Alcan to Target Global Solution to Climate Change at July 2005 G8 Summit
Montreal, Canada 6/9/2005
Alcan Inc. (NYSE, TSX: AL) joins 23 international businesses today in calling for urgent global action to combat climate change, with its President and Chief Executive Officer, Travis Engen, endorsing a package of recommendations presented to the United Kingdom's Prime Minister, the Right Honourable Tony Blair MP, who also holds the G8 Presidency for 2005. Mr. Blair will be presenting his recommendations regarding climate change at the G8 Summit in July.
"It is an honour to develop recommendations on an issue the Prime Minister regards as a personal priority for his Presidency of the G8. Climate change affects businesses, governments, and consumers alike and these are the issues we have addressed through the G8 Climate Change Roundtable," said Mr Engen. "Alcan has a proud track-record in the reduction of greenhouse gas emissions, achieved through significant investment in the management of our process emissions and energy efficiency improvements at our global operations, and my aim was to bring that knowledge and experience to the table," he added.
In January, Mr. Blair recruited a group of international business leaders to form the G8 Climate Change Roundtable at the World Economic Forum in Davos, Switzerland. The Prime Minister asked the group to share with him their perspectives and expertise ahead of July's G8 Summit.
Following a series of expert working group meetings, the participating business leaders reconvened today to present their recommendations to the Prime Minister.
The group has identified a Framework for Action that will allow G8 governments and the private sector to collectively force a change in the pace and scale of climate change mitigation. The main recommendations presented to the Prime Minister today are:
· Establish a market-based framework extending to 2030, which is flexible, global in scope and sets clearly defined limits on greenhouse gas emissions and which also addresses climate change as part of an overall sustainable development agenda
· Promote low carbon technologies
· Provide support for low carbon economic development in emerging markets
· Improve performance metrics within and across national borders
· Create a practical 'toolkit' and common framework for the implementation of effective procurement and supply chain strategies
The G8 Summit will run from July 6-8 at the Gleneagles Hotel in Perthshire, Scotland.
Alcan is a multinational, market-driven company and a global leader in aluminum and packaging, as well as aluminum recycling. With world-class operations in primary aluminum, fabricated aluminum as well as flexible and specialty packaging, aerospace applications, bauxite mining and alumina processing, today's Alcan is well positioned to meet and exceed its customers' needs for innovative solutions and service. Alcan employs 70,000 people and has operating facilities in 55 countries and regions.
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