Suncor Energy Inc.

Suncor Energy Inc.

January 09, 2007 00:00 ET

Suncor Energy joins effort to end Calgary homelessness

Calgary, Alberta (January 9, 2007) —Twenty four Calgary corporate, government and community leaders today announced the creation of the Calgary Committee to End Homelessness. The committee has been established to develop a 10-year plan to end homelessness in Calgary, and deliver that plan to Calgarians in the next eighteen months.

"The community has mobilized to put an end to homelessness in our city," said Steve Snyder, TransAlta President and CEO and Chair of the newly formed Calgary Committee to End Homelessness. "We have come together as a community to stand up and say that we can no longer tolerate the homelessness of so many of our fellow Calgarians."

Suncor Energy Inc. President and CEO Rick George is one of seven private sector leaders serving on the committee.

The Committee to End Homelessness was born of increasing community concern over Calgary's growing homeless problem. In the biennial count of the homeless in May of this year, there were over 3,400 individuals homeless; a 32 per cent increase from 2004.

The committee of senior leaders will be supported by a working committee that will provide research, planning and support for implementation. The working committee will also be tasked with community consultation.

Wayne Stewart, President and CEO of the Calgary Homeless Foundation, praised civic leaders for volunteering their time and expertise to help solve one of the city's most vexing social problems.

"It's great to see our corporate, community and political leaders stepping up," said Stewart. "The status quo has become untenable and unsustainable."

Suncor Energy Inc. is an integrated energy company headquartered in Calgary, Alberta. Suncor's oil sands business, located near Fort McMurray, Alberta, extracts and upgrades oil sands and markets refinery feedstock and diesel fuel, while operations throughout western Canada produce natural gas. Suncor operates a refining and marketing business in Ontario with retail distribution under the Sunoco brand. U.S.A. downstream assets include pipeline and refining operations in Colorado and Wyoming and retail sales in the Denver area under the Phillips 66® brand. Suncor's common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.

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