Boise Inc. Joins Chicago Climate Exchange(R)



    CHICAGO, July 24 /CNW/-- Boise Inc. has become a member of the Chicago
Climate Exchange (CCX(R)), the world's first and North America's only
voluntary, legally binding integrated greenhouse gas emissions reduction,
registry and trading system.
    As part of its membership in CCX, Boise Inc. has made a voluntarily but
legally-binding commitment to achieve an absolute greenhouse gas emission
reduction of six percent below its baseline -- a four-year average of the
years 1998 to 2001 -- by the end of 2010.
    CCX operates a cap-and-trade system. Members who beat the targets have
surplus allowances to sell or bank, and those who have emissions above the
targets must purchase CCX Carbon Financial Instrument contracts to achieve
compliance. Third-party verification is provided by the Financial Industry
Regulatory Authority (FINRA), a leading financial regulator in the United
States.
    "We welcome Boise Inc. to CCX. As a leader in their field, they bring
their experience and know-how to this important issue. CCX and its members
look forward to working with them," said Dr. Richard L. Sandor, CCX's Chairman
and CEO. "Boise's membership underscores the importance of having a
third-party verified, rules-based system such as CCX that can complement and
enhance corporate sustainability and greenhouse gas mitigation and management
initiatives already underway."
    "We are committed to comprehensive sustainability in our social,
environmental, and economic actions," said Alexander Toeldte, President and
CEO, Boise Inc. "Reducing energy use improves our financial performance and
supports our stewardship principle of managing our businesses to sustain
environmental resources for future generations. Our participation in the
Chicago Climate Exchange will allow us to capture greater value from our
greenhouse gas reduction efforts. We have already reduced fossil fuel use per
ton of production at our paper mills by 28% from 1996 to 2007, and increased
our renewable energy use to 64% of total energy consumption during the same
period."
    
    About Boise Inc.
    
    Headquartered in Boise, Idaho, Boise Inc. (NYSE:   BZ) manufactures
packaging products and papers including corrugated containers, containerboard,
label and release and flexible packaging papers, imaging papers for the office
and home, printing and converting papers, newsprint, and market pulp. Our
entire team of more than 4,600 employees is committed to delivering excellent
value while managing our businesses to sustain environmental resources for
future generations. Visit our website at http://www.BoiseInc.com.
    
    About Chicago Climate Exchange, Inc. and Chicago Climate Futures Exchange
    
    CCX is an Exchange whose objectives are to apply financial innovation and
incentives to advance social, environmental and economic goals. CCX, which
began trading in 2003, 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
mitigation, including offset providers and offset aggregators, and located
throughout the United States. CCX members derive from all sectors of the
global economy, including the public sector, and emissions reductions being
achieved through CCX by major utilities, corporations, cities, states and
counties, are the only reductions in North America being achieved through a
legally binding compliance regime, subject to independent third party
verification provided by FINRA and price transparency. The founder, Chairman
and CEO of CCX is economist and financial innovator Dr. Richard L. Sandor, who
was named a Hero of the Planet by Time magazine in 2002 for his founding of
CCX, and in 2007 as the "father of carbon trading." For a full history of CCX,
full roster of CCX members, daily prices and other Exchange information, see
http://www.chicagoclimateexchange.com.
    Chicago Climate Futures Exchange (CCFE), a wholly owned subsidiary of the
Chicago Climate Exchange, is a CFTC designated contract market which offers
standardized and cleared futures and options contracts on emission allowances
and other environmental products. Clearing services are provided by The
Clearing Corporation, the only active independent futures clearinghouse in the
world. Market surveillance services are provided by the National Futures
Association, the industrywide, self-regulatory organization for the U.S.
futures industry.
    CCX, a U.S. corporation, launched its trading platform in 2003. In 2005,
CCX launched the European Climate Exchange (ECX), now the leading exchange
operating in the European Union Emissions Trading Scheme. Since 2006, both CCX
and ECX have been owned by Climate Exchange plc, a publicly traded company
listed on the AIM division of the London Stock Exchange (CLE.L).
    CCX has members nationwide and internationally including major
manufacturing companies, utilities, governmental entities and universities.
More information about CCX can be found at this link:
http://www.chicagoclimatex.com/.




For further information:

For further information: Rafael Marques of Chicago Climate Exchange,
+1-312-554-3384; or Karen Punch of Boise Inc., +1-208-384-7037 Web Site:
http://www.BoiseInc.com                 http://www.chicagoclimateexchange.com
                http://www.chicagoclimatex.com

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BOISE INC.

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