Blue Source Acquires Baseline Emissions Management as Canadian Provinces Expand Carbon Markets



    SALT LAKE CITY, and CALGARY, Alberta, Feb. 13 /CNW/ -- Blue Source, LLC,
North America's leading portfolio of greenhouse gas Verified Emission
Reductions (VERs) and Carbon Capture and Storage (CCS) projects, today
announced it has acquired Baseline Emissions Management Inc., an emission
offset marketing and consulting group operating in Canada's provincial carbon
trading markets.
    The merger is an example of the opportunities that exist between the
closely linked US and Canadian economies and global approaches to climate
change. Baseline's industry position in Canada is a great compliment to Blue
Source's US position and brings valuable experience in emission offset
marketing and offset protocol development.
    Since its founding in 2003, Baseline's management team has developed
leading experience in carbon marketing, working with progressive companies
across five Canadian provinces to identify and market emission offsets. In
2007 it began marketing emission offsets in Alberta through Canada's only
baseline and credit system. The company represents a supplier portfolio of
more than ten million tonnes of emission offsets. Baseline's supply of carbon
emission offsets are largely created from projects involving biomass
facilities, renewable energy projects, landfill gas capture and utilization,
and agricultural-based emission reductions.
    Blue Source has been a US carbon market leader for more than 10 years,
developing more than 11 different types of emission reduction projects in 48
US states. It is a leader in developing emission reduction projects and has a
carbon offset portfolio of hundreds of millions of tonnes of VERs. The
company's management team has led development of US-based CCS projects having
developed, owned or operated all five such systems built in the last 20 years.
    The acquisition will create Blue Source Canada, which will work with
Canadian businesses to create, identify and market emission reductions. The
Baseline management team of experienced carbon market professionals will
remain with the company and continue to expand their service offerings to
Canadian corporations.  Blue Source Canada will further be a source of
experience as additional provincial or federal programs are adopted across
Canada.
    "This acquisition enables Blue Source to benefit from Baseline's
experience in Alberta, the first regulated compliance market in North
America," said Blue Source President Greg Spencer. "We look forward to
developing Blue Source Canada into a nationwide resource of emission reduction
solutions that will deliver real and lasting opportunities to businesses in
Canada."
    Blue Source Canada will have a combined expertise, offering Canadian
corporations a greater source of climate change solutions, building on the
work already accomplished. It further offers Canadian corporations access to
Blue Source's unparalleled commitment of investment capital for funding new
emission offset projects.
    "This acquisition will allow rapid expansion of our project capabilities
and technical consulting services for Canadian corporations," said Baseline
co-founder Dave LaBarre, now president of Blue Source Canada. "This will
enable information flow across borders, which enhances our ability to find the
greatest value for our customers."
    
    About Blue Source, LLC
    
    Blue Source is the answer for forward-thinking businesses, offering
multiple approaches for addressing climate change. The company is organized
into a portfolio group, responsible for marketing and managing the carbon
offset portfolio and sourcing new offset projects and a separate project
development group, responsible for identifying, designing, developing and
managing all projects within Blue Source. The company is leading development
of a "carbon highway," through investment in infrastructure to capture and
transport carbon dioxide for long-term geologic storage. Offsets are offered
to wholesale buyers and to financial markets. Blue Source has offices in Salt
Lake City, Houston, Denver, Raleigh, San Francisco and New York. For more
information visit: www.ghgworks.com.

    
    Media Contact:
    Joe McGurk
    T 203.378.1152, ext. 121
    M 203.683.8724
    E jmcgurk@cjpcom.com
    




For further information:

For further information: Joe McGurk for Blue Source, LLC,
+1-203-378-1152,  ext. 121, or m: +1-203-683-8724, jmcgurk@cjpcom.com Web
Site: http://www.ghgworks.com

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BLUE SOURCE LLC

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BASELINE EMISSIONS MANAGEMENT INC.

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