Monsanto joins climate exchange

By | January 10, 2008
Monsanto Co. joined the Chicago Climate Exchange in December. The company will reduce its direct carbon emissions by 6 percent by 2010 or buy carbon offsets as part of its agreement with the exchange. Monsanto will also work with agricultural organizations to promote no-till farming as a method for reducing carbon emissions. No-till farming sequesters carbon in the soil. Farmers can benefit financially by selling carbon offsets to other businesses through the climate exchange, according to Jerry Steiner, Monsanto's executive vice president.