MXenergy Achieves Carbon Neutrality
Leading Energy Provider Retires 891 Metric Tons of Forestry Offsets
Stamford, CT – February 8, 2011 - MXenergy, one of the nation’s fastest growing independent energy suppliers, is proud to announce that it has once again achieved carbon neutrality, maintaining and strengthening its commitment to the environment and reducing its environmental impact.
This is the third straight year the leading natural gas and electricity supplier has voluntarily partnered with the Chicago Climate Exchange (CCX) to offset the greenhouse gas emissions associated with the company’s national operations. The carbon offsets are used to support Valley Wood, Inc, of Columbus, Georgia, a certified offset aggregator with the Chicago Climate Exchange (CCX) that manages over 300,000 acres of sustainable forest land.
The trees purchased through the CCX-registered afforestation program naturally sequester carbon dioxide through photosynthesis. This project was developed with the sole purpose of creating a permanent solution for sequestering greenhouse gas emissions. Beyond addressing the emissions associated with business operations, MXenergy has continued to encourage its employees and business partners to reduce consumption of resources through smart energy and transportation management.
“I am extremely proud of our continuing environmental commitment and carbon neutral status,” said Jeffrey Mayer, MXenergy President & CEO. “Doing what is in our power to help preserve and protect this planet should be a priority for every business and individual in this country. Energy conservation and reducing our environmental impact sit at the very foundation of who we are at MXenergy. As an energy company we take our responsibility to this planet very seriously and I am also proud we give our customers the chance to participate as well through their own individual carbon offset purchases.”
As a national supplier of natural gas and electricity with more than 500,000 customers across the nation, MXenergy maintains a commitment to working with customers to reduce their environmental impact. The company offers a program for customers to offset the emissions associated with their utility purchases. In 2007 MXenergy launched the Earth Friendly Partnership for customers to join the fight against global warming, enabling them to make their homes and businesses carbon-neutral by also purchasing CCX afforestation offsets. Customers who join the partnership pay only a fraction of a penny more for power service, with MXenergy subsidizing the balance.
As part of its membership in the CCX, MXenergy has identified its annual carbon emissions of about 891 metric tons and has retired the same amount of emission reduction credits to make its national operations carbon neutral.
MXenergy became a member of the Chicago Climate Exchange to take part in its voluntary cap-and-trade system offered to North American businesses. As a member, MXenergy made a legally binding emission reduction commitment and after accounting its carbon footprint through CCX offsets the emissions.
About MXenergy
MXenergy is one of the fastest growing retail natural gas and electricity suppliers in North America, serving approximately 500,000 customers in 41 utility territories in the United States and Canada. For over 11 years, the company has provided millions of customers with a choice in how they purchase energy to run their homes and businesses. Founded in 1999 to provide natural gas and electricity to consumers in deregulated energy markets, MXenergy helps residential customers and small business owners control their energy bills by providing both fixed and variable rate plans. MXenergy is committed to best practices in environmental conservation, supporting local communities through various outreach programs and is a member of the Chicago Climate Exchange. For more information MXenergy please visit www.mxenergy.com CCX.About
CCX is a financial institution 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 2005 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 www.chicagoclimateexchange.com.
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CONTACTS:
Marjorie Kass (203) 356-1318 ext. 7801
Managing Director
mkass@mxenergy.com
Laurel O'Connor (209) 782-7212
NorthStar Media Management LLC
laurel@northstarmediamanagement.com
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