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| Sourced From First Climate |

San Francisco, California, February 12, 2009

First Climate, a global leader in carbon asset management, is pleased to announce the further expansion of its US operations to include two new staff members based out of our San Francisco office. Irene Hsieh and James Heath join First Climate (FC US) to oversee carbon investment advisory services and carbon offset project origination respectively. Commenting on the new hires, Greg Chambers, Managing Director for the San Francisco office shared that “we are thrilled to have both Jim and Irene join our team and we look forward both to continuing to strategically build our US staff and to increasing our focus on infrastructure projects that reduce GHG emissions. The new Obama administration promises to take decisive and dramatic action to mitigate US GHG emissions and we plan to continue to provide tailored investment advisory solutions to meet the needs of both the voluntary and future compliance market.”

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Posted on February 12, 2009 · in Press Releases