FAQ

What are the benefits of purchasing Carbon Offsets?

Carbon offsets allow individuals and businesses to be accountable for their unavoidable carbon emissions. While conservation is an important first step in fighting climate change, we need to do more to reduce greenhouse gas in the atmosphere. When you purchase carbon offsets from Clean Carbon Equity Inc, you are supporting emissions reductions projects in communities throughout North America, and abroad.

For businesses, calculating your carbon footprint is an important measurement of resources. Knowing and offsetting your carbon footprint creates value for your business by: Showing leadership and innovation. Acting to reduce your carbon footprint sends a strong message to your key stakeholders — employees, customers, and investors, many of whom will hold your business accountable for its contribution to climate change. Involving your employees. A corporate employee program will help communicate your business’ dedication to the environment and infuse that commitment into your company’s culture.

Aligning with your customers’ values. People prefer to do business with companies whose values align with their own. Demonstrating your business’ commitment to addressing climate change with a carbon offset program will help attract and retain valuable customers.

Do I own the Carbon Offset once purchased?

When you purchase a Carbon Offset from Clean Carbon Equity Inc, we buy the carbon offsets on your behalf and remove them from the market so they cannot be traded or resold. By removing them, we ensure that the reductions are permanent — they can never be used by another entity.

Are Carbon offsets tax deductible?

Businesses can treat their purchase as a tax-deductible business expense.

What Business activities can be offset?

Offsets should be used for all activities that add to your carbon footprint. Most businesses cannot reduce their carbon footprint to zero, so offsets should be used to mitigate the impact of these remaining emissions. Businesses engage in several activities that are carbon intensive and vary based on business type. In general, these activities include employees’ commutes, employee travel, building energy use, servers and data storage, construction, and the shipping of freight.

For business, some of the common higher emission activities include:

  1. Transportation: includes moving products, freight, employees, and infrastructure in a manner that uses fuel, gasoline or diesel in a heavy truck, passenger vehicle, or shipping vessel moving freight or products various distances.

  2. Heavy construction: Construction of infrastructure in rural or urban areas using heavy equipment such as dozers, excavators, rock trucks or other miscellaneous equipment. Drilling of wells in rural areas where all fuel is transported to sites. Completion services in rural areas where all fuel is transported to site.

  3. Air travel: A round-trip flight between Vancouver and Toronto uses about 175 liters of jet fuel per passenger. Executives or employees transitioning to remote areas, other countries or between cities for meetings.

What does the business get when entering a carbon credit offset contract?

The purchase is confirmed in a contract with terms being negotiable to fit each situation. Carbon offsets are obtained through regulated sources at the appropriate amount of the contract, serial numbers of purchased Carbon Offset Credits are issued to Clean Carbon Equity Inc for management, energy use statements such as fuel bills are supplied to Clean Carbon Equity Inc monthly for review, and the appropriate number of offsets are retired until the contract is fulfilled. The business can then claim the purchased amount of credits towards GHG reduction goals.

Do Carbon Offset Credits expire?

This is not a cap-and-trade system so credits never expire but can only be used 1 time. Once retired they can never be used again.