| Chicago Climate Exchange - Hydro Report | 23 July 07 |
Despite being one of 13 founding Charter Members of the Chicago Climate Exchange (CCX), Manitoba Hydro's compliance report for its greenhouse gas emissions and voluntary reductions is absent from posted 2003-2005 Individual Member Compliance Reports.Launched in 2003, the Chicago Climate Exchange (CCX) asserts it is the world's first and North America's only legally binding rules-based greenhouse gas emissions allowance trading system, as well as the only global mechanism for trading of all six greenhouse gases. CCX has nearly 300 members from all sectors and offset projects worldwide. CCX Members make a voluntary but legally binding commitment to meet annual greenhouse gas (GHG) emission reduction targets. Those who reduce more than the targets have surplus allowances to sell or bank; those who emit above their targets comply by purchasing CCX Carbon Financial Instrument (CFI) contracts. Each 'contract' or trade represents 100 metric tons of CO2 equivalent. Gaile Whelan Enns commented, "It is time for all Manitoba Hydro data about emission targets, carbon loss, methane, and mercury build up to be public. As a public utility Manitoba Hydro must practice transparency both for CCX and in reporting to Canada's greenhouse gas inventory." Visit the Chicago Climate Exchange website View a list of compliance reports to October 2006 Source: Chicago Climate Exchange
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