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Climate Clean Neutralizes Omidyar Network's Greenhouse Gas Footprint

Submitted by: Climate Clean

Categories: Environment, Renewable & Alternative Energy

Posted: Jun 05, 2007 – 02:18 PM EST


Formidable New Company in the Voluntary Carbon Market Signs on Major Social Impact Organization

Jun. 05 /CSRwire/ - PORTLAND OR.- June 5, 2007 – Climate Clean, LLC, announced today that California-based Omidyar Network, established by eBay founder, Pierre Omidyar, will go beyond carbon-neutral in offsetting greenhouse gases by employing Climate Clean LLC's "Intelligent Offsets" from their Verified Emissions Reduction Facility.

"We chose Climate Clean, because of its innovative and holistic portfolio approach to offsetting greenhouse gases. Climate Clean's strategy of addressing both near-term and longer-term causes of climate change, as well as its ability to source these offsets on our behalf, make it one of the highest quality offset providers in the market," said Jim Bunch, director at Omidyar Network.

Rather than CO2 alone, the Climate Clean, LLC, Verified Emission Reduction Facility works to mitigate the entire mix of greenhouse gases that cause global warming. While it's imperative to reduce atmospheric CO2, positive impacts from CO2 offsets alone may not be realized for as long as 100 years. Offsetting a mix of all six harmful greenhouse gases, however, allows for positive impact in the near, as well as, long term.

In addition to offering a wider array of offsets in their portfolio, Climate Clean, LLC, also boasts an initial Verified Emission Reduction Facility Agreement with EcoSecurities Group Plc., a globally recognized provider of Kyoto Protocol CERs.

"An important aspect that differentiates Climate Clean from any other voluntary carbon offset organization currently operating in the United States is that we don’t buy into ‘business as usual’ when it comes to combating global warming," said Stanley W. Fields, Chairman of Climate Clean, LLC. "Some organizations will use your investment to fund projects that have little or no real impact on climate change, but that make you—and them—look good. Green washing will get us nowhere; we need to invest in the future by funding projects that have a real impact."

Climate Clean, LLC, aims to revolutionize the voluntary carbon market in the United States by working with American companies to embed the highest quality offsets of greenhouse gas emissions in the world into the consumer market. In the process, the same standards guiding implementation of the Kyoto Protocol throughout Europe—The Clean Development Mechanism developed by the United Nations Framework Convention on Climate Change—will, in effect, influence America's impact on global warming.

About Climate Clean, LLC

Climate Clean, LLC, in cooperation with California Environmental Associates and Dr. David Shearer, has prepared a rigorously defined scientific approach for offsetting greenhouse gas emissions that extends the principals of Kyoto into the U.S. voluntary market. Climate Clean has partnered with EcoSecurities Group, Plc. to establish a Verified Emission Reduction Facility that is exclusive to Climate Clean with respect to the mix of greenhouse gases in the Facility. This "global forcing signature model" is specifically designed to address the earth’s imbalance of all six greenhouse gases.

About Omidyar Network

Omidyar Network is a mission-based organization committed to unleashing human potential on a global scale. Established in 2004 by Pierre and Pam Omidyar, the organization builds the conditions that enable individuals to tap their own potential to improve their lives. Omidyar Network uses an expanded toolset to advance its mission, supporting both businesses and nonprofit organizations that promote equal access to information, tools and opportunities; connections around shared interests; and a sense of ownership for participants.

About EcoSecurities

EcoSecurities is one of the world’s leading companies in the business of originating, developing and trading carbon offsets. EcoSecurities has experience developing carbon offset projects in the areas of renewable energy, agriculture, and urban waste management, industrial efficiency, and forestry. In 2006, EcoSecurities was voted “Best Project Developer” by both Point Carbon and Environmental Finance Magazine. With a network of offices and representatives in over 20 countries on five continents, EcoSecurities has amassed one of the industry’s largest and most diversified portfolios of carbon projects. Today, the company is working on 374 projects in 36 countries using 18 different technologies, with the potential to generate more than 163 million offsets. In the United States, EcoSecurities has offices in Los Angeles, New York, Portland, and San Francisco. EcoSecurities Group, Plc. is listed on the London Stock Exchange AIM (ticker ECO.L).

Additional resources:

Climate Clean web site: www.climateclean.net
Omidyar Network web site: www.omidyar.net
EcoSecurities web site: www.ecosecurities.com

For more information, please contact:

Amy Buringrud Media Savvy Communications
Phone: (503) 758-5620
Stanley Fields Climate Clean, LLC
Phone: 503-922-2105


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