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NEIA commends Mysa Smart Thermostats for leading by example in its purchase of home grown carbon credits

For Immediate Release
November 16, 2018

The Newfoundland and Labrador Environmental Industry Association (NEIA) is commending its member, Mysa Smart Thermostats, for leading by example in its purchase of ‘home grown’ carbon credits to offset the impact of its operations.

Earlier this month Mysa purchased carbon credits to offset the environmental impact of its operations. “This is a very meaningful display of corporate social responsibility,” said Kieran Hanley, NEIA’s Executive Director. “It is inspiring to see such a young company take this kind of action; it is a powerful reminder of the importance of that relationship between business and environment, and we hope that other firms see fit to follow Mysa’s example.”

Glenn Sharp (Sharp Management) presents Mysa CEO Joshua Greene with a certificate recognizing the company’s purchase of 96 carbon offset credits

Mysa calculated its annual emissions to be about 96 tonnes – valued at $2,400. This included all office electricity and energy use, as well as both local and international transportation for the whole year.

“What is particularly special about this occasion is that the carbon credits Mysa purchased were the first ever to be generated, verified, and sold in Newfoundland and Labrador,” noted Hanley. Earlier this year Sharp Management Inc., through the design and implementation of engineered wetlands to treat sewage wastewater in the towns of Stephenville and Appleton/Glenwood, acquired certification of 55,071 carbon credits from offsetting emissions of 50,000 tonnes of CO2, on these projects.

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“This is an instance where two companies with entirely different product offerings – through their shared values around environmentally sustainable economic development – collaborated to make a difference,” said Hanley. Revenues generated from the sale of credits will be split 50/50 with Stephenville, Appleton, and Glenwood who made the investment in the sustainable technology. “Great things can happen when companies engage in partnership, and today is a proud day for NEIA seeing two of its members do just that.”

NEIA is a not-for-profit association of businesses that promotes the development of clean technology and the growth of the green economy in Newfoundland and Labrador. NEIA has over 200 members. More information can be found at http://www.neia.org.

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Media Contact:
Kieran Hanley
kieran@neia.org

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