Domtar Corporation Joins CCX and Pledges to Further Reduce Emissions
Montreal, Quebec, Canada, 03 December 2008 -- /PRNewswire/ -- Domtar Corporation (NYSE/TSX: UFS) has joined the Chicago Climate Exchange (CCX), demonstrating its ongoing commitment to environmentally friendly and sustainable practices. CCX is North America's only active voluntary, legally-binding cap-and-trade system aimed at the registry and reduction of greenhouse gas emissions, with offset projects worldwide.
Domtar has made a voluntary, legally-binding commitment to achieve an absolute greenhouse gas emission reduction of 6% below its emission levels in year 2000, by the end of 2010. Domtar has already reduced its use of fossil fuels by 21.3% from 2002 to 2007, increasing the use of renewable energy to approximately 79% and reducing greenhouse gas emissions by 21.6% over the same period.
"Our quest for excellence in energy efficiency and the reduction of our environmental footprint are both integral parts of our sustainability agenda," said Raymond Royer, president and chief executive officer of Domtar Corporation. "Joining CCX and making an explicit commitment to reduce our greenhouse gas emissions reinforces our leadership position and our broader commitment to sustainable practices and continuous improvement," he said.
"Domtar's decision illustrates their focus on sustainable practices and also underscores the importance of working with a recognized, rules-based trading system such as ours to enhance a commitment to sustainability," said Richard L. Sandor, chairman and chief executive officer of CCX.
For more information on Domtar's commitment to sustainability and targets for the coming years, please consult its 2007 Sustainable Growth Report available at www.domtar.com.
Domtar Corporation (NYSE/TSX:UFS) is the largest integrated manufacturer and marketer of uncoated freesheet paper in North America and the second largest in the world based on production capacity, and is also a manufacturer of papergrade, fluff and specialty pulp. The company designs, manufactures, markets, and distributes a wide range of business, commercial printing and publication as well as converting and specialty papers. Domtar owns and operates Domtar Distribution Group, an extensive network of strategically located paper distribution facilities. Domtar also produces lumber and other specialty and industrial wood products. The company employs nearly 13,000 people. To learn more, visit www.domtar.com.
About Chicago Climate Exchange
CCX is an Exchange whose objectives are to apply financial innovation and incentives to advance social, environmental, and economic goals. CCX, which began trading in 2003, is the world’s first and North America’s only legally binding, rules-based greenhouse gas emissions allowance trading system, and the world’s only global system for emissions trading based on all six greenhouse gases. CCX, a U.S. corporation, launched its trading platform in 2003. In 2005, CCX launched the European Climate Exchange (ECX), now the leading exchange operating in the European Union Emissions Trading Scheme. Since 2006, both CCX and ECX have been owned by Climate Exchange plc, a publicly traded company listed on the AIM division of the London Stock Exchange (CLE.L). CCX has members nationwide and internationally including major manufacturing companies, utilities, governmental entities, and universities. More information about CCX can be found at http://www.chicagoclimatex.com/.