VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 25, 2014) – Offsetters Climate Solutions Inc. (“OCS” or the “Company”) (TSX VENTURE:COO)(FRANKFURT:9EA) is pleased to report that it has successfully retired a portfolio of 160,000 tonnes of carbon offsets from a selection of high-quality international offset projects on behalf of Dow Chemical Company.
Dow engaged Offsetters to offset the travel footprint of spectators and media attendees prior to the Games. These carbon credits come from a portfolio of high-quality projects developed to international standards, recognized under the International Carbon Offset and Reduction Alliance (ICROA) Code of Best Practice. All offsets were retired upon delivery. The portfolio includes projects from Russia, Brazil and South Korea, in addition to a project implemented by Dow at one of its manufacturing facilities in the United States.
For full coverage of DOW’s sustainability activities related to this offset portfolio, please visit:
http://www.businesswire.com/news/home/20140203006532/en/Sochi-2014%E2%80%99s-Direct-Carbon-Footprint-Mitigated-Opening#.Uv0TBvk7uM4
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. Based in Vancouver, Canada, Offsetters has worked with over 150 of the world’s most prestigious organizations including Aimia, Vancity, lululemon athletica, Catalyst Paper, Harbour Air, HSE – Entega, and Shell Canada Limited. 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.
Offsetters Climate Solutions Inc.
David Rokoss
778-945-0951
david.rokoss@offsetters.ca
Suite 1000 – 675 West Hastings Street
Vancouver BC, V6B 1N2
