Grains Oilseeds

[johnlw]

U.S. firm buys stake in Alberta’s top carbon offset company


By Dave Cooper, edmontonjournal.com
January 26, 2010



EDMONTON — Element Markets of Houston has taken an equity stake in Agri-Trend Aggregation Inc., Alberta’s leading aggregator of agriculture carbon offsets.

Robert Saik, Agri-Trend CEO, said the move will expand his Red Deer-based firm’s capacity to help farmers implement greenhouse gas (GHG) reduction and removal technologies in Alberta, Saskatchewan and other provinces.

“As this market unfolds, we value the role Element Markets will play in expanding our business across Canada and into the U.S.,” Saik said in a statement.

Firms such as Agri-Trend Aggregation work with farmers using a tillage protocol that documents carbon sequestration in soils through advanced farm management practices. Customers purchasing carbon offsets from Agri-Trend include fertilizer, oil and gas, chemical and cement firms.