Viterra reaches carbon credit milestone

Calgary-Viterra Inc. reported last week that its carbon credit program has aggregated more than one million offsets, representing over $10 million paid to Alberta farmers, since its launch in March, 2008. Viterra purchases and aggregates carbon offset credits – based on the Alberta government’s protocols for tillage system management – that are generated through no-till or reduced till practices on agricultural land, which decrease greenhouse gas emissions. “Viterra’s carbon credit program illustrates our commitment to developing solutions that bring value to our farm customers while encouraging sustainable farming practices,” said Doug Wonnacott, Viterra’s senior vice-president, Agri-products. “Reaching this milestone is a testament to the success of our program and to our employees, who work closely with our customers.” In November 2008, Viterra signed a long-term supply agreement with ENMAX Energy Corp., Alberta’s leading competitive electricity retailer, giving Viterra customers access to a reliable market for their carbon offset credits. “We would like to congratulate Viterra on the success of its carbon credit program. Innovative solutions such as these are excellent examples of what can be accomplished through collaboration and a shared commitment to environmental best practices,” said Corey Wilson, ENMAX commercial manager.