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BMO turns green in Atlantic Canada, Bullfrog enters the Maritimes

HALIFAX, NS — BMO Financial Group announced today that it has expanded its commitment to the use of green energy by purchasing Bullfrog Power for all of its 64 facilities in Nova Scotia, New Brunswick and Prince Edward Island. Effective immediately, BMO becomes the biggest user of Bullfrog Power in Atlantic Canada.

The announcement follows purchases over the last two years of Bullfrog Power's clean, renewable energy for BMO locations in Ontario, Alberta and British Columbia, where a total of 78 branches have been bullfrogpowered to date.

"Customers expect us to show leadership when it comes to the environment," said Steve Murphy, Senior Vice-President, Atlantic Division, BMO Bank of Montreal. "This means that we must adopt and integrate environmental best practices into everything we do. With this purchase, we are reaffirming our commitment to minimizing the impact of our operations on the environment - here in Atlantic Canada and everywhere else we do business."

"It is part of our Environmental Policy to encourage a green workplace through programs that promote energy efficiency, waste minimization, recycling and green procurement," said Jim Johnston, Director, Environmental Sustainability, BMO Financial Group. "With this further investment, BMO moves to the top-tier Vanguard level on the bullfrogpowered Green Index for companies who have purchased over 20,000 annual megawatt hours of green power. It shows our leadership in the area of environmental sustainability and will represent an integral part of BMO achieving carbon neutrality company-wide in 2010."

"At Bullfrog Power, we're delighted that BMO has decided to expand its green power partnership with us, as we bring a new green electricity choice to Maritime homes and businesses," says Tom Heintzman, President, Bullfrog Power. "By choosing to bullfrogpower all of its operations in the Maritimes, BMO continues to play an important role in the advancement of the renewable power industry in Canada."

Bullfrog Power, meanwhile, announced today that it is now offering homes and businesses in Nova Scotia, New Brunswick and Prince Edward Island the opportunity to be "bullfrogpowered." In the Maritime provinces, Bullfrog Power currently sources from wind farms and low-impact hydro facilities in Prince Edward Island and New Brunswick. Bullfrog's Maritime generators inject renewable electricity onto the regional grid to match the amount of power used by Bullfrog Power's customers.

For more information on BMO Financial's environmental initiatives, visit www.bmo.com/environment. For more on Bullfrog Power, visit www.bullfrogpower.com.

November 9, 2009  By Newswire