Valera Global Joins Chicago Climate Exchange Registry

Posted on October 31, 2007 by LCT Staff - Also by this author - About the author

NEW YORK & CHICAGO — Valera Global, the premier provider of executive transportation solutions, and Chicago Climate Exchange (CCX), the world’s first and North America’s only voluntary but legally binding greenhouse gas emission registry, reduction, and trading system, announced that Valera Global has joined CCX as an associate member. This commitment contractually obligates Valera Global to offset 100% of the company’s annual greenhouse gas emissions.

Robert Mackasek, CEO of Valera Global, said, “At Valera Global, we feel it is our responsibility to take steps that actively reduce our carbon output. By joining the Chicago Climate Exchange, we don’t just reduce our emissions — we offset them entirely.”

Under this commitment, Valera Global will annually inventory and report its indirect emissions to CCX to verify and audit. Reporting requirements include vehicle use, company air travel, as well as business operations. Once the verification process is complete and total emissions are confirmed, Valera Global is required to purchase and retire CCX Carbon Financial Instrument (CFI) contracts through the CCX trading platform to fully offset the indirect emissions it produces annually.

The CFI contracts Valera Global purchases will derive from projects that cut emissions of greenhouse gases, including wind and solar power; reforestation, and methane capture and destruction. All of these projects have been registered and approved through CCX, The United Nations, and other standardized verification and crediting protocols and procedures.

“Associate members have the opportunity to learn emissions management in a world-class system,” said CCX Chairman and CEO Richard L. Sandor. “We’re pleased to add Valera Global to our roster and hope that more companies in the transportation services industry will follow Valera Global’s lead.”

Valera Global joins prestigious companies such as DuPont, Ford Motor Company, Amtrak, Bayer, International Paper, Safeway, Intel, United Technologies, IBM, and Eastman Kodak who are already CCX members.

SOURCE: Affect Strategies

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