Pollution Trading Venue Proposed by WCE

WINNIPEG - Feb 5/03 - SNS -- WCE Holdings Inc. is diversifying its activities beyond the Winnipeg Commodity Exchange to take advantage of efforts by industry and government to turn international efforts to reduce pollution into a commodity.

WCE Holdings hopes to accomplish this through the creation of Canadian Climate Exchange Inc. (CCE), intended to become a place where companies and governments can buy and sell the right to pollute.

Explaining the new venture, WCE Holdings said, "CCE builds on the experience of Winnipeg Commodity Exchange (WCE) to create an efficient, low cost, and secure marketplace for emissions trading.

"This represents a significant commitment by WCE to the climate change issue and reflects the potential opportunities arising out of the implementation of the Kyoto Protocol in Canada."

Described as a "market-based solutions for the reduction of greenhouse gases. In particular, CCE will explore the concept and creation of an emissions exchange in Canada. CCE intends to participate actively in industry and government discussions examining emissions trading as part of the implementation of the Kyoto Protocol in Canada."

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