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Transaction Advances Alberta’s Carbon Market, Benefiting Local Farmers

Transaction Advances Alberta’s Carbon Market, Benefiting Local Farmers

Emission Credits International Corporation, an agricultural aggregator of sequestered carbon offsets produced exclusively from farmland in Alberta, announced that it sold more than 100,000 tonnes of carbon credits using the World Green Exchange.

This deal marks the second large-scale carbon-offset transaction for ECIC this year and its first using an auction. The auction yielded a better price per tonne for its more than 900 participating Alberta farmers, while also engaging and educating more potential buyers in the process. “ECIC’s sale of 107,037 tonnes of carbon offsets is good news on many fronts for many players,” said Robert Coulter, President and CEO of ECIC.

First, proceeds of the auction provide a significant new revenue stream for Alberta’s hard-working farmers, validating agricultural best practices as a linchpin in the Alberta carbon market. Second, it offers Alberta’s largest emitters a more costeffective way to help the environment and comply with climate regulations, one that delivers immediate shareholder value. And third, it signals the growing viability and attractiveness of a market based approach to carbon reduction here in Alberta. - Calgary Herald -