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Carbon Credit Solutions Ranks #140 Fastest Growing Company in North America on Deloitte’s 2018 Technology Fast 500™
Attributes 804% revenue growth to excellent execution on our business plan, combined with strategic acquisitions.
Calgary, Alberta, December 6, 2018… Carbon Credit Solutions Inc.(CCSI) announced today it ranked 140 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in all of North America. CCSI grew 804 percent during this period.
CCSI’s chief executive officer, Ed Alfke, credits attracting top people, and CCSI president Alastair Handley’s world-leading software platform with the company’s high 804% revenue growth. He said, “Our success is due to our dedicated employees who continue driving to make a difference for “planet positive business-driven outcomes.” We all now know slowing global warming is mankind’s #1 priority. The proof is irrefutable, based on the UN’s latest study released.”
“Congratulations to the Deloitte 2018 Technology Fast 500 winners on this impressive achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “These companies are brilliant innovators who have converted their disruptive ideas into useful products, services and experiences that captivate new customers and drive remarkable growth.”
“Software, which accounts for nearly two of every three companies on the list, continues to produce the most exciting technologies of the 21st century, including innovations in artificial intelligence, predictive analytics and robotics,” said Mohana Dissanayake, national managing partner for the technology, media and telecommunications industry, Deloitte & Touche LLP, within Deloitte’s audit and assurance practice. “This year’s ranking demonstrates what I believe is a national phenomenon, where companies from all parts of America are transforming the way we do business by combining breakthrough research and development, entrepreneurship and rapid growth.”
Overall, 2018 Technology Fast 500™ companies achieved revenue growth ranging from 143 percent to 77,260 percent from 2014 to 2017, with median growth of 412 percent.
CCSI is also the recipient of the 2018 Deloitte Technology Fast 50™ program, ranking 28 out of 50.
About Deloitte’s 2018 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2014 to 2017.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to most of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
For more information from CCSI, Contact:
Light Switch Marketing Inc.
Mobile: 403.620.5041 Email: email@example.com
Carbon Credit Solutions Inc. announced as one of Deloitte’s Technology Fast 50™ companies.
November 15, 2018, Calgary, AB… Carbon Credit Solutions Inc. (CCSI) is presented the Deloitte Technology Fast 50™ program award for its rapid revenue growth, entrepreneurial spirit and bold innovation. The program and annual award distinguishes 50 Canadian technology companies with the highest revenue-growth percentage over the past four years. CCSI ranks #28 with 804% in revenue growth from 2014 to 2017.
CCSI’s technology is a proprietary MRV software platform and systematic business processes to measure, quantify, and aggregate greenhouse gas emissions that have been removed from the atmosphere. The technology supports CCSI’s distinctive excellence in their ability to mitigate risk, implement controls and accurately measure the success of green projects in a transparent fashion.
“We are thrilled to be recognized for the work we do,” says Alastair Handley, President and founder of Carbon Credit Solutions Inc. “We are committed to helping our clients create economically viable improvements to their business models to create lasting change for the future health and well-being of our planet. Our MRV software helps us do that.”
Launched 21 years ago, the Technology Fast 50™ program recognizes the world-class achievements and the tremendous evolution of the Canadian technology sector.
“Business is changing rapidly, and what used to work a few years ago isn’t a recipe for what will work in the future,” said Erica Pretorius, Partner and National Leader for the Technology Fast 50™ program at Deloitte Canada. “Fast 50 winners are a beacon of innovation and I’m looking forward to how they will change the business and technology landscape in the future.”
Technology Fast 50™ ranks the 50 fastest growing Canadian technology companies with the highest percentage revenue growth from 2014 to 2017. Qualifying companies must have headquarters in Canada, have been in business for at least four years, have revenues of at least $5 million, own proprietary technology, and conduct research and development activities in Canada.
About the Deloitte Technology Fast 50™ – The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features three distinct categories including the Technology Fast 50 Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies with the potential to be a future Deloitte Technology Fast 50 candidate) and the Leadership Awards (companies that demonstrate technological leadership and innovation within the industry.) Program sponsors include Deloitte, 3C Innovation, BCF Business Law, Bank of Montreal, Bennett Jones, CBRE, First West Capital and OMERS Ventures. For further information, visit www.fast50.ca.
November 6, 2018
Alberta Companies poised to advance as leaders in this new paradigm on carbon neutral energy.
Alastair Handley response to CBC article: Alberta could become innovation leader for low-carbon future, says RBC CEO, Oct. 26, 2018 (read article)
Calgary, AB… David McKay’s comments here are spot on. Alberta has led the world with a meaningful carbon price which was implemented on Jul 1st, 2007 by the Government of Alberta under the leadership of Premier Ed Stelmach.
