CO2 venture launches in US

Blue Source, a US-based company which invests in carbon reduction projects and supplies offsets, has teamed up with private equity firm First Reserve to create the first US venture to reduce CO2 emissions across the energy, manufacturing and transportation sectors.

Potential investments targeted by the venture include projects that capture and sequester carbon dioxide emissions from the flue stack in power generation, advanced energy conservation, methane capture from coal mines and agriculture and the distribution of natural gas.

Blue Source says that these projects will generate greenhouse gas (GHG) offsets which companies can purchase and trade under several voluntary programmes currently underway in North America,including the Regional Greenhouse Gas

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