Valera Global Joins Chicago Climate Exchange, Commits to Offset 100 percent of Greenhouse Gas Emissions

Released on: November 20, 2007, 11:22 am

Press Release Author: Leslie Campisi

Industry: Transportation & Logistics

Press Release Summary: Valera Global is the first transportation service provider in
the world to join
Chicago Climate Exchange

Press Release Body: New York, NY and Chicago, IL; November 20, 2007 - Valera Global,
the premier provider of executive transportation solutions, and Chicago Climate
Exchange (CCX), the world's first and North America's only voluntary but legally
binding greenhouse gas emission registry, reduction and trading system, announced
today that Valera Global has joined CCX as an associate member. This commitment
contractually obligates Valera Global to offset 100% of the company's annual
greenhouse gas emissions.

Valera Global operates the 14th-largest chauffeured fleet in the U.S. and serves a
rapidly-expanding network of international destinations. As the first transportation
service provider in the world to join CCX, Valera Global sets a new precedent for
green initiatives in its industry.

Robert Mackasek, CEO of Valera Global, said, "At Valera Global, we feel it is our
responsibility to take steps that actively reduce our carbon output. By joining the
Chicago Climate Exchange, we don't just reduce our emissions - we offset them

Mackasek continued, "We are proud to align ourselves with this groundbreaking
association and hope to raise awareness of CCX's initiatives among our clients, as
well as fellow members of our industry."

Under this commitment, Valera Global will annually inventory and report its indirect
emissions to CCX to verify and audit. Reporting requirements include vehicle use,
company air travel as well as business operations. Once the verification process is
complete and total emissions are confirmed, Valera Global is required to purchase
and retire CCX Carbon Financial Instrument (CFI) contracts through the CCX trading
platform to fully offset the indirect emissions it produces annually.

The CFI contracts Valera Global purchases will derive from projects that cut
emissions of greenhouse gases, including wind and solar power; reforestation, and
methane capture and destruction. All of these projects have been registered and
approved through CCX, The United Nations and other standardized verification and
crediting protocols and procedures.

"Associate members have the opportunity to learn emissions management in a
world-class system," said CCX Chairman and CEO Richard L. Sandor. "We're pleased to
add Valera Global to our roster and hope that more companies in the transportation
services industry will follow Valera Global's lead."

Valera Global joins prestigious companies such as DuPont, Ford Motor Company,
Amtrak, Bayer, International Paper, Safeway, Intel, United Technologies, IBM and
Eastman Kodak who are already CCX members.

About Valera Global
Valera Global provides executive transportation solutions in major U.S. cities and
European destinations. Founded in New York City in 1987, Valera Global is known for
its one-of-a-kind chauffeur training program that stresses safety, attention to
detail and customer service. The company's tiered services give clients maximum
flexibility when it comes to selecting vehicles and even preferred chauffeurs.
Valera Global is the transportation solution of choice for Fortune 500 executives,
celebrities, political officials and other high-profile businesspeople.
Honored by the International Taxi & Livery Association (ITLA) for its positive work
environment and high chauffeuring standards, Valera Global is the transportation
provider of choice for the driven professional. For more information on Valera
Global, please visit

About the Chicago Climate Exchange Inc.
CCX is a financial institution whose objectives are to apply financial innovation
and incentives to advance social, environmental and economic goals. CCX is the
world's first and North America's only legally binding rules-based greenhouse gas
emissions allowance trading system, as well as the world's only global system for
emissions trading based on all six greenhouse gases. CCX members are leaders in
greenhouse gas management and represent all sectors of the global economy, as well
as public sector innovators. Reductions achieved through CCX are the only reductions
in North America being achieved through a legally binding compliance regime,
providing independent third party verification provided by NASD and price
transparency. The founder, Chairman and CEO of CCX is economist and financial
innovator Dr. Richard L. Sandor, who was named a Hero of the Planet by Time magazine
for his founding of CCX. For a full list of CCX members, daily prices and other
Exchange information, see

Chicago Climate Futures Exchange (CCFE), a wholly-owned subsidiary of CCX, is the
first and leading environmental derivatives exchange. CCFE currently offers
standardized and
cleared Sulfur Financial Instrument (SFI) futures and options contracts and Nitrogen
Instrument (NFI-OS) futures contracts based on mandatory cap and trade programs created
under the Clean Air Act Amendments of 1990. CCFE has traded over two million SO2
allowances in its futures market, making it the world\'s largest exchange for trading
criteria pollutants. Market participants are able to secure price transparent,
standardized futures and options contracts on an anonymous electronic trading
platform. The availability of effective hedging tools offered on CCFE, including
prompt and deferred years for both futures and options has increased liquidity while
easing volatility in the SO2 market.

CCX, a US corporation, launched its trading platform in 2003. In 2005, CCX launched the
European Climate Exchange (ECX), now the leading exchange operating in the European
Union Emissions Trading Scheme. Since 2006, both CCX and ECX have been owned by
Climate Exchange Plc, a publicly traded company listed on the AIM of the London
Stock Exchange.

For more information please contact:

Rafael Marques
Chicago Climate Exchange

Christina Calbi

Sarah Stocker
Tractenberg & Co.

Web Site: http://

Contact Details: Leslie Campisi
Affect Strategies for Valera Global

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