April 10, 2014: Rapid Recovery Is Issued Calif. Carbon Offset Credits
This Is the First Release of Offsets Issued Under the California Cap and Trade Program
PEORIA, Ariz. — Rapid Recovery, a nationwide refrigerant recovery and reclaim company, announced that it has been issued carbon offset credits from the California Carbon Exchange. These offsets are the financial instruments that carbon emitters can use to meet their emission reduction requirements. This is the first release of offsets that have been issued under the California Cap and Trade Program. Out of the dozens that applied, Rapid Recovery was one of only four companies to be issued offsets.
“It has been a very long and difficult road for all of the companies pursuing this. With this first issuance, the market makers will finally begin to see some return on the effort and investment they’ve made these past years to qualify for this,” said Rich Dykstra, chief operating officer of Rapid Recovery.