ERA Carbon Offsets Ltd. Combines Two of North America’s Leading Carbon Management Solutions Companies

New carbon management firm poised to take advantage of multi-billion dollar global carbon market

VANCOUVER, Dec. 17, 2012 /CNW/ - Friday's closing of the deal that sees Offsetters Clean Technology Inc. join forces with ERA Carbon Offsets Ltd. creates a new company that is well positioned to take advantage of a multi-billion dollar carbon market worldwide. Operating under the banner of ERA Carbon Offsets Ltd., this newly merged company will offer a broad range of industry-leading support to help organizations fully manage both their carbon exposure and sustainability objectives.

"Last week's extension of the Kyoto protocol in Doha, Qatar, though positive, was also a signal that more action is needed to take action against climate change," said James Tansey, President and Chief Executive Officer of ERA Carbon Offsets Ltd. "By combining two of North America's leading carbon project developers, we're able to provide high-quality offsets from a range of projects worldwide along with industry-leading sustainability consulting services. We're proud to be leading this aspect of the shift toward a low carbon future."

As Canada's largest and most diversified carbon management solutions company, ERA Carbon Offsets Ltd. helps organizations understand, reduce and offset their climate impact. Its team of industry leaders specializes in the origination, development and commercialization of high-quality carbon offset projects and is proud to also provide clients with a comprehensive offering of sustainability consultancy services including carbon, water and waste footprinting — making it one of the few firms in North America capable of managing an organization's climate impact from beginning to end.

"We have brought together a team of 30 of the best climate change and sustainability professionals in Canada," added Tansey. "For clients - regardless of their size or scope - that means 'one stop shopping' to manage their environmental impact."

The business opportunities related to dealing with global climate change are significant for ERA Carbon Offsets Ltd., with emerging North American carbon markets in California, Alberta and Quebec. The World Bank estimates that carbon markets worldwide are valued at USD $176 billion.

"The recent auction of carbon allowances by the Western Climate Initiative is the latest example of the economic opportunity," said Tansey. "All 23 million tonnes of allowances made available were sold, at a total value of over USD $230 million."

The ERA Carbon Offsets Ltd. head office is in Vancouver, B.C., with staff also located in Portland, Oregon, and Inongo, Democratic Republic of the Congo.

About ERA Carbon Offsets Ltd.

As Canada's largest and most diversified carbon management solutions company, ERA Carbon Offsets Ltd. helps organizations understand, reduce and offset their climate impact. Its team of industry leaders specializes in the origination, development and commercialization of high-quality carbon offset projects and is proud to also provide clients with a comprehensive offering of sustainability consultancy services. A merger of ERA Carbon Offsets and Offsetters, ERA Carbon Offsets Ltd. is based in Vancouver, Canada and has worked with over 150 of the world's most prestigious organizations including Aimia, Vancity, lululemon athletica, Catalyst Paper, Harbour Air, HSE - Entega, and Shell Canada Limited. ERA is publicly listed company on the Toronto Venture Exchange (TSX-V:ESR) and in Frankfurt:9EA. For more information, please visit us at www.eraecosystems.com and www.offsetters.ca.

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SOURCE: Offsetters Clean Technology