The Goldman Sachs Group Inc. and Blue Source LLC announced they have formed an alliance to market U.S. GHG emission reductions.
The companies say the alliance will combine Goldman’s expertise in commodities trading and financial risk management with Blue Source’s climate change portfolio. As part of the alliance, Goldman Sachs purchased an equity stake in Blue Source LLC.
Goldman Sachs will off-take, structure and market a broad range of verified emissions reductions (VERs) resulting from certain GHG reduction projects in Blue Source’s portfolio, including those associated with methane management from coal mining, wastewater treatment, landfills and animal waste; energy efficiency; carbon capture and sequestration from fertilizer and natural gas production; and industrial gas destruction.
Goldman Sachs was among 2008 Rainforest Alliance Sustainability Award Winners. The company is a founding member of the Sustainable Business Forum.
