<html><head><style type="text/css"><!-- DIV {margin:0px;} --></style></head><body><div style="font-family:times new roman,new york,times,serif;font-size:12pt">Network Participants,<br><br>
<div style="font-family: times new roman,new york,times,serif; font-size: 12pt;"><div style="font-family: times new roman,new york,times,serif; font-size: 12pt;">I am proud to announce the formation of the Offset Quality Initiative (OQI). The GHG Experts Network is a founding member of OQI. <br><br>OQI develops consensus statements on issues related to GHG emission offsets. <br><br>The GHG Experts Network will represent itself as an independent organization as part of the OQI. Given the diversity of participants in the Network, clearly we may not represent your views or that of a majority of participants in the Network. However, the staff of the Network may ask you as a participant to provide your opinion on important issues being addressed by OQI in the future.<br><br>Please see the press release below for more information.<br><br>Michael Gillenwater<br>[moderator]<br><font size="2"><br style="font-family:
arial,helvetica,sans-serif;"></font><hr style="width: 100%; height: 2px; font-family: arial,helvetica,sans-serif;"><font style="font-family: arial,helvetica,sans-serif;" size="2">Michael Gillenwater<br><a rel="nofollow" target="_blank" href="http://www.ghgnetwork.org/">GHG Experts Network</a> <span style="text-decoration: underline;"></span><span style="color: rgb(0, 128, 255);"></span> (Executive Director)<br></font><font size="2"><span style="font-family: arial,helvetica,sans-serif;"></span></font>gillenwater@ghgnetwork.org<br style="font-family: symbol;"><span style="font-family: symbol;"></span><hr style="width: 100%; height: 2px;"><span style="font-family: symbol;"></span><div style="font-family: times new roman,new york,times,serif; font-size: 12pt;"><div style="font-family: times new roman,new york,times,serif; font-size: 12pt;"><style>
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<p class="MsoNormal"><font color="white" face="Trebuchet MS" size="5"><span style="font-size: 18pt; color: white;">Offset
Quality Initiative</span></font></p>
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<p class="MsoNormal" style="text-align: right;" align="right"><b><font color="white" face="Verdana" size="2"><span style="font-size: 10pt; font-family: Verdana; color: white; font-weight: bold;">News Release</span></font></b><font color="white" face="Verdana" size="2"><span style="font-size: 10pt; font-family: Verdana; color: white;"></span></font></p>
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<p class="MsoNormal" style=""><b><font color="black" face="Times New Roman" size="4"><span style="font-size: 13.5pt; color: black; font-weight: bold;">New Partnership
Promotes Integration of High Quality Greenhouse Gas Offsets into Climate
Policy</span></font></b><font color="black"><span style="color: black;"></span></font></p>
<p class="MsoNormal"><b><font color="#003366" face="Trebuchet MS" size="2"><span style="font-size: 10pt; color: rgb(0, 51, 102); font-weight: bold;"><span>Contact:</span></span></font></b><font color="black" face="Trebuchet MS" size="2"><span style="font-size: 10pt; color: black;"><br>
Alexia Kelly, Policy Analyst, The Climate Trust, (503) 238-1915 ext. 208<br>
Tom Steinfeldt, Pew
Center on Global
Climate Change, (703) 516-0638</span></font></p>
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<p class="MsoNormal" style="margin-bottom: 4.5pt;"><b><font color="black" face="Trebuchet MS" size="2"><span style="font-size: 10pt; color: black; font-weight: bold;">Nov. 1, 2007</span></font></b><font color="black" face="Trebuchet MS" size="2"><span style="font-size: 10pt; color: black;"><br>
<br>
<b><span style="font-weight: bold;">Portland</span></b><b><span style="font-weight: bold;">, OR and
Washington , D.C.
