June 6, 2005

Syncrude marks environmental achievements in 3rd Sustainability Report

FORT MCMURRAY, ALTA-Achievements during 2004 demonstrate Syncrude's continuing commitment to sustainable development, Syncrude CEO Charles Ruigrok noted late last month as the joint venture released its third annual comprehensive Sustainability Report. The report provides a detailed discussion of the environmental, economic and social impacts associated with its business activities. Environmental highlights of the report include: regulatory approval of Syncrude's emission reduction project, which will help reduce total sulfur dioxide emissions by 60% from current levels; record land reclamation of 653 hectares, bringing to 4,055 hectares the total area of land reclaimed since 1978; and total water withdrawals from the Athabasca River of 30.6 million cubic metres, marking Syncrude's lowest withdrawal since 1990. The report may be viewed on Syncrude's Web site, www.syncrude.com, or requested by calling 1-800-667-9494. The Syncrude Project is a joint venture operated by Syncrude Canada and owned by Canadian Oil Sands, ConocoPhillips Oilsands Partnership II, Imperial Oil Resources, Mocal Energy, Murphy Oil, Nexen and Petro-Canada Oil and Gas.

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