Stantec Inc.

Stantec Inc.

November 05, 2007 14:00 ET

Stantec Teams With EcoSecurities to Manage Carbon Reduction Initiatives

EDMONTON, ALBERTA--(Marketwire - Nov. 5, 2007) - Today Stantec (TSX:STN) (NYSE:SXC) announced it has entered into a relationship with EcoSecurities to provide clients with an integrated and comprehensive array of greenhouse gas management services, including verifying, registering, and selling carbon credits. EcoSecurities is a leading company in the business of sourcing, developing, and trading carbon credits throughout the world.

"The choice to work with EcoSecurities is firmly in line with Stantec's commitment to social, environmental, and financial sustainability," says Rich Allen, leader of Stantec's US East region. "Our Company is dedicated to taking a sustainable approach to our projects, and this relationship with EcoSecurities will allow us participate in the development of projects that generate carbon offset credits, with the goal to reduce greenhouse gas emissions."

Carbon offsets are generated as the result of a greenhouse gas emission reduction project delivering measurable reductions in emissions through a variety of technologies, including renewable energy, landfill gas capture, and biomass energy. The projects create emission reductions by displacing more fossil fuel intensive activities or by reducing the direct release of Greenhouse Gasses into the atmosphere. EcoSecurities helps companies qualify their reductions as well as buy or sell carbon credits.

"Stantec is one of North America's leading sustainable design firms with a portfolio of hundreds of sustainable projects. We are applying sustainable practices in all aspects of our business," says Jeff Kishel, Senior Vice President, who works from Stantec's Denver office. "We are excited to do whatever we can to improve energy efficiency throughout our industry as we continue to face the challenges of global warming."

Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, economics, and project management. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through over 7,500 employees operating out of more than 100 locations in North America. Stantec trades on the TSX under the symbol STN and on the NYSE under the symbol SXC. Stantec is One Team providing Infinite Solutions.

Cautionary note regarding forward-looking statements

This press release contains "forward-looking statements". Some of these statements may involve risks and uncertainties and other factors that may be beyond the control of Stantec and cause actual results to be materially different from those contained in such forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in Stantec's filings with the Canadian provincial securities commissions and the United States Securities and Exchange Commission.

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