Bank commits to reducing its environmental impact with Bullfrog Power and
The Pembina Institute
TORONTO, June 17 /CNW/ - TD Canada Trust today announced an agreement
with Bullfrog Power and The Pembina Institute through which the bank will
annually purchase 6,432 megawatt hours (MWh) of clean, renewable power from
emission-free generation sources such as wind power and low-impact water
power. This renewable electricity will match the power used by the TD Green
Machine network of nearly 2,600 Automated Bank Machines across the country.
The decision to purchase green power follows up on the bank's commitment
to reduce greenhouse gas emissions across its Canadian operations, and is one
of the steps TD is taking to ensure its Canadian operations are carbon neutral
in 2010. TD is the first major bank in Canada to adopt this goal.
"Reducing our own greenhouse gas emissions is a key element of our
ongoing commitment to tackle climate change and reduce our environmental
impact," said Mike Pedersen, Group Head Corporate Operations, TD Bank
Financial Group. "By choosing clean, renewable power for our Green Machines,
we will reduce our carbon footprint, help clean our air quality and support
the development of renewable energy."
"We're very pleased to be working with TD to advance the development of
renewables in Canada," said Tom Heintzman, President, Bullfrog Power. "TD
Canada Trust's decision to green its Green Machines will not only reduce the
bank's electricity-related emissions footprint, it will also help to raise
awareness about the choice many Canadians have to buy green power for their
own homes and businesses."
Bullfrog Power, a leading Canadian provider of 100 per cent green
electricity, provides homes and businesses in Alberta and Ontario with an easy
way to reduce their footprint and help create clean, renewable sources that
displace polluting and carbon-intensive sources such as coal. In regions where
Bullfrog Power is available, TD Green Machines are now "bullfrogpowered."
Where Bullfrog Power is not available, The Pembina Institute will inject
made-in-Alberta wind power onto the electricity grid to match the electricity
use of the Green Machines in those regions.
For more information please visit www.tdcanadatrust.com/greenpower.
About TD Bank Financial Group
The Toronto-Dominion Bank and its subsidiaries are collectively known as
TD Bank Financial Group. TD Bank Financial Group is the seventh largest bank
in North America by branches and serves approximately 17 million customers in
four key businesses operating in a number of locations in key financial
centres around the globe: Canadian Personal and Commercial Banking, including
TD Canada Trust; Wealth Management, including TD Waterhouse and an investment
in TD Ameritrade; U.S. Personal and Commercial Banking through TD Banknorth
and Commerce; and Wholesale Banking, including TD Securities. TD Bank
Financial Group also ranks among the world's leading on-line financial
services firms, with more than 5.5 million on-line customers. TD Bank
Financial Group had CDN$503.6 billion in assets as of April 30, 2008. The
Toronto-Dominion Bank trades on the Toronto and New York Stock Exchanges under
the symbol "TD", as well as on the Tokyo Stock Exchange.
About Bullfrog Power
Bullfrog Power is a leading provider of 100 per cent green electricity.
Founded in 2005, Bullfrog provides homes and businesses in Alberta and Ontario
with an easy way to go green and help create a cleaner, healthier environment
for future generations. All of Bullfrog's power comes from clean, renewable
sources like wind power and low-impact water power that displace polluting and
carbon-intensive sources like coal. Bullfrog sources power exclusively from
generators that have received Environment Canada's Environmental Choice(M)
Program EcoLogo(M) certification. Thousands of Canadian homeowners and
hundreds of businesses have made the decision to become "bullfrogpowered" and
support the generation of clean, renewable power. www.bullfrogpower.com
About The Pembina Institute
The Pembina Institute is a national non-profit environmental organization
that advances sustainable energy solutions through innovative research,
education, consulting and advocacy. We envision a world in which our immediate
and future needs are met in a manner that protects the earth's living systems;
ensures clean air, land and water; prevents dangerous climate change and;
provides for a safe and just global community. www.pembina.org
For further information:
For further information: Matthew Cram, TD Bank Financial Group, (416)
983-1514, email@example.com; Lauren Mostowyk, Bullfrog Power, (416) 360-3464