ClimeCo buys fellow US offset developer Environmental Credit Corp

Published 17:59 on August 28, 2015  /  Last updated at 18:13 on August 28, 2015  /  Americas, US  /  No Comments

ClimeCo has consolidated its position as the top provider of voluntary and WCI-eligible carbon credits under the Climate Action Reserve standard with its purchase of Environmental Credit Corp, it said on Thursday.

ClimeCo has consolidated its position as the top provider of voluntary and WCI-eligible carbon credits under the Climate Action Reserve standard with its purchase of Environmental Credit Corp, it said on Thursday.

ClimeCo bought the company on Aug. 24, according to a company statement, which did not disclose the price paid.

ClimeCo has over 50 GHG-cutting projects in its portfolio, which will be boosted by the 15 ECC has in operation, including many that are eligible for use in California’s cap-and-trade system.

ECC formed in 2004 and specialises in ozone-depleting substance destruction, livestock methane capture and organic waste composting.

ClimeCo says it manages projects that reduce more than 3 million tonnes of CO2e per year.

By Ben Garside – ben@carbon-pulse.com

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