June 6, 2005

Third Globe Awards mark excellence in in environmental performance

Alcan, the Mining Association of Canada and RailPower Technologies were among the recipients of the third annual Globe Awards for Environmental Excellence, presented during the Energy and Environment Conference (EECO) in Toronto late last month.

Alcan received the 2005 Globe Award for Corporate Competitiveness. The company was recognized for its proven record of integrating sustainability principles into its approach to business. Doing so has contributed to its economic competitiveness, environmental leadership and community involvement.

The firm's sustainability commitments are translated into concrete actions and applications through the Alcan 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.

Other finalists in this category included Hewlett Packard (Canada) and TransAlta Corporation.

The Industry Association Award for Environmental Performance was presented to the Mining Association of Canada (MAC). The award recognized MAC's launch, over the past year, of

Towards Sustainable Mining (TSM), a stewardship initiative aimed at preserving 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 and greenhouse gas management, external outreach and crisis management. Its development is supported and advised by a 14-member community of interest advisory panel, and work is underway to finalize an external verification system to assess member company performance in these areas. MAC is also continuing to develop additional performance indicators addressing environmental issues such as biodiversity and closure and reclamation.

More information on TSM is available on the MAC Web site, www.mining.ca.

Other finalists in this category included the Canadian Association for Environmental Analytical Laboratories (CAEAL) and the Rechargeable Battery Recycling Corporation.

RailPower Technologies, based in Vancouver, received the Corporate Award for Technology Innovation and Application. The company has designed and patented hybrid technology to improve the environmental and economic performance of the rail industry. Its leading development is the Green Goat series hybrid switch locomotive, which has demonstrated reductions of 40 to 60% in energy consumption and greenhouse gas emissions.

Other finalists in this category included Aqua Treatment Technologies, Encana, Environmental Applied Research Technology House (EARTH) Canada and Purolator Courier.

The Capital Markets Award for Sustainable Investment and Banking went to CleanTech Venture Network, which connects venture, corporate and institutional investors with "clean technology" entrepreneurs. With a stated mission of accelerating what it considers "the next and necessary wave of venture innovation," CleanTech provides related information products, on-line services and its twice-yearly Venture Forum series of events.

Serving more than 600 affiliate investor member firms worldwide, CleanTech has tracked more than $3.5 billion invested in clean technology ventures since 2002; $300 million of this total has been raised by companies presenting at the Venture Forum events.

Other finalists in this category were the Ethical Funds Company and Quebec's Sustainable Development Investment Fund (Fonds d'investissement en developpement durable).

Canadian Pacific Railway was presented the Award for Excellence in Brownfield Redevelopment for its redevelopment of the former Angus Shops in Montreal. Other finalists in this category included Stantec Architecture (Toronto Police Services' 51 Division headquarters), Bunting Coady Architects and Diamond and Schmitt Architects (the University of British Columbia (UBC) Life Sciences Centre) and General Motors of Canada for its new automotive paint shop.

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