Washington Gas Energy Services (WGES) and Sterling Planet announced today the
continuation of their collaboration to improve air and water quality in the
Chesapeake Bay region through WGES CleanSteps^® Carbon Offsets. The
public-private partnership, which also involves the Chesapeake Bay Foundation
(CBF), is now set to enter its third year.
The WGES CleanSteps^® Carbon Offsets product has reduced the carbon footprint
of WGES residential and small commercial natural gas customers by matching
usage with locally sourced, certified carbon offsets. Unlike other carbon
offsets, WGES CleanSteps® Carbon Offsets include an investment in future
carbon reduction projects. To support these future initiatives, over $400,000
in combined contributions from WGES and Sterling Planet have already been made
to a Carbon Reduction Fund managed by CBF. Since the launch of WGES
CleanSteps® Carbon Offsets in September 2010, more than 70,000 carbon offsets
have been purchased on behalf of WGES customers — the equivalent of
eliminating emissions from using nearly 7,900,000 gallons of gasoline.
"This program has helped the Chesapeake Bay Foundation promote innovative ways
to reduce pollution while also mitigating greenhouse gas emissions in the
region," says Beth McGee, senior scientist with the Chesapeake Bay Foundation.
"For example, as a result of the support from the Carbon Reduction Fund, we
are working with farmers to implement a new technology, called the
Greenseeker, that helps farmers do a better job of nutrient management, while
providing environmental benefits of reduced water and air pollution.”
The new 15-month agreement between WGES and Sterling Planet will build on the
success of the existing program. Estimated additional carbon offsets during
the term of the contract are 45,000 metric tons, and total contributions to
the Carbon Reduction Fund are expected to reach $580,000.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in