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Worldwide Carbon Registry to Register ERA Carbon Offset Credits
Worldwide Carbon Registry to Register ERA Carbon Offset Credits
Published 06-16-09
Submitted by ERA Carbon Offsets Ltd
VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 06/16/09 -- ERA Carbon Offsets Ltd. ("ERA" or the "Company") (TSX VENTURE: ESR) is pleased to announce that they have been accepted by TZ1 Limited ("TZ1") to register the Company's EcoNeutral(R) carbon credits product on the TZ1 Registry. Through its Environmental Registry, TZ1 offers a robust, fully integrated financial market infrastructure platform for environmental commodities.
As one of Canada's leading forestry offset providers, ERA is pleased to have their Community Ecosystem Restoration Program ("CERP") profiled as the first Canadian forestry project on the TZ1 Registry. With 500,000 tonnes of Verified Emissions Reductions (VERs) registered to date, CERP represents Canada's largest forestry carbon offset program on the TZ1 Registry.
The TZ1 Environmental Registry service provides critical market capabilities: including issuance, holdings, transfers, retirement services, and financial market requirements such as delivery against payment. Designed specifically for environmental markets and financial market activity, the TZ1 Environmental Registry supports transactions in high quality voluntary carbon offset credits and environmental certificates and credits through a credible, externally audited retirement facility.
"We are pleased and excited to have joined the TZ1 Registry. TZ1 is a premier carbon offset Registry that provides security to offset buyers, sellers, and stakeholders, thanks to the transparency and rigorous auditing standards set by TZ1." Dr. Robert Falls, ERA's Chief Executive Officer
"We are absolutely delighted to be chosen as the registry for such a leading technical and innovative carbon markets player, ERA Carbon Offsets Ltd. Visionary leaders such as Dr. Falls and ERA recognize the important role that a credible global registry service plays in helping achieve its goals, and in giving confidence to this rapidly growing marketplace." Helen Robinson, Chief Executive of the TZ1 Registry
About ERA Carbon Offsets Ltd.
ERA is a Canadian based pioneer in forest-based carbon offset programs and project development. Through its subsidiary, ERA Ecosystem Restoration Associates Inc., ERA produces significant, measurable carbon sequestration benefits that are validated and verified to international standards and sold to purchasers interested in offsetting their greenhouse gas footprints as a means of mitigating the effects of climate change. ERA is producing
EcoNeutral(R) offset credit from the company's "Community Ecosystem Restoration Program" (CERP) in the Lower Fraser Valley, near Vancouver, British Columbia. to supply clients and offset users that include Rolling Stone Magazine, Shell Canada Ltd., Air Canada, the Motion Pictures Producers Industry Association, and the Globe Foundation. ERA is also developing projects in Africa, South America, and the United States.
Additional information on ERA can be found on their corporate website www.eraecosystems.com or by contacting investor@econeutral.com.
About TZ1
TZ1 Limited is an environmental commodities markets infrastructure provider. As the global trend in managing environmental assets moves towards price-based mechanisms, a robust registry is an essential tool to provide transparency and credibility. Only credible and robust financial infrastructure (with inherent flexibility) will best serve this new marketplace. A core part of the TZ1 business is its Registry service, providing critical market capability and giving the necessary comfort to project developers, buyers and the increasingly important investors in these emerging markets. For more information: http://www.tz1market.com
On behalf of the board of ERA CARBON OFFSETS LTD.
Robert W. Falls, PhD, CEO
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 ERA Carbon Offsets Ltd. 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.
