Jump to full article: The Hindu Online (in), 2004-12-19
Intro: Under its environmental protection measures, tobacco and hotel major ITC Ltd is planning to foray into carbon trading, a virtual trading of oxygen which is replenished by the company in the environment.
The company is also in talks with US Environmental Protection Agency (EPA), Lawrence Berkeley National Laboratory and Indian Institute of Science (IIS) to facilitate its entry into carbon trading, ITC Paperboard Specialty and Paper Division (ITC PSPD) Chief Executive Officer Pradeep Dhobale told PTI from Bhadrachalam in Andhra Pradesh today.
A team from EPA, Lawrence Berkeley (US-based science and engineering research firm) and IIS has visited the company's Bhadrachalam unit last week to access ITC's contribution to replenish oxygen in the atmosphere, he said.
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A number of industries across the globe usurp oxygen from the atmosphere for its operations and churn out carbon-dioxide, which is a Green House Emission Gas (GHG).
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