Oil Sands Developers Group responds to Government of Alberta's Climate Change Funding Announcement



    FORT MCMURRAY, AB, July 8 /CNW/ - The Athabasca Regional Issues Working
Group (RIWG) applauds the government of Alberta's announcement today of
initiatives to take decisive action to reduce greenhouse gas emissions in
Alberta.
    Don Thompson, the President of RIWG, says the Stelmach government's
announcement of support for projects to capture CO(2) from key components of
Alberta's energy economy such as coal fired utilities and oil sands production
facilities, and either use it to maximize resource recovery in the province or
store it underground, is an important step in addressing climate change.
    "Carbon sequestration is still a relatively new process and the
technology associated with capture and sequestration of CO(2) is still very
expensive. We expect these costs will come down with the advancement of
technology which can only be made possible through the construction and
generation of actual projects and the ongoing efforts and investment of
industry with the support of government through initiatives such as this."
    Mr. Thompson also supports the Alberta government's recognition of the
importance of reducing demand-side, consumer emissions as part of addressing
climate change concerns
    The ongoing growth in the oil sands region in response to increasing
demand for energy requires the continued engagement of all parties to ensure
that growth occurs in a sustainable fashion. Mr. Thompson says RIWG and its
member companies look forward to continuing to address cumulative
environmental impacts through its actions and its interactions with local
stakeholders.
    "With more than $100 billion in oil sands projects under construction or
in the planning phase, there is clearly much to be gained through an
effective, collaborative effort to address important oil sands issues such as
climate change."

    About the Athabasca Regional Issues Working Group

    The Athabasca Regional Issues Working Group (RIWG) works closely with
industry representatives, oil sands developers, local and provincial
governments, aboriginal peoples, and numerous other regional organizations to
identify and help resolve issues related to oil sands development in the
region around Fort McMurray.





For further information:

For further information: Lauren Piercy, NATIONAL Public Relations,
lpiercy@national.ca, (403) 531-0331

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RIWG (ATHABASCA REGIONAL ISSUES WORKING GROUP)

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