Ogilvy Renault Partners with MCeX: Canadian Trade in Carbon Credits Begins
June 5, 2008
Montréal, June 4, 2008 - Ogilvy Renault has partnered with the new Montréal Climate Exchange (MCeX). Launched on May 30, 2008, the MCeX is Canada's first regulated environmental market. By providing a platform for the trading of futures contracts on CO2 units, the MCeX will help regulated industrial participants manage their greenhouse gas emissions while also creating incentive for technological innovation.
"Partnering with the MCeX is a natural fit for Ogilvy Renault," says Jean Piette, chair of the firm's Environmental team. "We are proud to support them in this exciting initiative."
Trading in MCeX carbon futures will generate vital price signals for industries that are investing in new, clean technology. Ogilvy Renault's Cleantech team, one of the first of its kind in Canada, works closely with clients as they develop their businesses-in sectors including air quality, energy, water purification and environmental IT. In addition, through Ogilvy Renault's recognized expertise in environmental law and capital markets, we will be at the forefront in advising all of our clients with respect to this new market.
The Montréal Climate Exchange is a joint venture of Montréal Exchange Inc. and the Chicago Climate Exchange® (CCX), the world's pioneer in the design and operation of carbon markets in the United States and Europe.
For further information please contact:
Peter Zvanitajs, Senior Advisor, Media Relations
+1 416 216 1871
Joanne Lajeunesse, Director, Marketing and Media Relations - Quebec Region
+1 514 847 4723
Ogilvy Renault joined international legal practice Norton Rose Group on June 1, 2011, and is now called Norton Rose OR LLP.