Terrestrial Energy Inc.

Terrestrial Energy Inc.

December 02, 2015 08:00 ET

Terrestrial Energy Announces Appointment of Internationally-Recognized Sustainability Expert to International Advisory Board

NEW YORK, NEW YORK--(Marketwired - Dec. 2, 2015) - Terrestrial Energy announces the appointment of James Cameron of the UK to its International Advisory Board. Mr. Cameron is a global expert on climate change mitigation and corporate sustainability. He has advised large corporations, heads of state, and sovereigns, on climate and sustainability matters.

This appointment reinforces the Company's core commitment to developing commercially-viable, sustainable, clean-energy technology that can rapidly drive global decarbonization of the primary energy system. Mr. Cameron is a thought leader in ecological issues, and he has embraced advanced nuclear technology as an essential part of the climate solution.

Mr. Cameron is the chairman of the Overseas Development Institute, UK's leading independent think tank on international development and humanitarian issues. He is also a member of HM Treasury's Infrastructure UK advisory council, a unit of the UK Treasury that works on the UK's long-term infrastructure priorities and secures private sector investment. He was a founder and non-executive Chairman of Climate Change Capital from 2004-2015, an environmental asset management and advisory business that advised and invested in companies driven by the financial rewards associated with sustainable, low carbon growth. Prior to CCC, Mr. Cameron was Counsel to Baker & McKenzie and was the founder and the head of their Climate Change and Clean Energy Practice. He has spent much of his legal career working on climate change matters, including negotiating the UNFCCC and Kyoto Protocol, and has appeared in several of the leading cases in international and environmental law. Mr. Cameron has also served as an advisor, board member and chair on over 10 prominent climate change councils, projects, and institutes internationally.

Mr. Cameron has held academic positions at Cambridge, London, Bruges and Sydney and is currently affiliated with the Yale Centre for Environmental Law and Policy. He was educated at University of Western Australia, University College London (LLB), Queens' College, Cambridge (LLM), and Inner Temple (called to the Bar 1987).

Simon Irish, chief executive of Terrestrial Energy, commented on the appointment:

"The energy industry is at a crossroads created by fuel ecological impact and policy response. Terrestrial Energy's IMSR technology has game-changing ecological ramifications for the energy industry, and these require expert handling. Terrestrial Energy is therefore delighted to be working with Mr. Cameron. He is one of today's ecological and sustainability thought leaders, and will assist the Company with one of its core objectives: to demonstrate that Terrestrial Energy is a leading industrial energy innovator that is addressing the central problems of climate change and energy sustainability."

About Terrestrial Energy

Terrestrial Energy is developing a next-generation nuclear reactor based on its Integral Molten Salt Reactor (IMSR) technology. The IMSR represents true innovation in cost and functionality. It will offer reliable power solutions for electricity production, both on- and off-grid, and also energy for industrial process heat generation. These together extend the applicability of nuclear energy far beyond its current footprint. With this profile, the IMSR is capable of driving the rapid global decarbonization of the primary energy system by displacing fossil fuel combustion across a broad front. It is complementary to renewable power sources and ideal for distributed power systems on existing grids. Using an innovative design and proven Molten Salt Reactor technology, the IMSR can be brought to global markets next decade. Terrestrial Energy is currently developing its IMSR commercial demonstration power plant for deployment in Canada.

Terrestrial Energy will be represented at COP21 in Paris, France, the week of December 7, 2015. COP21 is the 21st Session of the Conference of the Parties to the United Nations Framework Convention on Climate Change. COP21 is the largest climate change conference to-date. Terrestrial Energy is proud to be taking part, and ensuring the rightful position of advanced nuclear technology as a significant agent of decarbonization. The Company is registered for the Sustainability Innovation Forum, which is an event organized by the United Nations Environment Programme. SIF15 is the largest side event of COP21, and the largest business-focused event at COP21. The Company's advisors are also engaged in various speaking engagements in the Generation Climat section, within Le Bourget.

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