This market was built on the Climate Change Emissions Management Act, the Specified Gas Emitters Regulation and the Specified Gas Reporting Regulation which were passed by the conservative government in 2003. Together these documents created the first GHG emission reduction market in the Americas. Since it began operating, the market has resulted in 75M emission reductions in the form of Emission Performance Credits and Verified Emission Reductions. In addition, 100’s of millions of dollars were collected by the Climate Change Emission Management Fund (renamed Emissions Reductions Alberta by the NDP). ERA has invested $375M in 128 projects that are expected to deliver GHG reductions equivalent to 9MT CO2e.
The success of this market isn’t well known and is largely misunderstood. Unlike a carbon tax. the revenue generated by the sale of a verified emission reduction doesn’t go to the government – it goes to the person or company that made the reduction. As an example, farmers in Alberta have earned well over $100M dollars by reducing GHG emissions and generating over 14M carbon credits.
Alberta’s carbon market is arguably one of the best in the world. It has resulted in technological innovation and millions of verified emission reductions. Alberta’s was the first economy-wide carbon pricing framework in the Americas; the first market to recognize agricultural emission reductions via soil sequestration and is still the only one that does this; and the first to allow for aggregated project development. In addition, Alberta conceived of and developed the first GHG based technology fund (the CCEMF) and it developed an implemented the first output-based allocation system to set emission reduction targets. The purpose of this system is to drive best-in-class performance, support comparability with international jurisdictions, and maintain completeness of industries in Alberta.
Alberta is a world leader in sustainable resource extraction and emission reduction markets. This legacy was created under conservative governments and is continuing under our current NDP government. It is a legacy that future governments need to honour and further develop.
September 6, 2018
Group of Alberta homeowners, farmers earn $75K in carbon credits: Solar panels pay off as emission reductions are combined.
Six Alberta homeowners and a farming collective, who all use solar panels to create their own electricity, have earned thousands of dollars each by pooling the amount of carbon dioxide emissions they avoided.
As a group, they will keep about 5,000 tonnes of C02 out of the atmosphere. That is enough, under a recent Alberta program that allows small-scale carbon emitters to tally their greenhouse gas emissions together, to create carbon credits they can sell to larger-scale emitters who need to offset their emissions.
“It really helps the return on investment for installing a solar system,” says Richard Kennedy, director of project development for Carbon Credit Solutions Inc. (CCSI), the Calgary company that managed, verified and ensured the group sold its carbon credits.
“Those 5,000 tonnes, at the current carbon pricing represent $75,000. That can make a difference between whether it’s a worthy investment or not.”
By dealing with CCSI, the homeowners and farmers will receive a cheque for their total carbon credits just 60 days after their verified reductions are registered.
CCSI also takes care of the meticulous and ongoing monitoring and reporting that could be inconvenient, and even overwhelming, for individuals such as residential homeowners, but which the provincial program “Quantification Protocol for Distributed Renewable Energy Generation” demands.
“Our role is to manage all of their monthly production data, and use that to quantify the emission reductions,” says Kennedy.
“We also make sure they have provided all the requirements to prove eligibility for the credit. We generate the emission reporting and then verify it by a third party and register those credits with the Alberta Emission Offset Registry. Then we purchase the credits from the producer and ultimately sell them to large final emitters, power generation companies, usually, that have large emission footprints and need to meet reduction targets each year.”
It takes a year or two before a group project collects enough data to be registered, says Kennedy.
The project participants need to meet a few other criteria, but none are onerous. To satisfy the government’s rules to combine emission reductions with other small-scale producers, all the participants must be generating their energy by solar or wind systems, creating less than 1MW of power, and doing so at the consumer end of a distribution system.
To sign on with CCSI, the producers also need to commit to an eight-year contract cycle and have enough high-capacity Wi-Fi bandwidth on-site to allow remote tracking of their energy producing system.
The benefits are even easier to digest — a cash lump sum in exchange for carbon credits, issued by a company with more than decade of experience in developing and managing carbon credits for the agricultural sector. And all of that comes on top of the savings made by switching to a sustainable form of electricity production.
This solar project aggregation by CCSI is the first of its kind to be completed in Canada. The project will continue to generate credits for the group for a further five years.
For more information:
Director of Project Development, Carbon Credit Solutions Inc.
