Stikeman Elliott LLP, one of Canada’s leading business law
firms, and Deloitte, the largest professional services firm in
Canada, will both participate in the Greening Canada Fund in order
to enhance the management of their carbon footprints and to support
community-based green initiatives.

“We are very pleased that such forward-looking firms as Stikeman
Elliott and Deloitte have agreed to participate,” said Fund manager
Gerry Rocchi of Green Power Action Inc. “Being involved with the
Greening Canada Fund allows them to extend their green commitment,
and will help them to engage their employees and clients in the
carbon-smart programs we are pursuing.”

BMO Financial Group and TD Bank Financial Group were the lead
investors in the Fund and committed an initial $13 million to its
creation in 2009. The Fund, the first of its kind in Canada, was
launched as part of the Greening Greater Toronto initiative of the
Greater Toronto CivicAction Alliance (formerly, the Toronto City
Summit Alliance).

During its first fiscal year, the Greening Canada Fund has
invested in eight separate projects to reduce carbon emissions.
These projects have generated carbon offset credits representing
the removal to date of more than 230,000 tonnes of greenhouse gases
from the atmosphere - or the equivalent of removing 62,000 cars
from the road for one year.

Importantly, two-thirds of these offsets came from public sector
and non-profit sector environmental initiatives, which underlines
GCF’s commitment to reinvest in community projects.

“It was the commitment to carbon-smart community investment that
convinced us to participate,” said Valerie Chort, Partner and
National Leader of Sustainability & Climate Change Services,
Deloitte. “The money paid to school boards, hospitals and other
community groups will allow them to reinvest in further
environmental improvements and keep the green cycle going.”

“Stikeman Elliott is committed to
reducing its carbon footprint and we are proud to be the first
national Canadian law firm to be certified ‘carbon neutral’,” said
Stikeman Elliott Chair Pierre Raymond.

“Offsets play a role in any enterprise’s plan to manage its
carbon footprint and we were impressed by the high quality credits
supplied by the Greening Canada Fund. They have had a measurable
impact in Canadian communities and meet strict environmental
integrity criteria approved by the Fund’s investor-led Advisory
Committee.”

The chair of the Advisory Committee is Cameron Fowler, Executive
Vice-President, Personal and Commercial Banking Canada, BMO Bank of
Montreal. “BMO is proud to be one of the initial investors in the
Greening Canada Fund - an investment that has been an important
component of our efforts to support environmental sustainability,”
Mr. Fowler said.

“We are thrilled to welcome Deloitte and Stikeman Elliott as
investors in the fund - their presence will further strengthen the
Fund and lead to even more green investment opportunities across
Canada.”

The Greening Canada Fund is the first ever voluntary carbon
emissions reduction fund aimed exclusively at large Canadian
corporations. A product of the Greater Toronto CivicAction
Alliance’s Greening Greater Toronto initiative, the Fund was
created to provide emission reductions opportunities for Canadian
corporations, primarily by financing not-for-profit and public
sector projects to reduce greenhouse gases.

Launched in September 2009 with initial investments from BMO
Financial Group and TD Bank Financial Group, the Greening Canada
Fund purchases and delivers carbon offset credits sourced from
across Canada.

Green Power Action, a Toronto-based company, is the predominant
buyer of high quality social credits in Canada, and an innovator in
fund design, management and alternative investment solutions.

Its clients are corporations which are aware of the value of
managing their environmental impact, whether for voluntary or
compliance purposes. Green Power Action is the manager of the
Greening Canada Fund.