Unocal Corporation's Unocal Geothermal Indonesia, Ltd. (UGI) subsidiary, PT. PLN and PERTAMINA (P.PTM) recently announced the first sale of greenhouse gas (GHG) emission reduction credits from Indonesia. The sale involved GHG emission reduction credits from Units 4, 5, and 6 of the Gunung Salak Geothermal Project on the Island of Java to the World Economic Forum (WEF).
The credits will offset emissions associated with the WEF annual meeting in New York. The sale will make the WEF meeting "GHG emissions neutral."