TransAlta recognized for Leading Climate Change Disclosure Practices
October 5, 2010
TransAlta President and CEO Steve Snyder rings opening bell at the Toronto Stock Exchange, Tuesday, October 5, 2010.
Today, TransAlta Corporation (TSX:TA) (NYSE:TAC) was named as one of the 15 Carbon Disclosure Leaders in Canada by the Carbon Disclosure Project, making this the second time TransAlta is a recipient of this prestigious international award.
“TransAlta is honoured by CDP's recognition of our corporate responsibility and environmental leadership and sustainability efforts," said Steve Snyder, TransAlta President and CEO. "We are committed to helping to reduce the utility industry's environmental footprint by examining and implementing new ways to reduce our greenhouse gas emissions, to green our facilities, and by offering eco-friendly products and services to our customers. TransAlta thanks the CDP for continuing to inspire a variety of industries to lead us to a more sustainable future.”
The annual CDP “Carbon Disclosure Project Report 2010: Canada 200” information request asks 4,700 of the largest companies in the world — including the largest 200 firms by market capitalization listed on the Toronto Stock Exchange — to disclose their greenhouse gas emissions and climate change strategies.
TransAlta is recognized for its strong understanding and management of company-specific exposure to climate-related risks and opportunities; for its strategic focus and commitment to understanding the business issues related to climate change, emanating from the top of the organization; its ability to measure and manage the company's carbon footprint; as well as for its regular and relevant disclosure to key corporate stakeholders. The results indicate a strong level of engagement and leadership at the highest corporate levels in the largest companies.
TransAlta remains the only Canadian utility company to set clear and measurable environmental sustainability targets and goals. For more information on TransAlta programs that protect the environment, go to www.transalta.com/sustainability.
The Carbon Disclosure Project Report 2010: Canada 200, including names of companies featured in the Carbon Disclosure Leadership Index, can be found at www.cdproject.net.
About Project Pioneer
Project Pioneer is among the world’s largest fully-integrated CCS initiatives within the power sector. It will be a near commercial-scale demonstration of all elements of the CCS chain through a unique combination of partners, technology and integration. Project Pioneer brings together public and private partners who have been leaders on environmental issues for years. Current partners include:
- TransAlta - project leader and operational partner. TransAlta brings extensive experience in power generation, construction and innovation to Project Pioneer. As the project leader and generation operator for Keephills 3, TransAlta will provide operational, technical, commercial and project management.
- Alstom Canada - capture technology leader. Alstom, a global leader in energy technology, brings its expertise in the Chilled Ammonia carbon capture process.
- Capital Power - generation partner. Capital Power shares a long history with TransAlta, brings best-in-class power technology and is the joint venture partner with TransAlta for the Keephills 3 coal plant – the location for Project Pioneer.
- Enbridge - transportation and storage leader. Enbridge, a North American leader in energy delivery, brings its pipeline expertise and sequestration knowledge.
- The Government of Canada will contribute $343 million through the Clean Energy Fund and the federal ecoENERGY Technology Initiative.
- The Government of Alberta will contribute $431 million through its $2 billion CCS Fund with an additional $5 million from the Alberta EcoTrust Grant program.
For more information about Project Pioneer visit www.projectpioneer.ca.
About TransAlta
TransAlta is a power generation and wholesale marketing company focused on creating long-term shareholder value. TransAlta maintains a low-to-moderate risk profile by operating a highly contracted portfolio of assets in Canada, the United States and Australia. TransAlta’s focus is to efficiently operate our biomass, geothermal, wind, hydro, natural gas and coal facilities in order to provide our customers with a reliable, low-cost source of power. For 100 years, TransAlta has been a responsible operator and a proud contributor to the communities where we work and live. TransAlta is recognized for its leadership on sustainability by the Dow Jones Sustainability North America Index, the FTSE4Good Index and the Jantzi Social Index. TransAlta is Canada’s largest investor-owned renewable energy provider.
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