World's First Standard for Deep-Earth Storage of Industrial Carbon Emissions to be Developed by CSA Standards and IPAC-CO2 Research

To see the Social Media Release, please click here: https://smr.newswire.ca/en/csa-standards/deep-earth-storage-of-industrial-carbon-emissions

TORONTO, June 16, 2010 - CSA Standards, a leading developer of standards, codes and personnel
certification programs, and the International Performance Assessment Centre
for Geologic Storage of Carbon Dioxide (IPAC-CO2 Research Inc.) today
announced a joint agreement to develop Canada's first carbon capture and
storage (CCS) standard for the geologic storage of industrial emissions. The
CCS standard will be developed by leading North American experts and, upon
completion, will be submitted to the Standards Council of Canada for
recognition, making it the world's first formally recognized CCS standard in
this area. It is intended that the new standard will then be used as a basis
for the promotion of international standards through the International
Organization for Standardization.

"CSA Standards welcomes the opportunity to work with IPAC-CO2 to help
facilitate and support the growth of Canadian and international best
practices, standards and tools for the mitigation of risk in the geologic
storage of carbon dioxide," said Bonnie Rose, president, CSA Standards. "This
cooperative process will help provide for and advance global expertise in the
risk assessment of geologic CO2 storage projects. This new standard means
that Canada can be a world leader in carbon capture and storage, and we hope
that the world will embrace our approach."

This new standard will provide essential guidelines for regulators,
industry and others around the world involved with scientific and commercial
CCS projects. Coal, natural gas and oil will remain the world's dominant
sources of energy over the next several decades continuously adding to global
greenhouse gas emissions. On a global scale, approximately 31 billion tons of
CO2 are emitted per year into the atmosphere.(1) The International Energy
Agency (IEA) has urged a quick and global push to develop and deploy CCS
technologies to mitigate greenhouse gas emissions.

"This is one small but very important step for us to gain public and
regulator confidence in the geologic storage of CO2 as a sustainable energy
and environmental option," said Carmen Dybwad, chief executive officer of
IPAC-CO2 Research Inc. "We're very excited to work jointly with CSA
Standards, a not-for-profit membership-based association which has served
industry, government and consumers in Canada and the global marketplace since
1919."

CCS is a process consisting of the separation of CO2 from industrial and
energy-related sources, transport to a storage location and long-term
isolation from the atmosphere. Scientists estimate carbon capture units can
be used to reduce emissions from industrial plants by 85 to 95 per cent(2).
CCS is recognized as a key way to mitigate greenhouse gas in the atmosphere.
It can also be used commercially to assist in oil recovery projects. The new
standard will focus primarily on the long-term geologic storage of CO2 deep
underground.

"We welcome this important initiative," said Paal Frisvold, project
leader of the Bellona Environment CCS Team. "This is the first of its kind in
the world and will become a key contribution to designing policies and
mechanisms to enhance the acceleration of CCS deployment in other parts of
the world."

The Bellona Foundation is an international environmental NGO based in
Norway. Founded in 1986 as a direct action protest group, Bellona has become
a recognized technology and solution-oriented organization with offices in
Oslo, Brussels, Washington, D.C., St. Petersburg and Murmansk.

Large-scale international CCS research pilot projects are being tested
and studied in various areas of Canada and the world. Significant projects
have been underway in Saskatchewan and British Columbia for several years. A
top priority for CCS research is the confirmation that geologic CO2 storage
is safe, reliable and an environmentally beneficial practice for the
long-term. Although research projects have been underway for several years,
currently there are no formally recognized national or international
standards for the long-term storage of CO2. Standards are needed to help
ensure risks are identified and addressed.

CSA Standards has extensive experience in developing international
environmental and carbon dioxide management standards. On behalf of the
Standards Council of Canada (SCC), CSA Standards manages the Secretariat for
the committee that developed the ISO 14000 environmental management and ISO
14064 climate change standards.

IPAC-CO2 Research Inc. is designed to meet a public and regulatory need
in the global CCS chain by providing an independent performance and risk
assessment of geologic storage of carbon dioxide. Carbon capture and storage
technology has been identified by the UN Intergovernmental Panel on Climate
Change as one of the most promising near-term technologies for the rapid
reduction of global CO(2) emissions.

About CSA Standards

CSA Standards is a leading standards-based solutions organization serving
industry, government, consumers and other interested parties in North America
and the global marketplace. Focusing on standards and codes development,
application products, training, advisory and personnel certification
services, the organization aims to enhance public safety, improve quality of
life, preserve the environment and facilitate trade. CSA Standards is a
division of CSA Group, also consisting of CSA International, which provides
testing and certification services for electrical, mechanical, plumbing, gas
and a variety of other products; and OnSpeX, a provider of consumer product
evaluation, inspection and advisory services for retailers and manufacturers.
For more information visit www.csa.ca

About IPAC-CO2 Research Inc.

IPAC-CO2 Research Inc., the International Performance Assessment Centre
for Geologic Storage of Carbon Dioxide, is an environmental non-government
organization committed to providing independent risk assessments to
governments, industry and the public. IPAC-CO2 Research Inc. was established
in 2009 with $14 million in funding from the Government of Saskatchewan,
Royal Dutch Shell and the Government of Canada. The secretariat or
administrative offices are located at the University of Regina and IPAC-CO2
Research Inc. has established a global network of regional centres in eight
countries on six continents. For more information, visit
www.ipac-co2.com

A social media release including images and video clips is available at:
smr.newswire.ca/en/csa-standards/deep-earth-storage-of-industrial-
carbon-emissions

Broll is available on request

Version française disponible

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(1) University of Regina, Office of Energy and Environment.
www.uregina.ca/oee/faq/

(2) University of Regina, Office of Energy and Environment.
www.uregina.ca/oee/media/pdf/UofR-CCS-Brochure.pdf

For further information: Media contacts: Marco A. Ouji, Media Relations
Officer, CSA Group, +1-416-747-2615, Marco.Ouji@csagroup.org; Joe Ralko, ABC,
Manager, Corporate Communications, IPAC-CO2 Research Inc., +1-306-337-8460
(direct), +1-306-539-9270 (mobile), joe.ralko@ipac-co2.com

For further information: Media contacts: Marco A. Ouji, Media Relations Officer, CSA Group, +1-416-747-2615, Marco.Ouji at csagroup.org; Joe Ralko, ABC, Manager, Corporate Communications, IPAC-CO2 Research Inc., +1-306-337-8460 (direct), +1-306-539-9270 (mobile), joe.ralko at ipac-co2.com