BESSERUNG and replacement of AIG includes funding for carbon offset projects in China and USA
In the last point, the first sentence should read as follows: A project funded conservation … (sted … The Fund maintenance …)
The corrected version is as follows:
AIG complete the funding carbon offset projects in China and USA
The projects are more than 620000 tonnes of CO2 offset credit to retire as part of the strategy on the environment
American International Group, Inc. (AIG: 46.97, +3.11, +7.09%) announced today that the funding procedures for projects in China and USA, receivership or reducing greenhouse gas (GHG) emissions. Total funding for projects is approximately $ 4 million.
The completion of projects, more than 620000 tonnes of CO2 offset an amount which represents the total emissions of greenhouse gases due, AIG’s global operations in 2006 after finding their emissions of gases global greenhouse inventory. The funds are then to retire from the company as part of the environmental strategy underway.
“These projects confirm our commitment to a biological level, the reduction of greenhouse gas effect of our global business activity by energy efficiency and internal measures, acquisition of renewable energy and financing offset projects, “said AIG President and Chief Executive Officer Martin J. Sullivan.” We are very proud that these efforts are both based in China, the country of origin, AIG’s, and the USA, where we are today its headquarters. ”
The portfolio of agricultural projects, in China, which was initially announced in October 2007, located in the Xinjiang and Sichuan Province. China Projects are developed by us-based Environmental Defense Fund and is supported and evaluated by Ecologic Boston-based nonprofit. The discrepancies are recorded and retirement in the VR China Beijing Equity Exchange.
Among the main advantages of the China-projects:
– Allow yourself to the cultivation of plants are grown for consumption less water and fossil fuels
– To promote more efficient use of nitrogen fertilizers
– The production of biogas from agricultural and human waste, which are used for cooking and lighting
– Improved water management in agriculture and rice production
– Help to keep water, control and reduction of dust soil erosion by planting trees in the desert lands
“The Sichuan, Xinjiang and projects for a lasting contribution to finding solutions, people in China enjoy,” said Daniel Dudek, Chief Economist for Environmental Defense Fund. “We are very pleased to partner with AIG on efforts focused on improving the quality of life in rural areas of the country.”
In the USA, a portfolio of three projects on afforestation and improving the ecosystem. In particular:
– A project funded by Ecuador in Environmental Matters, LLC, in the peripheral areas of arable land in North Dakota, South Dakota and South Montana is converted back to native prairie. These efforts are recorded and gaps in retirement Environmental Resources Trust, Inc. (ERT) / Winrock register GHG (R: 65.72, +0.49, +0.75%).
– A project funded by the Trust for Public Land, result that the reforestation of marginal cropland in the Mississippi River delta region of Louisiana. These efforts are also registered and retirees in the registry GHGs.
– A project funded by the conservation fund will contribute to better management of California timberlands harvested relating to produce increases the volume of biomass fuel. These efforts are in California, climate change and action registers to retire in the register GHGs.
“The USA projects will help alleviate three of the most serious environmental problems our country faces,” said John Wiley & Sons Inc. Barbour, director of the ERT Business Unit of Winrock International. “From the west coast, on the Great Plains, until the middle of Bayou Country, positive agricultural and reforestation perceptible impact for generations to come.”
American International Group, Inc. (AIG: 46.97, +3.11, +7.09%), a leading global insurance and financial services, is the leading international organization with offices insurance to more than 130 countries and jurisdictions. AIG commercial enterprises, institutional and individual clients worldwide with more complete damage / casualty and life insurance networks of all insurers. In addition, AIG-enterprises, a leading provider of retirement services, financial services and asset management around the world. AIG’s shares listed on the New York Stock Exchange and the bourses in Tokyo and Ireland.
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