EDMONTON, March 4, 2015 /CNW/ - Today, Shell Canada
announced it is contributing $450,000
to the TELUS World of Science – Edmonton (TWOSE) to fund its on-site school
program, and unveiled a new interactive carbon capture and storage
(CCS) exhibit.
The funding will be directed to the Science Centre's on-site
school program, and is distributed over three years. The
interactive CCS display is designed to help showcase the
technology, and specifically Quest, the first commercial-scale CCS
project in the world for an oil sands operation.
"Supporting education and developing science literacy is a major
focus of our social investment program," says Stephanie Sterling, Shell's General Manager,
Community and Indigenous Relations. "The science centre's school
field trip program is designed to teach about science through
hands-on learning opportunities and reaches on average more than
160,000 students per year. We are delighted to support a program
that is focused on making science fun for kids and inspiring
innovative thinking."
"Advancing knowledge is a core aspect of our science centre, and
we are grateful for this partnership which allows us to continue to
serve the community," says Alan
Nursall, President and CEO, TWOSE. "The support of our
school programs ensures our scientists can deliver programs which
engage thousands of students. The carbon capture and storage
exhibit adds value for all our guests to better understand this
technology."
"Science, technology and innovation are all core to what Shell
and our industry does. In addition to providing funding for science
education we are able to bring an interactive experience to the
facility that is designed to enhance understanding about how CCS
technology works and the work Shell is doing to advance CCS through
the Quest project," says Sterling.
"As we get closer to starting up Quest later this year we want
to show Albertans how CCS works and demonstrate Canada's leadership in helping to pave
the way for future GHG-reducing CCS projects around the world."
The Quest CCS project is being built by Shell Canada on behalf
of its Athabasca Oil Sands Project joint venture owners and with a
total $865 million investment from
the Governments of Alberta and
Canada. Once operational, Quest
will reduce carbon dioxide (CO2) emissions from the Scotford
Upgrader, 50 km northeast of Edmonton, by more than one million tonnes per
year -- which is like taking 175,000 North American cars off the
road.
The interactive experience invites TWOSE visitors to take a
journey more than two kilometres underground to the rock formation
into which the Quest CO2 will be injected and permanently
stored.
Notes to Editors:
- The Athabasca Oil Sands Project, with 255,000 barrels per day
of mining and upgrading capacity, is a joint venture among Shell
Canada Energy (60 per cent), Chevron Canada Limited (20 per cent)
and Marathon Oil Canada Corporation (20 per cent).
- CCS has been identified as a critical technology to reduce CO2
emissions from large-scale industrial facilities like power plants,
oil and gas operations The International Energy Agency (IEA) calls
CCS "a crucial part of worldwide efforts to limit global warming"
and estimates that it could deliver about one-fifth of necessary
worldwide reductions in greenhouse gases by 2050.
- Shell is also working with governments and experts to help the
development of CCS in other countries around the world, with
interests in projects in Norway
and Australia and a potential
project in the UK.
Royal Dutch Shell
plc
Royal Dutch Shell plc is
incorporated in England and
Wales, has its headquarters in
The Hague and is listed on the
London, Amsterdam, and New
York stock exchanges. Shell companies have operations in
more than 90 countries and territories with businesses including
oil and gas exploration and production; production and marketing of
liquefied natural gas and gas to liquids; manufacturing, marketing
and shipping of oil products and chemicals and renewable energy
projects. For further information, visit www.shell.com.
Shell Canada Ltd
Shell has been operating in
Canada since 1911 and employs
approximately 8,000 people across the country. A leading
manufacturer, distributor and marketer of refined petroleum
products, Shell produces natural gas, natural gas liquids and
bitumen, and is Canada's largest
producer of sulphur. Shell is one of Canada's oil sands developers and operates the
Athabasca Oil Sands Project on behalf of the joint venture
partners.
CAUTIONARY NOTE:
All amounts shown throughout this Report are unaudited. All peak
production figures in Portfolio Developments are quoted at 100%
expected production.
