Cargill Joins Chicago Climate Exchange
In joining, Cargill commits to achieve a six percent reduction in greenhouse gas emissions at its U.S. operations by 2010, from a baseline of the company’s average greenhouse gas emissions during 1998-2001.
01/03/07 Cargill has become a member of the Chicago Climate Exchange (CCX), the world’s first and North America’s only voluntary, legally binding greenhouse gas emissions reduction, registry and trading program. In joining, Cargill commits to achieve a six percent reduction in greenhouse gas emissions at its U.S. operations by 2010, from a baseline of the company’s average greenhouse gas emissions during 1998-2001.
Cargill has established internal goals to improve energy efficiency, increase use of renewable energy and reduce greenhouse gas intensity globally. So far, Cargill has achieved a 10 percent improvement in energy efficiency and derives over 8 percent of its energy from renewable sources.
Cargill said it is proud to intensify its commitment to environmental stewardship by accepting legally-binding greenhouse gas emission reduction commitments in the United States,” said LaRaye Osborne, Cargill vice president and manager of Environment, Health and Safety. “Our company is already engaged in greenhouse gas cap-and-trade systems around the globe as a regulated entity, a liquidity provider, and a developer of greenhouse gas reduction projects across our value chain. This brings our commitment full circle by engaging our U.S. operations.”
Chicago Climate Exchange, Inc. is the world’s first and North America’s only legally binding rules-based greenhouse gas emissions allowance trading system, as well as the world’s only global system for emissions trading based on all six greenhouse gases. CCX members are leaders in greenhouse gas management and represent all sectors of the global economy, as well as public sector innovators.
