May 10, 2005 — By ENN
CHARLOTTE, Vermont — NativeEnergy, a national renewable energy company,
is supplying Renewable Energy Credits or "Green Tags"
to neutralize all carbon dioxide (CO2) pollution generated by travel
and venue energy use for the 2005 Institutional Investors Summit
on Climate Risk, the first "climate neutral" event ever
held at U.N. Headquarters. The event was essentially powered with
wind power.
Throughout the day today top institutional investors representing
more than $5 Trillion in assets will discuss the financial risks
and the investment opportunities posed by global climate change
during an invitation-only summit at U.N. Headquarters in New York
City. The Summit was organized by Ceres, the coalition of investor
and public interest groups, who is co-hosting the event with the
United Nations Fund for International Partnerships.
"We're very proud to have the opportunity to help Ceres green-up
the energy for this extraordinary event at United Nations Headquarters,
and we hope this summit fuels greater interest in the potential
of new renewable energy projects," says NativeEnergy President
and CEO Tom Boucher.
Ceres purchased the equivalent of 180 tons of Green Tags, the Summit's
estimated total carbon footprint, from NativeEnergy to help demonstrate
how renewable energy is already being employed by environmentally
and socially responsible organizations around the world to meet
the growing demand for energy without contributing to global climate
change. In April, Ceres neutralized all CO2 from its annual conference
with NativeEnergy's Green Tags.
Ceres' Green Tags purchases will help build new renewable energy
projects, like the Rosebud Sioux Tribe Wind Farm in South Dakota.
Once operational, the nation's first and only Native American owned
wind farm will generate electricity that would otherwise have to
come from a coal burning facility on the regional grid. When polluting
energy generators run less, they emit less CO2. By helping build
new renewable energy projects, Ceres and the U.N. Fund for International
Partnerships have the same global warming impact as powering the
Summit and their travel with wind energy.
About NativeEnergy: NativeEnergy is a national marketer of renewable
energy credits or "green tags," offering individuals and
organizations a means to compensate for their global warming pollution,
or to effectively power their homes and businesses with renewable
energy. NativeEnergy's patent-pending business process provides
the highest level of "additionality" - bringing upfront
payment to renewable projects for their future green tag output,
enabling its customers to help directly to finance the construction
of new wind farms and other renewable energy projects, such as tribal
wind projects and methane digesters on Pennsylvania family dairy
farms, which directly reduce our reliance on fossil fuels to meet
the nation's electricity needs.
About Ceres: Ceres is a coalition of 85 environmental, investor,
labor and advocacy groups working together to increase corporate
responsibility worldwide. Investor members represent more than $300
billion in assets. Since its founding in 1989, Ceres has persuaded
dozens of companies to endorse the CERES Principles, a ten-point
code of environmental conduct and publicly report on their performance.
More recently, Ceres convened and led the Global Reporting Initiative
(GRI) with the United Nations Environment Program, until it became
an independent, international organization in June 2002.
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