For more information, please visit us at www.offsetters.ca.

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.

Contact Information

  • David Rokoss
    Offsetters Climate Solutions Inc.
    Suite 1000 - 675 West Hastings Street,
    Vancouver BC, V6B 1N2
    Telephone: 778-945-0951
    Email: david.rokoss@offsetters.ca