The companies in which Royal Dutch
Shell plc directly and indirectly owns investments are
separate entities. In this document "Shell", "Shell group" and
"Royal Dutch Shell" are sometimes used for convenience where
references are made to Royal Dutch
Shell plc and its subsidiaries in general. Likewise, the
words "we", "us" and "our" are also used to refer to subsidiaries
in general or to those who work for them. These expressions are
also used where no useful purpose is served by identifying the
particular company or companies. ''Subsidiaries'', "Shell
subsidiaries" and "Shell companies" as used in this document refer
to companies over which Royal Dutch
Shell plc either directly or indirectly has control.
Companies over which Shell has joint control are generally referred
to as "joint ventures" and companies over which Shell has
significant influence but neither control nor joint control are
referred to as "associates". The term "Shell interest" is used for
convenience to indicate the direct and/or indirect ownership
interest held by Shell in a venture, partnership or company, after
exclusion of all third-party interest.
This document contains forward-looking statements concerning the
financial condition, results of operations and businesses of
Royal Dutch Shell. All statements
other than statements of historical fact are, or may be deemed to
be, forward-looking statements. Forward-looking statements are
statements of future expectations that are based on management's
current expectations and assumptions and involve known and unknown
risks and uncertainties that could cause actual results,
performance or events to differ materially from those expressed or
implied in these statements. Forward-looking statements include,
among other things, statements concerning the potential exposure of
Royal Dutch Shell to market risks
and statements expressing management's expectations, beliefs,
estimates, forecasts, projections and assumptions. These
forward-looking statements are identified by their use of terms and
phrases such as ''anticipate'', ''believe'', ''could'',
''estimate'', ''expect'', ''goals'', ''intend'', ''may'',
''objectives'', ''outlook'', ''plan'', ''probably'', ''project'',
''risks'', "schedule", ''seek'', ''should'', ''target'', ''will''
and similar terms and phrases. There are a number of factors that
could affect the future operations of Royal
Dutch Shell and could cause those results to differ
materially from those expressed in the forward-looking statements
included in this document, including (without limitation): (a)
price fluctuations in crude oil and natural gas; (b) changes in
demand for Shell's products; (c) currency fluctuations; (d)
drilling and production results; (e) reserves estimates; (f) loss
of market share and industry competition; (g) environmental and
physical risks; (h) risks associated with the identification of
suitable potential acquisition properties and targets, and
successful negotiation and completion of such transactions; (i) the
risk of doing business in developing countries and countries
subject to international sanctions; (j) legislative, fiscal and
regulatory developments including regulatory measures addressing
climate change; (k) economic and financial market conditions in
various countries and regions; (l) political risks, including the
risks of expropriation and renegotiation of the terms of contracts
with governmental entities, delays or advancements in the approval
of projects and delays in the reimbursement for shared costs; and
(m) changes in trading conditions. All forward-looking statements
contained in this document are expressly qualified in their
entirety by the cautionary statements contained or referred to in
this section. Readers should not place undue reliance on
forward-looking statements. Additional risk factors that may affect
future results are contained in Royal Dutch Shell's Form 20-F for
the year ended December 31, 2013 (available at
www.Shell.com/investor and www.sec.gov). These risk factors also
expressly qualify all forward-looking statements contained in this
document and should be considered by the reader. Each
forward-looking statement speaks only as of the date of this
document, February 23, 2015. Neither Royal Dutch Shell plc nor any
of its subsidiaries undertake any obligation to publicly update or
revise any forward-looking statement as a result of new
information, future events or other information. In light of these
risks, results could differ materially from those stated, implied
or inferred from the forward-looking statements contained in this
document.
We may have used certain terms, such as resources, in this
document that the United States Securities and Exchange Commission
(SEC) strictly prohibits us from including in our filings with the
SEC. U.S. investors are urged to consider closely the disclosure in
our Form 20-F, File No 1-32575, available on the SEC website
www.sec.gov. You can also obtain this form from the SEC by calling
1-800-SEC-0330.
SOURCE Shell Canada Limited