Friday, January 11, 2008

EcoSecurities and Intrepid Technology and Resources, Inc. Sign Agreement for Transfer of Carbon Credits (ECO.L; IESV:OB)

From CNN Money:

EcoSecurities, a leading company in the business of sourcing, developing and trading carbon credits from greenhouse gas emission reduction projects, and Intrepid Technology and Resources (ITR), a specialist in the development of biofuel production projects, announce the completion of an agreement for the transfer of carbon credits from methane gas production.

EcoSecurities will develop and purchase carbon credits produced from Whitesides Dairy and Westpoint Dairy in Southern Idaho. Biogas plants designed, owned and constructed at both dairies by ITR will capture and destroy methane gas produced from a total of nearly 11,000 dairy cows. In the past, the manure at these dairies produced significant amounts of methane that was released directly into the atmosphere. As a greenhouse gas, methane has 21 times the global warming potential of carbon dioxide, and is a common bi-product of manure management on agricultural operations....MORE