Viterra Inc. (“Viterra”) (TSX:VT) (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.
Alberta producers are encouraged to call 1-866-712-1090 (option 2) to receive additional information on Viterra’s carbon credit program.
Viterra Inc. provides premium quality ingredients to leading global food manufacturers. Headquartered in Canada, the global agribusiness has extensive operations across Western Canada, the United States, Australia, and New Zealand, with Adelaide, Australia as the base for Viterra’s Southeast Asian operations. Our growing international presence also extends to offices in Japan, Singapore, China, Switzerland, Italy and Ukraine. Driven by an entrepreneurial spirit, we operate in three distinct businesses: grain handling and marketing, agri-products, and value- added processing. Our expertise, close relationships with producers, and superior logistical assets allow the company to consistently meet the needs of the most discerning end-use customers, helping to fulfill the nutritional needs of people around the world.
Investor Relations and Corporate Affairs