6.01.2005 ET

(CSRwire) TORONTO, ON - Corporate leadership is the key to the long-term "health" of our environment and our energy resources. Those companies who create and implement sustainability plans not only benefit their bottom line, they benefit the air we breath, the water we drink and our standard of living. The 4th annual GLOBE Awards for Environmental Excellence recognize those companies that have demonstrated environmental leadership and a commitment to sustainable business strategies. The awards were presented on May 27, 2005 in Toronto at the EECO Environment and Energy Conference at the Metro Toronto Convention Centre.

The following are the winners of the 2005 Globe Awards for Environmental Excellence:

The Award for Excellence in Brownfield Redevelopment - Canadian Pacific Railway Company, Redevelopment of the Former Angus Shops in Montreal

The Corporate Competitiveness Award is presented to a corporation with a record of environmental leadership that has materially contributed to economic competitiveness and demonstrated a commitment to environmental excellence. Alcan Inc. is a multi-national, market-driven company employing 70,000 people in 55 countries and regions worldwide. The Company is a global leader in aluminum with world-class operations in primary aluminum, fabricated aluminum as well as flexible and specialty packaging, aerospace applications, bauxite mining and alumina processing. Alcan is translating its sustainability commitments into concrete actions and applications through Alcan's Integrated Management System (AIMS) and its three key components: value-based management, EHS FIRST and Continuous Improvement. AIMS links these initiatives and reinforces the focus of managing for value for the entire Company.

The Company strives to optimize shareholder value while contributing to social, environmental and economic value. Alcan has reduced its greenhouse gas emissions (three million tonnes less of CO2 than in 1990) through the re-use of bauxite residue and more innovative packaging. The Company works towards more efficient power generation and promotes closed loop manufacturing systems to promote water recycling. With leadership from President and CEO Travis Engen, Alcan awarded its first Alcan Sustainability Prize in 2004 by contributing US$1 million to the Forest Stewardship Council for its work in forest management and conservation.

The Industry Association Award for Environmental Performance is granted to an association that shows leadership by going beyond regulatory compliance to develop a commitment to improved environmental performance through research, development and education in partnership with governments, NGOs, communities and stakeholders. In the past year, The Mining Association of Canada (MAC) has launched its Towards Sustainable Mining (TSM), a stewardship initiative that aims to sustain the industry's role as a leading economic player by increasing public trust in its ability to manage the environmental and social issues important to Canadians. TSM includes clear performance indicators and targets in the areas of tailings management, energy use, greenhouse gas management, external outreach and crisis management.

RailPower Technologies Corporation, this year's winner of The Corporate Award for Technology Innovation and Application, has developed an innovation known as the Green Goat. The Green Goat is an emission busting, fuel saving, hybrid locomotive for yard and branch line switching. In comparison to a conventional diesel motor, the Green Goat uses generation set/battery technology, similar to the automobile mobile hybrid concept. With this technology, there is a 40 to 70 percent reduction in diesel fuel use and greenhouse gas emissions and an 80 to 90 percent cut in oxides of nitrogen (NOx) and particulates when in yard service. This new innovation is in production for operation at companies such as CP Rail, UP and railroads in the US. Licensing for international markets is also underway.

A new category for this year's Globe Awards is the Capital Markets Award for Sustainable Investment & Banking. This award identifies the efforts financial markets are making to integrate environmental factors into banking decisions and placing more capital into sustainable technologies and ventures. The Cleantech Venture Network is an organization that connects venture, corporate and institutional investors with "clean technologyc entrepreneurs, through related information products, online services and the Cleantech Venture Forum series of events. The Cleantech Venture Network serves over 600 affiliate investor member firms worldwide. They have tracked more than $3.5 billion invested in cleantech ventures since 2002, of which nearly $300 million has been raised by Forum-presenting companies.

The 2005 Globe Awards for Environmental Excellence present the Canadian Pacific Railway Company the award for Excellence in Brownfield Redevelopment for its revitalization of the former Angus Shops in Montreal. The site became available for redevelopment in 1992. Over a four-year period, CPR, along with advisors and consultants, began a Site-Specific Risk Assessment (SSRA) to determine the best remediation option. Working closely with the city, CPR established community advisory groups and connected with local stakeholders. The Angus site was cleaned up over a seven-year period primarily through soil remediation. It is now now fully operational and represents a vibrant part of New Montreal.

Previous winners of the GLOBE Awards include Toyota Canada, Canadian Urban Transit Association, Xantrex Technology Inc., and Carmanah Technologies Inc. Businesses with a track record of environmental innovation can enter the GLOBE Awards for Environmental Excellence.

The awards are sponsored by The Globe and Mail, Report on Business Television, and the GLOBE Foundation of Canada. A panel of well-known experts from the Canadian business community are responsible for judging award submissions. For detailed awards information, please visit the Globe Foundation website at www.theglobeawards.ca.

EECO, one of the most powerful economic and business summits in the Great Lakes Region, brings together the major players of the Great Lakes Economy and finished with the presentation of the GLOBE Awards on May 27. Join us in Vancouver, Canada from March 29 to March 31, 2006 for GLOBE 2006, the 9th event in a series of biennial conferences and trade fairs focused on the business of the environment.


Reference:
Jeremy Dunn, Curve Communications
Tel: 604-684-3170
Cell: 604-726-8350
jeremy@curvecommunications.com

For more information please contact:

Jeremy Dunn , Curve Communications
+1-604-684-3170

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