Carbon Dioxide Capture and Storage Projects Receive Funding

CALGARY, Jan. 17 /CNW Telbec/ – Four Canadian companies will soon lead
the way in demonstrating the capture and storage of carbon dioxide (CO2) as a
way to reduce greenhouse gas (GHG) emissions. The Honourable R. John Efford,
Minister of Natural Resources Canada (NRCan), today announced the awarding of
$10.8 million in funding under the CO2 Capture and Storage Incentive Program
to Anadarko Canada Corporation, Apache Canada Ltd., Penn West Petroleum Ltd.
and Suncor Energy Inc. At the same time, Minister Efford put forward a call
for a second round of proposals available in April 2005. A total of
$4.2 million in funding is available. This round of proposals will continue to
build on the cooperation between NRCan and the Government of Alberta to manage
GHG emissions and enhance conventional-resource recovery.

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