May 10, 2018
Media Release- For immediate release
Alberta’s CCSI Leads Panel Discussion at 2018 Energy Disruptors Unite
Calgary…The 2018 Energy Disruptors Unite conference is billed as “A gathering of the world’s most influential and innovative energy disruptors,” igniting conversations about game-changing global energy solutions. Carbon Credit Solutions Inc., based in Airdrie, Alberta, will be leading an Open Breakout Session on May 16 that focuses on the future of the ever-evolving carbon market.
The panel summary is The Economic Opportunity of a Low Carbon Future:
Globally, only a few billion carbon credits have been developed across all carbon markets since they began trading. Yet CORSIA is forecasting that it will need over 7 billion credits between 2021and 2040. Even more will be needed to meet counties commitments under the Paris agreement. Can markets deliver?
The host Alastair Handley, thought-leader and President and founder of CCSI and CSG, is a popular and globally sought-after speaker as an expert on emission offsets, carbon markets and creating projects that produce marketable, verified carbon credits. Alastair is helping bring profound changes to carbon credit development in North America.
The panel of specialists on carbon markets include: Teresa Ehman, Director, Environmental Affairs, Air Canada; Meghan Harris-Hagae, Associate Partner at EY leading the Climate Change and Sustainability Services practice; Simon Currie, Global Head of Energy at Norton Rose Fullbright, in the forefront of transformation in the energy sector and the impact of disruptive technology; Dan McGraw, US North American senior market strategist for the energy trade publication ICIS, producing numerous articles about the US carbon market.
Gain insight by joining CCSI as they lead this panel of specialists on carbon markets and find out what the experts think. Open Breakout Session for EDU attendees, May 16 at 10:25 – 11:25 in Rotary House (located north of the Big 4 Building).
For more information on the Energy Disruptor Unite panel: https://www.energydisruptors.com/agenda/session/245057
For more information from CCSI, Contact:
Alastair Handley, President
Carbon Credit Solutions, Inc.
Office: 403.912.9132 ext. 21 Email: firstname.lastname@example.org
February 12, 2018
New Government Deadline: April 29th to register for carbon credits
Calgary AB…Effective January 1, 2018 the Government of Alberta announced changes to the Emission Offset System Program. The new standard states that farmers wishing to generate credits must be registered with a project developer by April 29th, 2018.
Government changes to the program are significant, since it used to be that farmers had some flexibility on timing and still get paid for their credits. Not now. As Ed Alfke, CEO and Chair of Carbon Credit Solutions Inc (CCSI) puts it, “Farmers who are farming sustainably in Alberta must register with a carbon developer before the April 29th deadline or lose their chance at additional revenue. If they don’t, they won’t receive money from their credits earlier than 2020, plus they’ll lose any revenue they could earn from the creation of 2018 carbon credits.”
Farmers in Alberta have seen the value of their carbon credits rise from $6 per credit in 2007 to $20.00 per credit today. The value is expected to rise over coming years as federal and provincial governments push the price of carbon emissions to $50.00 per tonne.
Alfke goes on to say, “For those watching carbon markets waiting for the price to go up or for those not yet registered with a carbon aggregator, February through April of this year are “do it or lose it” months.”
Under successive federal and provincial governments, Canada has established itself as a leader in carbon credit production and pricing. In March 2007, Alberta became the first jurisdiction in North America to legislate greenhouse gas reductions and implement a carbon levy. Alberta was also the first in the world to use agriculture to create carbon credits and is now being copied around the world.
As the world transitions to a low-carbon economy, it’s the recognition and financial reward of sustainable farming practices that helps create a robust carbon economy, a cornerstone in the fight against climate change. The more farmers who participate, the better for everyone.
Carbon Credit Solutions Inc. is a finalist for the Alberta Business Awards of Distinction
December 20, 2017
Calgary, AB – Carbon Credit Solutions is pleased to announce our selection as a finalist for the 2018 Alberta Business Awards of Distinction in the Marketing Award of Distinction category. Finalists were announced Friday, December 15, 2017.
The Alberta Business Awards of Distinction recognize businesses/organizations that have demonstrated outstanding achievement and contribution to their community while having developed business acumen and management practices to ensure long term sustainability.
Along with being a finalist for the Marketing Award of Distinction, Carbon Credit Solutions is also eligible for the prestigious Premier’s Award of Distinction.
Based in Alberta, Carbon Credit Solutions Inc. is world leader in the field of measuring, reporting and verifying greenhouse gas emission reductions in the agricultural sector. Since commencing operations in Alberta in 2008 CCSI has expanded its operations to the USA and South America.
“We are thrilled to be a finalist in these prestigious awards,” says Alastair Handley, President and founder of Carbon Credit Solutions. “ It is exciting to know that the important work that we are doing is being recognized by the business community.”
