A major oil company has taken a minority interest in Westernfield
Holding Co., a leading developer of high-quality greenhouse gas emission reduction projects.
Westernfield Holdings has been profitable and has financed its growth out of the cash flow generated from carbon asset development and related advisory services for a few years now. Through the investment from this company will accelerate its expansion and consolidate its leading position in the markets for regulated and voluntary emission reductions. Together both companies are in a strong position to seize the many opportunities that present themselves in the carbon markets at a time of market volatility. Success in coming years will require the right combination of technical expertise, financial muscle and global reach.
"Westernfield Holdings believes that efficiently managing carbon emissions is an increasingly important activity to ensure long-term competitiveness in the global energy industry. In our view, the carbon markets will play a vital and growing role in coming years, which is why we are enthused to partner with a premier carbon asset developer like Westernfield Holdings who has a vast knowledge of the markets, experience in a broad range of project types and a presence in key geographic markets."
The collaboration of these two companies in the market for Certified Emission Reductions (CERs) and VERs Voluntary Emission reductions, under the Clean Development Mechanism (CDM) to originate and implement high-quality emission reduction projects, develop new partnerships and establish effective routes to market.
