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Talisman Energy Inc. Recently Released Its 2005 Corporate Responsibility Report - ''Responsibly Managing Impacts''

Submitted by: Talisman Energy Inc.

Categories: Environment

Posted: May 09, 2006 – 12:00 AM EST

Visit http://www.talisman-energy.com/cr_online/2005/index.html to view the Report on-line, or request a printed copy

In 2005, Talisman...

Launched a Company-wide Online Ethics Awareness Program

Invested approximately $5.5 million in global community development programs

Launched a proactive stakeholder consultation process in Alaska.

Recorded no fatalities, life-threatening occupational injuries or major environmental incidents at Talisman-operated sites.

Implemented produced water re-injection projects that will significantly reduce the amount of oil discharged from offshore operations in the North Sea.

Became the first Canadian company to officially support the Extractive Industries Transparency Initiative.

Established an accounting and auditing complaints procedure and hotline to provide employees with a means to report questionable accounting and auditing practices.

"Responsibly Managing Impacts" was prepared in accordance with the Global Reporting Initiative's 2002 Guidelines and has been independently reviewed by PricewaterhouseCoopers LLP.

Talisman Energy Inc. is a large, independent upstream oil and gas company headquartered in Calgary, Alberta, Canada. Talisman has operations in Canada and its subsidiaries operate in the North Sea, Southeast Asia, Australia, North Africa, the United States and Trinidad and Tobago. Talisman's subsidiaries are also active in a number of other international areas, including Colombia, Gabon, Peru, Qatar and Romania.

Talisman is committed to conducting its business in an ethically, socially and environmentally responsible manner and is a participant in the United Nations Global Compact, a voluntary initiative that brings together companies, governments, civil society and other groups to advance human rights, labour and environmental principles. Talisman's shares are listed on the Toronto Stock Exchange in Canada and the New York Stock Exchange in the United States under the symbol TLM.

For more information, please contact:

Brent Anderson Talisman Energy Inc.

Phone: (403) 237-1912

For more from this organization:

Talisman Energy Inc.

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CSR Press Release

Talisman Energy Inc. Recently Released Its 2005 Corporate Responsibility Report - ''Responsibly Managing Impacts''