Multiple Emissions Trading Simulation to Take Place in Calgary

Canadian companies will get a practical introduction to multiple emissions trading at the 2nd Alberta Emissions Trading Simulation - A Multi-Pollutant Scenario, at the University of Calgary, November 19-20, 2003.

The simulation will be delivered by Climate Change Central, in partnership with CO2e.com LLC, a subsidiary of Cantor Fitzgerald and a global leader in emissions brokerage services.

The event will allow participants to assume the roles of companies operating under a regulatory regime where greenhouse gas (GHG), nitrous oxide (NOx) and sulphur dioxide (SO2) emissions are constrained. Participants face the challenge of balancing internal investments with trading to achieve compliance in the most cost-effective manner.

"Emissions trading is an important part of the Alberta government's climate change action plan," said Lorne Taylor, Alberta's Environment Minister and co-chair of Climate Change Central. "The simulation will help us gain a better understanding of how we can work together to better manage emissions and still enjoy a prosperous economy."

The simulation will build on the success of Climate Change Central's 2001 GHG trading simulation, which was the first of its kind in Western Canada. It also draws on benchmark data of Alberta Environment's Emission Trading Project that assessed the feasibility of multiple emissions trading. The simulation, expected to draw teams of participants from about 50 companies and organizations, will make use of current industry and corporate data.

"The goal of the simulation is to allow participants to develop an appreciation of the impacts of potential regulatory frameworks on emissions trading," said Allan Amey, President and CEO of Climate Change Central. "Alberta companies are operating in a global marketplace and are looking for ways to gauge how alternative regulatory policies and trading emissions credits will impact their operations."

"CO2e.com remains committed to partnering with Climate Change Central to deliver informative simulation initiatives," said Corinne Boone, Managing Director of CO2e.com. "This multiple emissions trading simulation will offer participants another opportunity to clearly understand the role markets play in forming economically efficient and environmentally viable business strategies."

Climate Change Central is a private-public partnership established as a catalyst for and coordinator of activities by Alberta individuals, businesses, institutions and governments to reduce greenhouse gas emissions in Alberta.

CO2e.com is a multi-national company that provides market-based solutions to assist companies to manage the opportunities and risks of climate change. Cantor Fitzgerald is a leading financial services provider that offers clients an array of financial products and services in the equity and fixed income capital markets.

Other sponsors include TransCanada, Suncor Energy, ENMAX, Alberta Pacific Forest Industries, EPCOR, Environment Canada, EnCana and ATCO Power.

The simulation will take place at the University of Calgary's Learning Commons, 5th Floor, Biological Sciences Building, from 8 a.m. to 4 p.m., November 19-20.

For a media tour of the simulation, contact:

Helen Corbett
Communications Director
Climate Change Central
(403) 517-2717

For further information, contact:

David Messina
Cantor Fitzgerald
(212) 829-5429

Val Mellesmoen
Communications Director
Alberta Environment
(780) 427-6267

www.climatechangecentral.com

www.co2e.com

www.cantor.com