The closing of the deal that sees Offsetters Clean Technology Inc. join forces with ERA Carbon Offsets Ltd. creates a new company that is well positioned to take advantage of a multi-billion dollar carbon market worldwide.

Operating under the banner of ERA Carbon Offsets Ltd., this newly merged company will offer a broad range of industry-leading support to help organizations fully manage both their carbon exposure and sustainability objectives.

“Last week’s extension of the Kyoto protocol in Doha, Qatar, though positive, was also a signal that more action is needed to take action against climate change,” said James Tansey, President and Chief Executive Officer of ERA Carbon Offsets Ltd. (Pictured Right).

“By combining two of North America’s leading carbon project developers, we’re able to provide high-quality offsets from a range of projects worldwide along with industry-leading sustainability consulting services. We’re proud to be leading this aspect of the shift toward a low carbon future.”

“We have brought together a team of 30 of the best climate change and sustainability professionals in Canada,” added Tansey. “For clients - regardless of their size or scope - that means ‘one stop shopping’ to manage their environmental impact.”

The business opportunities related to dealing with global climate change are significant for ERA Carbon Offsets Ltd., with emerging North American carbon markets in California, Alberta and Quebec. The World Bank estimates that carbon markets worldwide are valued at USD $176 billion.

The recent auction of carbon allowances by the Western Climate Initiative is the latest example of the economic opportunity,” said Tansey. “All 23 million tonnes of allowances made available were sold, at a total value of over USD $230 million.

Robert Falls, Chairman of ERA Carbon Offsets Ltd. (Pictured Left), told GLOBE-Net “ERA’s acquisition of OCT and CCC represents a merger of profound importance to the industry, and to ERA shareholders. The merged entity will offer clients and developing markets a diverse range of carbon offset products and sustainability services, domestically and internationally.”

“The capacity and skillsets that the merger brings together, along with access to public markets, will provide the Company resilience and strong foundations for growth and shareholder value,” he added.

“I am fully confident that Dr Tansey, his management teams, and the highly skilled professionals that the merger brings together, will provide the forward-thinking leadership, business acumen, and technical competencies required to ensure a dominant position in the space.”

As Canada’s largest and most diversified carbon management solutions company, ERA Carbon Offsets Ltd. helps organizations understand, reduce and offset their climate impact. It one of the few firms in North America capable of managing an organization’s climate impact from beginning to end.

ERA Carbon Offsets Ltd. 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.

The ERA Carbon Offsets Ltd. head office is in Vancouver, B.C., with staff also located in Portland, Oregon, and Inongo, Democratic Republic of the Congo.