Climate Change is an important global public policy issue. NOVA Chemicals has been actively working to reduce GHG emissions intensity since 1990 and we have reported our performance publicly since 1994. Our recent actions have reduced our GHG emissions intensity by 12% from 2000 to 2005 and we expect a further reduction of 8% by 2010.

Our basic beliefs

• GHG emissions and air quality are important global public policy issues and require the involvement of all stakeholders to develop and implement effective solutions
• Any solution must both protect the environment and enable economic growth and its benefits
• Regulations that create uncompetitive regions can have the effect of relocating production and jobs from developed countries and increasing overall emissions
• Product regulations must reflect the carbon impact of a product through its life cycle
• A competitive chemical industry in North America will deliver technical innovation, energy efficiency improvements and energy saving products that will reduce the emissions intensity of GHG for industry and for individual consumers

NOVA Chemicals’ position

The most effective solutions to climate change will be achieved through transformational technology that drives step-change improvements in energy efficiency around the world.

• We support GHG reduction initiatives that are flexible, economically sustainable and recognize early action.
• We will continue to aggressively invest in energy efficiency technology and projects.
• We support development of alternative energy sources including nuclear, energy from waste and clean coal, reserving adequate natural gas supplies for upgrading into higher value products.
• We will continue to support development of carbon capture and sequestration technology, infrastructure and projects.
• We encourage governments to actively support development of transformational technology that can be shared globally.

Additional information

For NOVA Chemicals’ detailed report on managing greenhouse gases, visit “Managing Greenhouse Gas Emissions: 2007”.

Further information is available from:

NOVA Chemicals at www.novachemicals.com
Canada’s Chemical Producers at www.ccpa.ca
The American Chemistry Council at www.americanchemistry.com