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Jan 4, 2010 12:00 AM
CTI Paper USA (Sun Prairie, WI) has joined the Chicago Climate Exchange (CCX), a voluntary, legally binding integrated trading system to reduce all six greenhouse gases with offset projects worldwide. By joining the CCX, CTI will be able to meet its internal commitment to reduce greenhouse gases by offsetting 100% of the emissions associated with the production of its premium specialty papers, ASPIRE Petallics and Currency.
CCX Exchange Participants offset a prespecified number of tons of greenhouse gases associated with various activities, conferences, special events, or business activities, usually by offsetting electricity purchase or travel related to the activity. CCX Exchange Participants establish a CCX Registry Account for the purpose of acquiring and retiring CCX Carbon Financial Instrument (CFI) contracts, the CCX tradable commodity. By opening a CCX Registry Account, CCX Exchange Participants are able to purchase and permanently retire CFI contracts through the verified system of CCX.