Blue Source has developed several key strategic relationships with the nation’s top environmental engineering firms, offset verification firms and private equity investors to help corporations develop projects that manage their carbon footprint and generate a more valuable offset.
Strategic Alliances and Equity Partners
First Reserve Corporation
In 2006, Blue Source partnered with First Reserve Corporation of Greenwich, Conn., the largest private equity fund in the domestic energy industry, to create a strategic partnership to broaden our ability to solve climate change issues in the energy industry. First Reserve seeks significant capital appreciation through negotiated equity and equity-related investments in a diversified portfolio of energy companies. With over $12.5 billion under management, First Reserve Corporation is the oldest and largest buyout group to focus exclusively on a strategy of diversified energy investments.
http://www.frcorp.com
Och-Ziff Capital Management Group LLC
In 2008, Och-Ziff became a strategic partner with Blue Source with an initial commitment to provide $500 million (with an additional $500 million callable) for new greenhouse gas reduction projects organized through Blue Source’s management team. Och-Ziff is a global institutional asset management firm listed on the New York Stock Exchange (NYSE: OZM) with assets under management of approximately $33.3 billion as of July 1, 2008. Established in 1994 by Daniel Och, Och-Ziff has grown into a global company with over 400 employees worldwide and offices in New York, London, Hong Kong, Tokyo, Bangalore and Beijing.
http://www.ozcap.com
The Goldman Sachs Group, Inc.
Goldman Sachs Group, Inc. and Blue Source LLC have a strategic alliance that combines Goldman’s global leadership in commodities trading and financial risk management with Blue Source’s leading climate change portfolio. Goldman Sachs will off-take, structure and market verified emissions reductions (VERs) resulting from Blue Source’s offset project portfolio. The VERs marketed through Goldman Sachs will be generated from a broad range of North American greenhouse gas (GHG) reduction projects, 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.
The Goldman Sachs Group, Inc. is a bank holding company and a leading global investment banking, securities and investment management firm. Goldman Sachs provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.
http://www2.goldmansachs.com/
The Nature Conservancy
The Nature Conservancy and Blue Source have created an innovative forest carbon offering for private landowners to advance forest conservation that puts the power of the market to work to protect forests and fight climate change. In December of 2009, The Nature Conservancy launched Working Woodlands, a model forest conservation program that aims to protect forests and fight climate change and through an alliance with Blue Source allows joint development of market-based incentives that reward landowners who demonstrate exceptional forest management practices. Building on the Conservancy and Blue Source’s combined experience with land protection, forest certification and carbon finance, Working Woodlands uses an innovative combination of long-term working forest conservation agreements, Forest Stewardship Council (FSC) forest management certification, and carbon market payments to make conservation a more attractive proposition for landowners at no out of pocket cost.
http://www.nature.org/workingwoodlands