The awards will be announced on March 2, 2018, at Renaissance Edmonton Airport Hotel in Edmonton. For more information on the event, please go to the Alberta Business Awards of Distinction website at www.abbusinessawards.com
For more information on our selection as an award finalist please contact:
Alastair Handley, President
Carbon Credit Solutions, Inc.
Office: 403.912.9132 ext. 21
For immediate release
Dec. 6, 2018
Alberta Government Announces New Carbon Credit Utilization Policy with Industry Input
Calgary, AB. Today’s announcement by the Government of Alberta regarding its carbon credit utilization policy puts an end to a year of market uncertainty and provides the province’s stakeholders a reason to celebrate.
A year ago, the Government of Alberta announced a new policy placing a 30% utilization limit on carbon credits and emission performance credits for companies required by law to comply with the province’s GHG emissions reduction requirements. Previous legislation allowed businesses to reduce emissions by (a) lowering them at site (b) buying carbon credit offsets or (c) by making a payment into the governments’ technology fund. This meant that historically companies had the option of meeting 100% of their compliance obligation with lower cost carbon credits. The new policy would cap that usage at 30%.
Though made with the best intentions, the announcement was dramatic, resulting in immediate and profound unintended consequences on the market and its stakeholders.
As the principal carbon project developer in the province, the leadership at Carbon Credit Solutions was deeply concerned. Buyers pulled out of the Alberta market and credit sales ground to a halt. We knew we had to engage with government so they could fully appreciate the consequences of the policy change. Most importantly, we had to find better solutions to the challenges all stakeholders they faced.
Over the past year, with the help of Impact Consulting, we took the initiative to meet with dozens of government representatives including ministers, DM’s ADM’s and chiefs of staff. We were consistently encouraged by their openness and willingness to have a dialogue.
The departure point for our lobbying efforts was that a solution to the 30% utilization cap had to meet the needs of all the partners: industries obligated to comply with emission reduction standards, brokers, project developers and the government. We looked at the problem from all perspectives, modelling numerous scenarios. Eventually we developed a solution we felt would work for everyone, which we provided to the government for consideration.
Based on the announcement today it’s clear we were heard. The cap was raised from 30% to 40% for the 2018 compliance year. In addition, new credits can be used to meet an additional 10% of a compliance entities’ obligation, creating an immediate demand for new credits. Over the next 3 years the effective utilization cap will rise to 60%, reflecting an open carbon market.
Alberta has some of the strictest environmental regulations in the world, which is something we should all be proud of. It’s the social license we need to produce oil and gas in this province. As part of the solution, an open carbon market works in service of a cleaner environment and robust economy at once. We are proud of the service we were able to provide to the government and market stakeholders over the past year and are thankful that through dialogue and meaningful engagement, we have a solution that works for Alberta.
For more information please contact:
Alastair Handley, President
Carbon Credit Solutions, Inc.
Office: 403.912.9132 ext. 21
CCSI Chairman and CEO, Ed Alfke wins 2017 EY Award
Calgary, Ab. Carbon Credit Solutions is thrilled to announce that Ed Alfke is the 2017 EY Entrepreneur Of The Year Award Prairies Cleantech and Environmental award winner. The awards were presented in November 2017 at the EY EOY Prairie Region Gala in Calgary.
For over 20 years the EY Entrepreneur Of The Year Awards have honoured the achievements of entrepreneurs who “speed up innovation, growth and social improvement and build lasting legacies that inspire the next generation. They’re an unstoppable force to be reckoned with.”
Carbon Credit Solutions Inc (CCSI) is Ed’s 23rd company. With over 30 years of business growth experience in industries as diverse as auto, finance and tech, Ed’s been pivotal in helping CCSI become the largest aggregator of carbon credits in North America.
Global leaders in the field of measuring, reporting and verifying (MRV) greenhouse gas emissions CCSI and its sister company Climate Smart Group (CSG) developed the foremost MRV software in the world. CCSI started in Alberta in 2008, and Ed joined as Chairman and CEO in 2013. Bringing his world-wide network and experience to bear, Ed has been instrumental in the expansion of CCSI and CSG operations to include the USA, South America and beyond.
As passionate about helping to solve the problem of climate change as he is about entrepreneurship, says Ed, “I’m committed to making the world better for my children and grandchildren and to create a company that’s both profitable and sustainable in order to achieve that.”
You can find more information about the EY Entrepreneur Of The Year Awards at http://www.ey.com/ca/en/about-us/entrepreneurship/entrepreneur-of-the-year