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The Climate Trust | Governing Structure, The Climate Trust

Governing Structure, The Climate Trust

Policy

The Climate Trust, founded June 26, 1997

The Climate Trust’s Board of Directors oversees all of the organization’s programs and activities, with each member sitting on one or more specialized committees. The Oregon Offset Committee oversees activities that fulfill The Trust’s statutory obligations under the Oregon Carbon Dioxide Standard, the nation’s first legislation to curb carbon dioxide emissions. Other committees include the Risk, Finance, Executive, and Compensation Committees.

The composition of the Oregon Offset Committee is specified by the Oregon Carbon Dioxide Standard legislation, with three (3) members selected by the environmental community, three (3) nominated by the Oregon Energy Facility Siting Council, and a single member elected by the regulated power generators. In addition, each Oregon power generator that has provided funding to The Trust for pollution mitigation may appoint a non-voting Board member, so long as The Trust holds funds associated with that site certificate.

The Oregon CO2 Standard

The Oregon Carbon Dioxide Standard was the first U.S. law aimed at reducing levels of carbon dioxide, the most abundant greenhouse gas. This law requires new power plants built in Oregon to reduce or offset 17% of their carbon dioxide emissions in one of three ways:

  1. Investing directly in on-site carbon emission reductions
  2. Funding and developing pollution reduction projects
  3. Providing funding to a state-recognized nonprofit responsible for selecting and managing pollution reduction projects on their behalf

The Trust remains the only organization qualified to administer the Oregon Standard. To date, all regulated utilities have chosen the third option, giving The Trust funding to mitigate their carbon pollution through projects t­hat avoid, sequester, or displace carbon dioxide on their behalf.

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Recent Comments
  • The Climate Trust Seeks Candidates to Fill Two Open Board of Directors Roles – SideExit says:
    May 20, 2017 at 7:47 am

    […] Offset Committee oversees activities that fulfill The Trust’s statutory obligations under the Oregon Carbon Dioxide Standard, the nation’s first legislation to curb carbon dioxide emissions. Other committees include the […]

    Reply
  • The Climate Trust Seeks Candidates to Fill Two Open Board of Directors Roles | SpaceGab says:
    May 19, 2017 at 12:38 am

    […] Offset Committee oversees activities that fulfill The Trust’s statutory obligations under the Oregon Carbon Dioxide Standard, the nation’s first legislation to curb carbon dioxide emissions. Other committees include the […]

    Reply
  • The Climate Trust Seeks Candidates to Fill Two Open Board of Directors Roles | ShoutValve says:
    May 18, 2017 at 7:16 pm

    […] Offset Committee oversees activities that fulfill The Trust’s statutory obligations under the Oregon Carbon Dioxide Standard, the nation’s first legislation to curb carbon dioxide emissions. Other committees include the […]

    Reply
  • The Climate Trust Seeks Candidates to Fill Two Open Board of Directors Roles – HappyKlappers says:
    May 18, 2017 at 6:50 pm

    […] Offset Committee oversees activities that fulfill The Trust’s statutory obligations under the Oregon Carbon Dioxide Standard, the nation’s first legislation to curb carbon dioxide emissions. Other committees include the […]

    Reply
  • The Climate Trust Seeks Candidates to Fill Two Open Board of Directors Roles says:
    May 18, 2017 at 2:32 pm

    […] Offset Committee oversees activities that fulfill The Trust’s statutory obligations under the Oregon Carbon Dioxide Standard, the nation’s first legislation to curb carbon dioxide emissions. Other committees include the […]

    Reply
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