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Boise Inc. Joins Chicago Climate Exchange(R)

2008-07-24 12:00:00

Boise Inc. Joins Chicago Climate Exchange(R)

    CHICAGO, July 24 /EMWNews/-- Boise Inc. has become a

member of the Chicago Climate Exchange (CCX(R)), the world's first and

North America's only voluntary, legally binding integrated greenhouse gas

emissions reduction, registry and trading system.



    As part of its membership in CCX, Boise Inc. has made a voluntarily but

legally-binding commitment to achieve an absolute greenhouse gas emission

reduction of six percent below its baseline -- a four-year average of the

years 1998 to 2001 -- by the end of 2010.



    CCX operates a cap-and-trade system. Members who beat the targets have

surplus allowances to sell or bank, and those who have emissions above the

targets must purchase CCX Carbon Financial Instrument contracts to achieve

compliance. Third-party verification is provided by the Financial Industry

Regulatory Authority (FINRA), a leading financial regulator in the United

States.



    "We welcome Boise Inc. to CCX. As a leader in their field, they bring

their experience and know-how to this important issue. CCX and its members

look forward to working with them," said Dr. Richard L. Sandor, CCX's

Chairman and CEO. "Boise's membership underscores the importance of having

a third-party verified, rules-based system such as CCX that can complement

and enhance corporate sustainability and greenhouse gas mitigation and

management initiatives already underway."



    "We are committed to comprehensive sustainability in our social,

environmental, and economic actions," said Alexander Toeldte, President and

CEO, Boise Inc. "Reducing energy use improves our financial performance and

supports our stewardship principle of managing our businesses to sustain

environmental resources for future generations. Our participation in the

Chicago Climate Exchange will allow us to capture greater value from our

greenhouse gas reduction efforts. We have already reduced fossil fuel use

per ton of production at our paper mills by 28% from 1996 to 2007, and

increased our renewable energy use to 64% of total energy consumption

during the same period."



    About Boise Inc.



    Headquartered in Boise, Idaho, Boise Inc. (NYSE: BZ) manufactures

packaging products and papers including corrugated containers,

containerboard, label and release and flexible packaging papers, imaging

papers for the office and home, printing and converting papers, newsprint,

and market pulp. Our entire team of more than 4,600 employees is committed

to delivering excellent value while managing our businesses to sustain

environmental resources for future generations. Visit our website at

http://www.BoiseInc.com.



    About Chicago Climate Exchange, Inc. and Chicago Climate Futures

Exchange



    CCX is an Exchange whose objectives are to apply financial innovation

and incentives to advance social, environmental and economic goals. CCX,

which began trading in 2003, is the world's first and North America's only

legally binding, rules-based greenhouse gas emissions allowance trading

system, as well as the world's only global system for emissions trading

based on all six greenhouse gases. CCX members are leaders in greenhouse

gas management and mitigation, including offset providers and offset

aggregators, and located throughout the United States. CCX members derive

from all sectors of the global economy, including the public sector, and

emissions reductions being achieved through CCX by major utilities,

corporations, cities, states and counties, are the only reductions in North

America being achieved through a legally binding compliance regime, subject

to independent third party verification provided by FINRA and price

transparency. The founder, Chairman and CEO of CCX is economist and

financial innovator Dr. Richard L. Sandor, who was named a Hero of the

Planet by Time magazine in 2002 for his founding of CCX, and in 2007 as the

"father of carbon trading." For a full history of CCX, full roster of CCX

members, daily prices and other Exchange information, see

http://www.chicagoclimateexchange.com.



    Chicago Climate Futures Exchange (CCFE), a wholly owned subsidiary of

the Chicago Climate Exchange, is a CFTC designated contract market which

offers standardized and cleared futures and options contracts on emission

allowances and other environmental products. Clearing services are provided

by The Clearing Corporation, the only active independent futures

clearinghouse in the world. Market surveillance services are provided by

the National Futures Association, the industrywide, self-regulatory

organization for the U.S. futures industry.



    CCX, a U.S. corporation, launched its trading platform in 2003. In

2005, CCX launched the European Climate Exchange (ECX), now the leading

exchange operating in the European Union Emissions Trading Scheme. Since

2006, both CCX and ECX have been owned by Climate Exchange plc, a publicly

traded company listed on the AIM division of the London Stock Exchange

(CLE.L).



    CCX has members nationwide and internationally including major

manufacturing companies, utilities, governmental entities and universities.

More information about CCX can be found at this link:

http://www.chicagoclimatex.com/.





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Jordan Taylor

Jordan Taylor is Sr. Editor & writer from San Diego, CA. With over 20 years and 2650+ articles edited rest assured your Press Release will see traction.

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