FCM opens carbon offset market to canadian municipalities

    OTTAWA, Oct. 25 /CNW Telbec/ - The Federation of Canadian Municipalities
(FCM) plans to help Canadian municipalities get into the market for
carbon-offset credits.
    Municipal governments are committed to reducing greenhouse-gas emissions
from their operations, and upcoming federal air-emission regulations are
expected to allow municipal governments to sell their emission reductions as
carbon-offset credits.
    FCM has created the Green Municipal Corporation to purchase, aggregate
and sell carbon-offset credits earned by municipal governments.
    "A changing climate will have a profound impact on our communities, both
people and infrastructure," said FCM President Gord Steeves. "FCM's Green
Municipal Corporation is another demonstration of our commitment to contribute
to meeting Canada's climate change and clean air objectives. We encourage all
Canadian municipalities to reduce their greenhouse-gas emissions and work with
GMC to turn these reductions into carbon offset credits."
    The corporation will work with provincial and territorial municipal
associations to help municipal governments overcome regulatory, technical and
financial barriers to entering the market and minimize the risks. The
corporation's services will be financed entirely by fees for services.

For further information:

For further information: Maurice Gingues, FCM Media Relations, (613)
907-6395; Doug Salloum, Green Municipal Corporation, (613) 219-5396,

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Federation of Canadian Municipalities

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