September 18, 2008
Google, GHGS Co-developing GHG Reduction Projects
On the heels of the announcement that GE and Google have teamed up to lobby in Washington D.C. for renewable energy and to work on energy technologies comes the news that Google is working with Greenhouse Gas Services LLC to develop projects that reduce GHG emissions and produce GHG credits. GHGS is a venture between GE Energy Financial Services and AES Corp.
The initial project will capture methane gas at the Mount Herman landfill in Caldwell County, N. C.
GHGS will design, build and operate the facility, which is expected to capture more than 120,000 tons of landfill gas over ten years. The project will use the GHGS Standard of Practice to govern the creation, management and retirement of the credits. Google will add these offsets to its carbon portfolio to reach its goal of company-wide carbon neutrality.
Financial details of the transaction were not disclosed.
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