The Abu Dhabi National Energy Company PJSC (TAQA)

The Abu Dhabi National Energy Company PJSC (TAQA)

December 06, 2007 06:00 ET

Abu Dhabi National Energy Company PJSC (TAQA) Becomes First GCC Organization to Join the Global Fight Against Climate Change

ABU DHABI, UAE--(Marketwire - Dec. 6, 2007) - The Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Market (ADSM:TAQA) has become the first GCC company to be invited to join the 3C (Combat Climate Change) Initiative, a global opinion group of prominent business leaders demanding integration of climate issues into markets and trade.

As the first member from a non G8 + 5 country, TAQA joins forces with business leaders from nearly 50 large organizations committed to contributing to a common vision of a low emitting, sustainable society. The 3C Initiative's goal is to set a global limit to the maximum temperature increase and define emission reduction targets for 2030 and 2050 based on the best available research. 3C members aim to lobby governments to create a series of policies that will enable targets to be met.

"I am delighted TAQA has been invited to join the 3C Initiative. As a signatory, we have committed to play a proactive role in combating climate change, and as the first GCC member, we hope to set a precedent in the region," said Peter Barker Homek, TAQA's chief executive officer.

"As a new company with a vision to become a global player in the energy sector, I believe we have a responsibility to lead the way in cutting greenhouse gas emissions and support the move towards a low emitting economy. We aim to excel at everything we do, and contributing to a sustainable society as an organization is no exception. The continuous assessment and improvement of the environmental performance of our facilities, whether management office or power plant, is a fundamental part of our business," he added.

As a company in the midst of an active acquisition phase, environmental performance is an important factor taken into consideration by TAQA during the evaluation of prospective purchases. "We may also look to adding non greenhouse gas emitting power generation sources to the portfolio such as wind, solar or geothermal in the future," added Barker Homek.

On a day to day basis, TAQA's operations around the world are focussed on taking steps to monitor and reduce emissions of harmful greenhouse gases, such as carbon dioxide (CO2) and nitrogen oxides produced in combustion (NOx). Emission reduction initiatives include the introduction of solar powered equipment to eliminate the venting of greenhouse gases, upgrades to new technology to reduce fugitive, vented and flared methane, and the purchase of compression equipment prime movers (engines) with improved fuel performance.

About Abu Dhabi National Energy Company (TAQA)

Abu Dhabi National Energy Company (TAQA) is a global energy company with operations in power generation, desalination, renewables, upstream oil/gas, pipelines, gas storage and LNG regas.

TAQA was founded in Abu Dhabi in 2005 and listed on the Abu Dhabi Stock Exchange. TAQA has in excess of AED 56bn in assets, turnover of over AED3.3bn. TAQA operates from its offices in Abu Dhabi, UAE; Ann Arbor, Michigan, USA; Calgary, Canada and The Hague with alliance partners across the Gulf, Middle East, North Africa, Europe, Australia, and the United States.

TAQA's environmental accreditations include:


- Exploration & Production (E&P) Steward of Excellence Award from Canadian Association of Petroleum Producers in 2002 in recognition of waste gas reduction

- Platinum level of stewardship recognition awarded by Canadian Association of Petroleum Producers - for routinely performing internal and external audits of management system implementation and performance

TAQA New World (POWER Plants):

- ISO 14001 (Environmental Management Systems): Taweelah A2, Shuweihat S1, Jorf Lasfar, Neyveli (UAE, Morocco & India)

TAQA Energy Netherlands:

- ISO 14001 certified. (Environmental Management Systems).

ISO 14001 (Environmental Management Systems) is part of the common management system and focuses on the control and improvement of environmental performance.

About the 3C Initiative:

The 3C Initiative was launched on 11 January 2007 by a statement appealing to the global community and all its representatives to join forces with business leaders around a common vision of a low emitting, sustainable society and to cooperate to create a roadmap that leads to its realization.

Following a six month process of open consultation with many of the initiative's participating companies, a series of recommendations were launched in Washington D.C. on 9 November 2007.

To read more about the development of the 3C roadmap and participants in the 3C Initiative on

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