Source
Marketwire
Date 03/21/2014
Time 06:30:19 AM
Company
OFFSETTERS CLIMATE SOLUTIONS INC.
Title Chemonics International Awards Second Contract for Colombia Redd
Project
Development to Consortium of Ecopartners, Offsetters and Clearsky
CDNX Symbol: COO
Press Release
NEWS RELEASE TRANSMITTED BY MARKETWIRED
FOR: Offsetters Climate Solutions Inc.
TSX VENTURE SYMBOL: COO
FRANKFURT SYMBOL: 9EA
March 21, 2014
Chemonics International Awards Second Contract for Colombia Redd Project
Development to Consortium of Ecopartners, Offsetters and Clearsky
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 21, 2014) - Offsetters
Climate Solutions Inc. ("OCS" or the "Company") (TSX
VENTURE:COO)(FRANKFURT:9EA) is pleased to announce that international
development company, Chemonics International LLC ("Chemonics"), has
awarded the
consortium of Ecological Carbon Offset Partners LLC ("ecoPartners"),
ClearSky
Climate Solutions LLC ("ClearSky") and Offsetters, a second contract
("Phase
Two") to develop project documentation for their ongoing BioREDD+ program
in
Colombia, South America.
Under the terms of the new Phase Two contract, the team of ecoPartners,
ClearSky and Offsetters will be responsible for developing and writing
complete
Project Design Documentation for four additional REDD+ projects being
undertaken by Chemonics and its partners in Colombia. REDD - Reducing
Emissions
from Deforestation and Degradation, is a carbon market mechanism that
incentivizes land owners to leave forests standing, thereby increasing
carbon
stocks over time. Under Chemonics BioREDD+ program, the four new projects
will
also be developed using both the Verified Carbon Standard ("VCS") to
recognize
the carbon benefits, and the Climate, Community and Biodiversity Alliance
("CCBA") Standard, which will recognize the social, environmental and
biodiversity impacts in the project areas.
Funded by USAID, the BioREDD+ program in Colombia has run from 2011 and
will
run through 2014. Lead by Chemonics International, OPTIM and Fundacion
Natura,
USD $27.8 million dollars will be invested through multiple activities
supporting biodiversity, climate change mitigation (REDD) activities, and
climate change adaptation activities in the Choco and Caribbean regions.
The
major goals of this program are the establishment of at least eight
financed
REDD+ projects in the pacific region covering one million hectares, as
well as
a carbon baseline for the pacific and amazon regions in support of
Colombia's
regional REDD+ program.
"The initial work undertaken in Colombia by this consortium has been well
received by Chemonics, and we are pleased to have been granted the
opportunity
to continue the work into Phase Two of the program," commented Dr. James
Tansey, CEO of Offsetters. "This new contract will help Chemonics reach
the
goal of having eight unique REDD programs established under the BIOREDD+
program in Colombia."
James Tansey, Ph.D., President and CEO
Offsetters Climate Solutions Inc.
About Chemonics International Inc.
Founded in 1975, Chemonics is an employee-owned international development
company dedicated to helping people live healthier, more productive and
more
independent lives. Chemonics has worked in more than 150 countries,
helping
clients, partners and beneficiaries implement innovative projects that
achieve
development impact. www.chemonics.com
About Ecological Carbon Offset Partners LLC
Based in Berkeley California, ecoPartners is a leading technical
consulting and
project development group focused on land use activities, both in North
America
and Internationally. ecoPartners' experience includes VCS methodology
development, REDD and Improved Forest Management Project Design Document
creation, project feasibility assessments and verification support
services.
www.ecopartnersllc.com
About ClearSky Climate Solutions LLC
ClearSky Climate Solutions, based in Missoula Montana, is focused on the
design
and development of market-based forest carbon projects. With a deep
background
in REDD, ClearSky provides project design and development services,
strategic
consulting and community engagement services to ensure social and
environmental
safeguards are fully integrated into project development activities.
www.clearskyclimatesolutions.com
About Offsetters Climate Solutions Inc.
Offsetters is Canada's largest and most diversified carbon management
solutions
company. Its team of industry leaders specializes in the origination,
development and commercialization of high-quality carbon offset projects,
and
through a comprehensive offering of sustainability consultancy services
Offsetters helps organizations understand, reduce and offset their
climate
impact. A merger of ERA Carbon Offsets and Offsetters, Offsetters is
based in
Vancouver, Canada and has worked with over 150 of the world's most
prestigious
organizations including Aimia, Vancity, lululemon athletica, Catalyst
Paper,
Harbour Air, HSE - Entega, and Shell Canada Limited. Offsetters is
publicly
listed company on the Toronto Venture Exchange (TSX VENTURE:COO) and in
Frankfurt:9EA. For more information, please visit us at
www.offsetters.ca.
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 Offsetters
Climate Solutions Inc. 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.
- 30 CONTACT INFO:
Offsetters Climate Solutions Inc.
David Rokoss
778-945-0951
david.rokoss@offsetters.ca
www.offsetters.ca
INDUSTRY: Energy and Utilities - Alternative Energy, Energy and Utilities
- Oil
and Gas , Environment - Natural Resource Management
SUBJECT: BFC - BUSINESS CONTRACTS
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