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SAN FRANCISCO, CA - October 20, 2008 - The Center for Resource Solutions announced today it has certified carbon offsets used in Hess Corporation’s new C-Neutral product as Green-e(R) Climate Certified. New York-based Hess Corporation joins the growing network of retail greenhouse gas reduction (carbon offset) providers that offer products certified by Green-e Climate, the nation’s leading certification and verification program for retail offsets.
Through C-Neutral, Hess engineers calculate the carbon emissions associated with a customer’s energy usage and include enough carbon offsets with the energy purchased to make it up to 100 percent carbon neutral. Hess C-Neutral’s carbon offsets have met or exceeded Green-e Climate’s strict standards for project verification and measurement, consumer transparency, and truth-in-marketing claims, and has been granted the use of the Green-e Climate Certified logo.
“By certifying C-Neutral’s carbon offsets with Green-e Climate, Hess is showing that it takes offset quality seriously by providing its customers with transparency and the assurance that the offsets they are purchasing are real, additional, and verified,” said Jane Valentino, Green-e Climate senior analyst. “We are pleased to have them in the program.”
Carbon offsets used in Hess C-Neutral are sourced from landfill gas projects certified by the Voluntary Carbon Standard (VCS); and domestic renewable energy certified by the Green-e Climate Protocol for Renewable Energy, a strict protocol for determining the eligibility of domestic renewable energy projects to provide offsets. By purchasing Hess C-Neutral, companies will support currently available renewable resources as well as aid the development of new landfill gas projects and renewable resources to be built in the U.S.
“Demand from customers for environmentally responsible energy solutions has never been stronger,” said Gene Kutcher, Hess Energy Marketing vice president of sales. “Hess is in a unique position to be able to offer our customers a comprehensive and flexible energy solution like C-Neutral, and that’s particularly important when you consider that C&I sectors are responsible for almost half of U.S. greenhouse gas emissions. Our customers count on our 75-year reputation for quality, so we’re very pleased to be able to offer them the assurance of Green-e Climate Certified offsets as part of C-Neutral.”
Green-e Climate is a consumer-protection program requiring that greenhouse gas emission reductions be verified according to strict project-level certifications that ensure the reductions have taken place, are permanent, and come from projects that would not have happened under a “business as usual” scenario. Sellers of certified offsets must provide customers with a product content label that explains where the reductions were sourced from, including the locations and types of projects, such as renewable energy, forestry, and methane capture. Sellers must also undergo a yearly audit to ensure their supply of offsets matches their sales, and comply with Green-e Climate’s consumer-disclosure and truth in advertising requirements.
About Green-e Climate and Center for Resource Solutions
Green-e Climate is the nation’s first certification program for greenhouse gas emission reductions sold to consumers on the retail market. This consumer-protection program strengthens the voluntary market by providing credible oversight of and transparency to retail offset products. Green-e Climate is a program of the Center for Resource Solutions (CRS), a San Francisco–based nonprofit with a global impact. CRS brings forth expert responses to climate change issues with the speed and effectiveness necessary to provide real-time solutions. Its leadership through collaboration and environmental innovation builds policies and consumer-protection mechanisms in renewable energy, greenhouse gas reductions, and energy efficiency that foster healthy and sustained growth in national and international markets. Find out more at www.green-e.org/climate.
About About Hess Corporation
Hess Corporation (NYSE:HES), with headquarters in New York, is a global integrated energy company engaged in the exploration, production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum, natural gas and electricity products. Hess is the largest provider of natural gas, fuel oil and electricity to commercial and industrial customers in the East Coast markets in which it operates. Hess’ Energy Marketing business is supported by extensive assets and regional sales and operations offices in 14 states. For more information, please visit www.hessenergy.com.
Sourced From CSRwire
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