Last updated on April 18, 2014 at 21:21 EDT

CO2 Solution Commends California Government Adoption of Cap & Trade Program for reduction in CO2 emissions

October 25, 2011

CO(2) Solution’s Technology, Patented in the United States & Canada, is
Positioned to Help California Electric Utilities Meet New Emission
Reduction Targets

Outstanding shares: 79,187,836

QUEBEC CITY, Oct. 25, 2011 /PRNewswire/ – CO(2) Solution Inc. announced today that it applauds the announcement made on
October 20, 2011, by the California Environmental Protection Agency Air
Resources Board (ARB) confirming adoption of its proposed cap-and-trade
regulations – putting into place another key element of the states
pioneering climate plan. CO2 Solution believes its breakthrough carbon
dioxide capture technology, which is patented in in the US and Canada,
is well positioned as an important solution to help the state meet the
proposed emissions reductions.

In an announcement made on October 20, 2011 by California ARB Chairman,
Mary D. Nichols, the California ARB confirmed the adoption of the final
cap-and-trade regulation. According to US news sources, California
state regulators adopted final rules for the program, scheduled to start in 2013, that place a limit on emissions of
heat-trapping gases, like carbon dioxide, in the state. Under the
program, the emissions cap will decline over seven years and will require that the 600 power
plants, refineries and other industrial facilities that emit 85% of the
state’s greenhouse-gas emissions cut their emissions, obtain pollution
allowances from the state, or buy them from other emitters that have
excess allowances. The regulation includes rigorous oversight and
enforcement provisions, and is designed so that California may link up
with programs in other states or Canadian provinces within the Western
Climate Initiative, including British Columbia, Ontario and Quebec. The
full release from the California ARB can be viewed at: www.arb.ca.gov/newsrel/newsrelease.php?id=245

“This California announcement, a strong commitment to a clean-energy
economy, is a further example of a government taking a leadership role
on this important environmental issue. Earlier this year we saw
announcements from Australia and Quebec and recent U.S. EPA
pronouncements on carbon regulation, all pointing to increased momentum
on this issue globally.” stated Glenn Kelly, President and Chief
Executive Officer of CO(2) Solution Inc. “As I have stated previously, regulation of carbon
dioxide pollution is moving from speculation to fact, with more
governments taking on the issue. With our patented technology we look
forward to supporting worldwide efforts by industry to efficiently meet
regulatory requirements for emissions reductions.”

According to the International Energy Agency’s Greenhouse Gas Program,
power plants and other large stationary industrial sources worldwide
generated aggregate annual carbon dioxide emissions of more than 14
billion tons, representing half of all global emissions of carbon
pollution from all sources. CO(2) Solution’s patented technology provides a cost effective answer for the
capture and treatment of these harmful emissions.

About CO(2) Solution Inc.
CO(2) Solution is an innovator in the field of enzyme-enabled carbon capture
and has been actively working to develop and commercialize the
technology for power plants and other large stationary sources of
carbon pollution. In the process, CO(2) Solution has built an extensive patent portfolio covering the use of
carbonic anhydrase, or analogues thereof, for the efficient
post combustion capture of carbon dioxide with low energy aqueous
solvents. Further information about CO(2) Solution can be found at www.co2solution.com.

CO(2) Solution Forward-looking Statements
Certain statements in this news release may be forward-looking. These
statements relate to future events or CO(2) Solution’s future economic performance and reflect the current
assumptions and expectations of management. Certain unknown factors may
affect the events, economic performance and results of operation
described herein. CO(2) Solution undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required under applicable

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.


Source: PR Newswire