VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 6, 2013) - On the eve of the 34th America's Cup Finals, Offsetters Climate Solutions Inc. ("OCS" or the "Company") (TSX VENTURE:COO) is proud to be partnering with the America's Cup Event Authority ("ACEA") as its Official Carbon Credit Supplier.
This partnership aims to deliver a carbon neutral event in San Francisco and to support ACEA's commitment to sustainability. The America's Cup Finals starts September 7th and conclude when the first team - defender Oracle Team USA, or the challenger Emirates Team New Zealand, scores nine race wins. The event will mark the culmination of years of training, not only by the teams, but also by America's Cup, to deliver its most sustainable series of racing to date.
To support the America's Cup in reaching its sustainability goals, Offsetters is providing a portfolio of high quality carbon credits that have strong links to marine benefits and the sport of sailing. In addition, Offsetters is managing the "America's Cup Sustainability Credit" ("ACSC") program, where each ACSC is comprised of a carbon credit equivalent to removing one tonne of greenhouse gas emissions from the atmosphere, and a cash donation to a restoration project in San Francisco Bay, where the sailing events take place.
This is just one part of the America's Cup Sustainability Plan which outlines the ACEA's approach to delivering sustainable event activities in San Francisco. A robust event carbon management strategy has been implemented to measure the event carbon footprint, reduce the ACEA's own emissions and to compensate for the ACEA's unavoidable emissions associated with event activities in San Francisco.
"We're proud to partner with such a historic sporting event and to showcase ACEA's forward-thinking leadership in environmental sustainability," said Dr. James Tansey, CEO of Offsetters. "The projects we have chosen to offset its emissions will continue as living environmental legacies of the 34th America's Cup, long after the athletes and spectators have returned home."
James Tansey, Ph.D., President and CEO
Offsetters Climate Solutions Inc.
About the America's Cup
One of the most fiercely competitive and sought after trophies in all of sport, the America's Cup was first raced in 1851, 45 years before the modern Olympics. The U.S. yacht America won, giving the international sailing competition its name. The America's Cup Finals, are being held for the first time in San Francisco Bay, a natural sailing arena, in AC72 wing sail catamarans.
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.
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