Pax World Contributes To South Dakota Wind Farm

NAW Staff, Friday 04 May 2007 - 10:39:46

Pax World Management Corp., investment adviser to Pax World Funds, will partner with Charlotte, Vt.-based NativeEnergy, a privately held Native American energy company, and Clean Air-Cool Planet, a nonprofit organization dedicated to finding and implementing solutions to climate change, to offset its carbon emissions.

Under the new partnership with NativeEnergy and Clean Air-Cool Planet, Pax will purchase renewable energy credits equivalent to approximately 183 tons of carbon dioxide emissions, the company says. By purchasing these credits, Pax is able to offset the amount of carbon pollution the company generates through its office electric use, heating, cooling and business travel.

The credits will help fund the development and construction costs of phase two of the Rosebud Sioux Tribe's Owl Feather War Bonnet Wind Farm, which will be located near St. Francis, S.D.


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