New carbon management firm poised to take advantage of multi-billion
dollar global carbon market

VANCOUVER, Dec. 17, 2012 /CNW/ – Friday’s closing of the deal that sees
Offsetters Clean Technology Inc. join forces with ERA Carbon Offsets
Ltd. creates a new company that is well positioned to take advantage of
a multi-billion dollar carbon market worldwide. Operating under the
banner of ERA Carbon Offsets Ltd., this newly merged company will offer
a broad range of industry-leading support to help organizations fully
manage both their carbon exposure and sustainability objectives.

“Last week’s extension of the Kyoto protocol in Doha, Qatar, though
positive, was also a signal that more action is needed to take action
against climate change,” said James Tansey, President and Chief
Executive Officer of ERA Carbon Offsets Ltd. “By combining two of North
America’s leading carbon project developers, we’re able to provide
high-quality offsets from a range of projects worldwide along with
industry-leading sustainability consulting services. We’re proud to be
leading this aspect of the shift toward a low carbon future.”

As Canada’s largest and most diversified carbon management solutions
company, ERA Carbon Offsets Ltd. helps organizations understand, reduce
and offset their climate impact. Its team of industry leaders
specializes in the origination, development and commercialization of
high-quality carbon offset projects and is proud to also provide
clients with a comprehensive offering of sustainability consultancy
services including carbon, water and waste footprinting — making it one
of the few firms in North America capable of managing an organization’s
climate impact from beginning to end.

“We have brought together a team of 30 of the best climate change and
sustainability professionals in Canada,” added Tansey. “For clients –
regardless of their size or scope – that means ‘one stop shopping’ to
manage their environmental impact.”

The business opportunities related to dealing with global climate change
are significant for ERA Carbon Offsets Ltd., with emerging North
American carbon markets in California, Alberta and Quebec. The World
Bank estimates that carbon markets worldwide are valued at USD $176
billion.

“The recent auction of carbon allowances by the Western Climate
Initiative is the latest example of the economic opportunity,” said
Tansey. “All 23 million tonnes of allowances made available were sold,
at a total value of over USD $230 million.”

The ERA Carbon Offsets Ltd. head office is in Vancouver, B.C., with
staff also located in Portland, Oregon, and Inongo, Democratic Republic
of the Congo.

About ERA Carbon Offsets Ltd.

As Canada’s largest and most diversified carbon management solutions
company, ERA Carbon Offsets Ltd. helps organizations understand, reduce
and offset their climate impact. Its team of industry leaders
specializes in the origination, development and commercialization of
high-quality carbon offset projects and is proud to also provide
clients with a comprehensive offering of sustainability consultancy
services. A merger of ERA Carbon Offsets and Offsetters, ERA Carbon
Offsets Ltd. is based in Vancouver, Canada and has worked with over 150
of the world’s most prestigious organizations including Aimia, Vancity,
lululemon athletica, Catalyst Paper, Harbour Air, HSE – Entega, and
Shell Canada Limited. ERA is publicly listed company on the Toronto
Venture Exchange (TSX-V:ESR) and in Frankfurt:9EA. For more
information, please visit us at www.eraecosystems.com and www.offsetters.ca.

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SOURCE Offsetters Clean Technology