FOR IMMEDIATE RELEASE
Toronto, Canada
February 16, 2005

First Nations Join GHGx in the Fight Against Global Climate Change

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Toronto, Canada – GHGx© Corporation (Greenhouse Gas Exchange) has marked the day that the Kyoto Protocol becomes Canadian and international law by announcing an agreement with a First Nation community to list emission credits on the GHGx exchange from their renewable energy project.

Harold Sault, Chief of the Red Rock Indian Band (RRIB) of Nipigon, Ontario, emphasized the respect that the band, and First Nations people in general, have for the environment. Chief Sault said that he “believes that good environmental practices can work hand-in-hand with social needs and still be financially beneficial.”

Fil Magnoli, a Director of Toronto-based GHGx, stated that “Aboriginal and indigenous peoples have had a wonderfully close relationship with nature and now have the opportunity to benefit financially from their good stewardship of the environment.”

Emission credits (sometimes referred to as Kyoto or carbon credits) are a market-based instrument providing financial incentive to reduce atmospheric emissions. Trading the credits is necessary for the Kyoto mechanism to work. That’s where GHGx comes in.

According to Dan Goldberger, Managing Director, GHGx's guiding philosphoy has always been that “A global issue requires a global solution. GHGx was developed to provide that solution.” By creating a fast, efficient, transparent, and low-cost market for trading emission credits, GHGx is playing an important role in the development of lower emission energy and industrial process alternatives in Canada and around the world.

About GHGx Corporation
GHGx Corporation (Greenhouse Gas Exchange) is the world’s first global, real-time, open standards-based, greenhouse gas emission credit trading system. GHGx provides secure data transmission with any locally developed national emissions registries and has developed a Kyoto-specific, standards-based registry for countries seeking Kyoto-mandated implementations.

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