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TD to purchase renewable electricity for its BC operations
TD becomes largest purchaser of green power in the Canadian financial services industry VANCOUVER, March 24 /CNW/ - At a launch event in Vancouver today, TD Bank Financial Group announced its entire business in British Columbia will be "bullfrogpowered" with 100% low impact, renewable electricity beginning April 1, 2009. In an expanded partnership with Bullfrog Power, TD will purchase an additional 22,500 MWh of renewable energy, equivalent to the electricity used by 139 TD Canada Trust branches, six TD Waterhouse Investor Centres, and eight corporate offices. "Our decision to invest in renewable electricity for our BC operations is a key component of our strategy to be carbon neutral across our Canadian operations in 2010," said Karen Clarke-Whistler, Chief Environment Officer, TD Bank Financial Group. "We're thrilled Bullfrog is expanding into 'Beautiful British Columbia' and we support their commitment to bring on line new sources of clean, renewable energy." TD was the first bank in Canada to commit to going carbon neutral and the bank's strategy focuses on the following three areas: - Becoming more energy efficient and reducing energy use by retrofitting and re-designing buildings, offsetting travel, greening its fleet and vehicle programs, and more. - Continuing to invest in clean and renewable energy to reduce TD's carbon emissions associated with electricity usage; in addition to its new BC investment, TD annually purchases nearly 6,500 MWh of renewable energy from emission-free generation sources such as wind power and low-impact water power to match the electricity used by its ABM network of 2,600 Green Machines. - Launching the TD Emissions Reduction Fund, another Canadian banking first. The Fund will offset TD's remaining carbon emissions by, for example, working with various groups such as schools, hospitals and other non-profits to reduce their emissions through investments in clean technology and energy retrofit projects. "TD's expanded partnership with Bullfrog is a strong show of support for the advancement of new renewable energy in Canada," said Tom Heintzman, President, Bullfrog Power. "TD has emerged as a leader in environmental citizenship. Their ongoing and increasing commitment to Bullfrog helps to raise awareness about the choice many Canadians now have to buy low-impact renewable energy for their own homes and businesses." To learn more about TD's approach to environmental sustainability read the environment section in the 2008 Corporate Responsibility Report at http://www.td.com/corporateresponsibility/crr2008/environment/ About TD Bank Financial Group The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Financial Group. TD Bank Financial Group is the sixth largest bank in North America by branches and serves approximately 17 million customers in four key businesses operating in a number of locations in key financial centres around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust and TD Insurance; Wealth Management, including TD Waterhouse and an investment in TD Ameritrade; U.S. Personal and Commercial Banking through TD Banknorth and TD Bank, America's Most Convenient Bank; and Wholesale Banking, including TD Securities. TD Bank Financial Group also ranks among the world's leading online financial services firms, with more than 5.5 million online customers. TD Bank Financial Group had CDN$585 billion in assets on January 31, 2009. The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto and New York Stock Exchanges.
For further information: Matthew Cram, TD Bank Financial Group, Office: (416) 983-1514, Cell: (647) 504-5013, firstname.lastname@example.org; Meghan Ney, Bullfrog Power, Office: (416) 360-3464 ext. 221, Cell: (416) 648-5453, email@example.com
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