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Wesfarmers Insurance has contracted Carbon Conscious Ltd, a leading carbon forest sink developer, to offset the company’s 2010 corporate emissions. The Wesfarmers Insurance agreement follows major deals announced in 2009 with Origin Energy and BP Singapore worth $189 million and $2.5 million respectively.
According to the deal, Carbon Conscious will plant 26,000 Mallee eucalypt trees on marginal Western Australian farmland to assist with rural environmental issues of salinity and soil erosion. Carbon Conscious will also retire Voluntary Carbon Standard (VCS) units from beneficial regional renewable energy projects on behalf of Wesfarmers Insurance.
General Manager Corporate Affairs for Wesfarmers Insurance, Georgie Morell said, “We are pleased to be a part of a program where Carbon Conscious was planting trees in many of the regional areas where our business operates. Additionally by retiring VCU’s, we have also ensured that we will be National Carbon Offset Standard (NCOS) compliant and this is important to our efforts around sustainability.”
CEO of Carbon Conscious Peter Balsarini commented, “We welcome Wesfarmers Insurance and congratulate them on their ongoing commitment to the environment especially related to carbon dioxide emissions and regional issues of salinity and soil erosion.”
Trees will be established in a permanent manner, will store carbon over a 30‐year period and will be maintained by Carbon Conscious Ltd through their Carbon Capture ProgramTM. The trees are native to Australia and will help reduce salinity and wind erosion on farms whilst contributing to the fight against climate change.