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Mohawk Sustainability Initiatives Help Neutralize Carbon Footprint

Tuesday, October 31, 2006

Press release from the issuing company

COHOES, N.Y., Oct. 30 -- Mohawk Fine Papers Inc. today announced that effective this month, it has partnered with NativeEnergy to offset CO2 emissions from its 2006 Sales Fleet and Local Product Transport. Mohawk calculated the mileage of its sales force and local product transportation in 2006, estimated at close to one million miles (971,000 miles to be exact) or the equivalent of 748 tons of CO2. Carbon offsets enable people and organizations to reduce their carbon footprint by allowing carbon dioxide, one of the main greenhouse gases, to be either taken out of the atmosphere or reduced in another part of the country or world. "Mohawk has always had a strong commitment to sustainable manufacturing and being a responsible corporate citizen," said Thomas D. O'Connor, Jr., Chairman and CEO. "Partnering with NativeEnergy is one more way we are building on that commitment. By offsetting our carbon outputs, in a way that brings new clean energy projects into being, we are taking responsibility for helping to combat global warming. Climate change is a major issue for everyone and we are beginning to organize many of our own sustainability initiatives around it." "Mohawk is the first US paper mill dedicated to helping build truly new renewable energy projects in this manner. Without the support of Mohawk and our other clients, these distributed wind projects face significant hurdles -- high costs for the farmers but poor chances of recovering the extra costs from the traditional REC market, given their relatively small annual output," says Tom Boucher, President & CEO, NativeEnergy. "Our novel approach of aggregating their lifetime REC output into a single up front purchase is just the solution they need." Mohawk invites businesses and consumers everywhere to take the same proactive approach and visit http://www.NativeEnergy.com to offset their travel, auto, home or business emissions by helping to build new renewable energy projects that reduce the amount of fossil fuels used to generate electricity.




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