CALGARY, ALBERTA, Oct 26, 2010 (MARKETWIRE via COMTEX) — Viterra Inc. (“Viterra”) /quotes/comstock/11t!e:vt (CA:VT 9.88, +0.13, +1.33%) (asx:VTA) is pleased to announce that its carbon credit program has aggregated over one million offsets, representing over $10 million paid to Alberta farmers, since its launch in March, 2008.
Viterra purchases and aggregates carbon offset credits, based on the Alberta government’s protocols for tillage system management. They are generated through no till or reduced till practices on agricultural land, which decrease greenhouse gas emissions.
“Viterra’s carbon credit program illustrates our commitment to developing solutions that bring value to our farm customers while encouraging sustainable farming practices. Reaching this milestone is a testament to the success of our program and to our employees, who work closely with our customers.” said Doug Wonnacott, Viterra’s Senior Vice-President, Agri-products.
In November, 2008, Viterra signed a long-term supply agreement with ENMAX Energy Corporation (“ENMAX Energy”), Alberta’s leading competitive electricity retailer. Through this arrangement, Viterra customers have access to a reliable market for their carbon offset credits.
“We would like to congratulate Viterra on the success of its carbon credit program. Innovative solutions such as these are excellent examples of what can be accomplished through collaboration and a shared commitment to environmental best practices,” said Corey Wilson Commercial Manager, ENMAX Energy.
