North American Climate Exchange - Trustee

Valiant Trust Company

To protect the interests of members trading on the NACX, all transaction documents and funds are directed through the Escrow Agent, Valiant Trust, pursuant to an Escrow Agreement between the NACX and Valiant Trust. All NACX members consent to the use of the Escrow Agent. The Escrow Agent's role is to ensure that no funds are released to the seller and no Offset documents are delivered to the Buyer until all of the escrow conditions are met. In addition, the Buyers and Sellers have the comfort of knowing that their assets are safely held with a reputable, publicly owned trust company.

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About NACX

The NACX was originally founded as a Calgary based exchange for trading Alberta Offsets. With the growth in environmental regulation and compliance instruments, the NACX expects to facilitate spot market trading of other environmental compliance units (ECUs)  such as renewable energy certificates (RECs), renewable fuel compliance units and Quebec and other WCI offsets and allowances. The NACX is operated and managed by individuals with significant expertise and experience in emissions and ECU trading. The NACX recognized that spot market trading of ECU's required a streamlined process for discovering price and effecting trades in order to meet the objectives of all participants in the market.