Calgary-based electricity retailer Enmax Energy Corp. has announced a deal to buy carbon offset credits from Alberta farmers through Viterra.
Regina-based Viterra, Canada’s largest grain company, buys and aggregates carbon offset credits generated by Alberta farmers who reduce greenhouse gas emissions through adoption of reduced-or zero-till farming methods.
Viterra’s program is based on the Alberta government’s protocols for tillage system management. Its agreement with Enmax will see the grain firm supply aggregated carbon offset credits to the power company for 10 years.
“Our long-term arrangement with Enmax Energy ensures our customers will have access to a reliable market for their carbon credits through two financially strong partners,” said George Prosk, Viterra’s senior vice-president of financial products, in a release Friday.
Enmax, a subsidiary of the City of Calgary, said in the same release that on top of this agreement, it “will continue to identify opportunities to invest in carbon offsets as well as in renewable energy resources.”