Company News & Announcements
4/13/2011 EOS CLIMATE AND CARGILL ANNOUNCE NEW FINANCIAL & MARKETING PARTNERSHIP
The global commodities trader, Cargill, has joined EOS Climate as a financial and exclusive marketing partner for the tradable emission reductions generated from our company's ODS destruction projects. This new partnership validates our model, the project type and strengthens our ability to address the global environmental threat posed by refrigerants at or near end-of-life. Cargill is an active trader of credits in the European Union Emissons Trading System, and other regulated and voluntary markets, and is considered an innovator in the carbon sector.
Read Cargill's press release here and see the announcement in Cargill's Quarterly Earnings announcement.
3/2011 EOS CLIMATE REACHES MILLION CRT MILESTONE
Today EOS Climate issued another 57,000 CRTs taking the total volume of emissions reductions delivered to over 1 million metric tons. Saskia Feast, VP Business Development stated "We are extremely proud of this accomplishment, as it speaks to our unique integrated system for ODS destruction that has delivered verified CRTs to within 99.99% accuracy in production cycles of less than 3 months. Our system that integrates partners, experts and leaders in their own businesses, has enabled us to achieve this milestone."
12/2010 CALIFORNIA AIR RESOURCES BOARD APPROVES STATE’S NEW EMISSIONS TRADING PROGRAM, AS EOS CLIMATE RECAPS SUCCESSFUL 2010
California’s Air Resources Board gave the green light to California’s historic emissions trading program, at a public hearing on December 16, 2010, marking a significant milestone toward reducing the state’s greenhouse gas emissions under its pioneering climate change law signed by Governor Schwarzenegger in 2006. As the nation's first economy-wide cap-and-trade program targeting greenhouse gas (GHG) emissions, California’s early action positions its economy to reap the benefits on the world stage and catalyze action throughout the country and the world. ODS destruction projects qualify as early action and compliance offsets under the new regulations.
The Climate Action Reserve hailed ARB’s adoption of the state's cap-and-trade program as “a truly historic moment in this nation's climate change policy,” and underscored the power of real, collaborative public-private partnerships that serve as an example for future climate policy.
EOS delivered almost 1 million tons of greenhouse gas emission reductions from destruction of US sourced ODS in 2010. We anticipate further success in 2011, as we begin work in the AB32 compliance program and as we continue to build our reputation for operational excellence, integrity, high quality, and unparalleled technical and regulatory expertise.
Read ARB's press release here.
Read CAR's statement here.
12/2010 EOS CLIMATE SHOWCASED AS PART OF US COMMERCE DEPARTMENT "GREEN SOLUTIONS" EXPO IN CANCUN, MEXICO
On invitation from the US Commerce Department, EOS Climate CEO Joe Madden and Sr. VP for Science and Policy Jeff Cohen traveled to exhibit and present our company at Green Solutions, the expo running concurrently with COP16 in Cancún Mexico. EOS Climate was featured on the panel “Green Solutions Provided by U.S. Industry,” introduced by US Ambassador to Mexico Carlos Pasquale. Distinguished visitors to our booth included US Ambassador Pasquale, Elizabeth Littlefield, Executive Director and Judith Pryor, Vice President of the Overseas Private Investment Corporation. Green Solutions ran concurrently with the international climate negotiations sponsored by UNFCC.
EOS attended a handful of side events to COP16, including a panel discussion on "Linkages and co-benefits between Kyoto and Montreal Protocols." Ozone depleting substances (ODS's) were not on the formal agenda at Cancun, but continue to generate interest due to their impacts on climate change.
Read EOS's press release here.