- </span></b>Six non-profit leaders in greenhouse gas reduction policy
have announced the formation of the Offset Quality Initiative (OQI). The OQI
will promote a policy agenda focused on the effective incorporation of
high quality greenhouse gas offsets and other reduction mechanisms into
emerging climate change policy.<br>
<br>
"The Offset Quality Initiative brings together many of the
non-governmental community's top experts in the carbon market," said
Mike Burnett, Executive Director of The Climate Trust. "Providing a
forum for these leading thinkers will support policy makers as they
consider the integration of greenhouse gas offsets into emerging climate
change policy." <br>
<br>
The partnership is a collaborative and consensus-based voluntary effort
that brings together the collective experience, resources, and expertise
of its member organizations: The Climate Trust, California Climate Action
Registry, Environmental Resources Trust, Greenhouse Gas Experts Network,
Pew
Center on Global Climate Change,
and The Climate Group. The objectives of the OQI are: </span></font></p>
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<li class="MsoNormal" style="color: black;"><font color="black" face="Trebuchet MS" size="2"><span style="font-size: 10pt;">To develop and promote consensus policy
positions for the optimal integration and treatment of greenhouse
gas offsets in current and future state, regional and national
climate change policy. </span></font></li>
<li class="MsoNormal" style="color: black;"><font color="black" face="Trebuchet MS" size="2"><span style="font-size: 10pt;">To educate stakeholders on the
opportunities and challenges presented by the integration of
greenhouse gas offsets into regulatory and voluntary climate change
mitigation strategies. </span></font></li>
<li class="MsoNormal" style="color: black;"><font color="black" face="Trebuchet MS" size="2"><span style="font-size: 10pt;">To serve as a source of credible
information on greenhouse gas offsets based on the diverse
collective knowledge and experience of the Offset Quality Initiative
members. </span></font></li>
<li class="MsoNormal" style="color: black;"><font color="black" face="Trebuchet MS" size="2"><span style="font-size: 10pt;">To promote innovation in the greenhouse
gas offset market and to provide guidance on best practices and
policies. </span></font></li>
</ul>
<p class="MsoNormal" style="margin-bottom: 12pt;"><font color="black" face="Trebuchet MS" size="2"><span style="font-size: 10pt; color: black;">"As policy makers begin to design future climate
legislation it will be important to have an authoritative source of
information regarding effective, high quality greenhouse gas
offsets," said Janet Peace, Senior Research Fellow at the
Pew
Center on Global Climate Change.
"The Pew
Center is pleased
to be a founding member of this important effort."<br>
<br>
Topics the group plans to address include: key criteria of high quality
greenhouse gas offsets, the interaction of voluntary and regulatory
greenhouse gas reduction markets, opportunities and challenges presented
by various offset project types, and recommended roles for offsets in
emerging climate change policy. </span></font></p>
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<p class="MsoNormal" style="margin-bottom: 4.5pt;"><b><font color="#003366" face="Trebuchet MS" size="2"><span><span style="font-size: 10pt; color: rgb(0, 51, 102); font-weight: bold;">Offset Quality Initiative Members:</span></span></font></b><font color="black" face="Trebuchet MS" size="2"><span style="font-size: 10pt; color: black;"> </span></font></p>
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<p class="MsoNormal" style="margin-bottom: 4.5pt;"><font color="black" face="Trebuchet MS" size="2"><span style="font-size: 10pt; color: black;"><a rel="nofollow" target="_blank" href="http://rs6.net/tn.jsp?e=0011IuxOat5-HepucbAKIDhMrhYhVxk7v0mXkzNI_zG0-m5Y1gT5LGr_wqESg0Wj_QYj3ldJW7_einMoP-OtFkt-STi6f7W3Z6WBj9g03q16k5n-erGDKdTVA==">The Climate Trust</a>
<a rel="nofollow" target="_blank" href="http://rs6.net/tn.jsp?e=0011IuxOat5-Hd3j7OUSlSK_wPZbyzl8FBMeILlNY2SgnQo74fEb7qVBAwphWYtaeF0PF8uHwSxbYRKUHJAMXH0EnZRkJ8wgz9dHLxzcLLnWHJrZk_-E72F9Q==">Greenhouse Gas Experts Network</a><br>
<a rel="nofollow" target="_blank" href="http://rs6net/tn.jsp?e=0011IuxOat5-HeQhVNCbQISn--VQMt0Z14YgyxT6WewkyGEH-2buxGY1m1zPd7gWNSpK924r7IZLVNPFD3kRiDT92KS9uBWRiPEeFhvMY9Gu0rsTBG8iI_yJA0YZsFZ8szU">California Climate Action Registry</a>
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<a rel="nofollow" target="_blank" href="http://rs6.net/tn.jsp?e=0011IuxOat5-HdqV595Y-SOlsrjKwkaJfJzGRxaUQOn1ahXMgVLekRDA94vNDD9lGOIZ873XoSoAFvuHsXeVc_jibDzecRH8taOsYEV2t-Br18=">Environmental Resources Trust</a>
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