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SOURCE ClimeCo Corporation
The Product of a Newly Developed Agri-Centric Philanthropic Tool
BOYERTOWN, Pa., July 28, 2014 /PRNewswire/ -- ClimeCo Corporation brokered the sale of a large block of carbon reduction offsets from CF Industries Holdings, Inc., a global leader in nitrogen fertilizer manufacturing, to Chevrolet. CF Industries will donate the net proceeds of $600,000 to the National FFA Foundation to support excellence in farmer education and fertilizer best management practices.
"This is a first-of-its-kind undertaking for our industry, and we are pleased to partner with Chevrolet in support of America's future farmers," said Tony Will, CF Industries' president and chief executive officer. CF Industries generated the carbon credits by voluntarily implementing nitrous oxide abatement technologies to reduce greenhouse gas emissions, a project installed in 2008 and managed by ClimeCo Corporation.
"We are excited about the impact that our role as sales agent will have for these organizations," stated William Flederbach, President and Founder of ClimeCo. ClimeCo introduced the parties, who share like-minded visions for the social benefits of carbon emission reduction projects.
Through Chevrolet's voluntary Carbon Reduction Initiative, the automaker committed to purchase up to 8 million tons of carbon credits from a variety of clean energy projects and technologies in communities across the United States. Chevrolet retires the carbon credits for the benefit of the environment, meaning they will not be used to offset emissions related to specific Chevrolet operations or products - or those at any other site.
"Beyond building fuel-efficient vehicles and reducing the environmental impact of our manufacturing facilities, Chevrolet seeks to support innovative, carbon-reducing projects that people around the U.S. are implementing," said David Tulauskas, GM sustainability director.
The National FFA Organization provides leadership, personal growth and career success training through agricultural education to 579,678 student members in grades seven through 12 who belong to one of 7,570 local FFA chapters throughout the U.S., Puerto Rico and the Virgin Islands.
ClimeCo Corporation is a respected advisor and trader of environmental commodity market products. Specialized expertise in regional criteria pollutant trading programs, California cap-and-trade and voluntary markets, and project financing of internal CO2 abatement systems complement ClimeCo's diverse commodity portfolio which includes CRTs generated under the Nitric Acid Production protocol and the California Air Resources Board (CARB) Forestry, Ozone Depleting Substance and Agricultural Methane protocols. Contact: 484-415-0501 or firstname.lastname@example.org.
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