Utilities band together in greenhouse gas fight
An alliance of leading Canadian energy companies has formed the Greenhouse Emissions Management Consortium (GEMCo). The non-profit company will take action on global climate change by managing carbon emissions offset projects. Founding members include Canadian Utilities Ltd.; EPCOR; Nova Gas Transmission; Ontario Hydro; SaskPower; TransAlta Corp.; and Westcoast Energy Inc.
Aldyn Donnelly, GEMCo`s newly appoint president, said, “GEMCo is a creative and effective way to supplement companies` internal emissions reduction programs. The alliance is designed to allow flexibility for member companies to invest in joint venture offset projects identified and then managed by GEMCo.”
Greenhouse gas offsets are actions or projects of a technical or biological nature that reduce, avoid or absorb greenhouse gases. Offsets can be a cost-effective, scientifically sound approach to addressing global climate change. Donnelly said the coordination of offset investment will lead to development of high quality emission management projects at least cost.