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Corporate Social Responsibility
News
1.18.2008 - 01:30pm ET
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CSR News from:
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ATCO Group
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News Categories: |
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ATCO/Stittco Pipeline Reduces Greenhouse Gases by 18,500 Tonnes
Partners Officially Open First Major Project in Manitoba to Reduce Flared Natural Gas
(CSRwire) PIERSON, MANITOBA -- (MARKET WIRE) -- 01/18/08 -- ATCO Midstream and
partner Stittco Energy Limited officially opened a new 40-kilometre
pipeline Friday. Through collaboration with Canadian Natural Resources
Ltd., the pipeline will eliminate about 18,500 tonnes of greenhouse gas
emissions annually by reducing the flaring of solution gas associated with
local oil production.
"The initiative of ATCO Midstream and Canadian Natural has resulted in the
only project of its kind in Manitoba that delivers a quality business
solution in combination with real environmental benefits,"
said Kevin Cumming, President, ATCO Midstream. "This project shows the
environmental leadership that can occur when people work together to find
solutions."
The project will transport previously flared solution gas from Canadian
Natural's Pierson battery in southwest Manitoba and connect to the
Wolstitmor gathering system for processing into propane, butane and other
useable products at the Nottingham gas plant in southeastern Saskatchewan.
The greenhouse gas reduction is approximately the amount generated during
the heating of more than 2,200 typical Canadian homes each year.
Part of ATCO Group, ATCO Midstream provides natural gas gathering,
processing, storage and natural gas liquids solutions to the Canadian
natural gas producing sector.
ATCO Group, an Alberta-based worldwide organization of companies with
assets of approximately $7.8 billion and more than 7,000 employees, is
comprised of three main business divisions: Power Generation; Utilities
(natural gas and electricity transmission and distribution); and Global
Enterprises, with companies active in industrial manufacturing,
technology, logistics and energy services. More information about ATCO
Midstream can be found on its website www.atcomidstream.com.
Forward-Looking Information:
Certain statements contained in this news release may constitute
forward-looking statements. Forward-looking statements are often, but not
always, identified by the use of words such as "anticipate", "plan",
"expect", "may", "will", "intend", "should", and similar expressions.
These statements involve known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ materially from
those anticipated in such forward-looking statements. The Corporation
believes that the expectations reflected in the forward-looking statements
are reasonable, but no assurance can be given that these expectations will
prove to be correct and such forward-looking statements should not be
unduly relied upon.
The Corporation's actual results could differ materially from those
anticipated in these forward-looking statements as a result of regulatory
decisions, competitive factors in the industries in which the Corporation
operates, prevailing economic conditions, and other factors, many of which
are beyond the control of the Corporation.
The forward-looking statements contained in this news release represent
the Corporations' expectations as of the date hereof, and are subject to
change after such date. The Corporation disclaims any intention or
obligation to update or revise any forward-looking statements whether as a
result of new information, future events or otherwise, except as required
under applicable securities regulations.
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