GATINEAU, Que. - INCO LTD. has won a Leadership Award from CANADA'S CLIMATE CHANGE VOLUNTARY CHALLENGE AND REGISTRY (VCR Inc.) for displaying "extraordinary commitment, action, and leadership toward the voluntary reduction of greenhouse gas emissions". The Mining Sector award was given to Inco at VCR Inc.'s annual leadership awards ceremony, held on Tuesday night in Gatineau, Que.
"For the past decade we've been working hard to reduce greenhouse gas emissions through a program of energy conservation and awareness in our operations," said Inco chairman and CEO Scott Hand. "Our employees understand that wise energy use not only makes good business sense, but it also has a significant impact on greenhouse gas. They've done a great job and I want to thank them for their continuing commitment to this important objective."
Between 1990 and 2001, Inco reduced absolute emissions of greenhouse gases at its Canadian operations from 998 kilotonnes of equivalent carbon dioxide emissions to 919 kilotonnes of equivalent carbon dioxide emissions in 2001, a reduction of 79 kilotonnes or 8%. Canada's Kyoto Protocol target calls for a greenhouse gas reduction of 6% from 1990 levels.
Along with greenhouse gas emissions, Inco has also reduced its total energy consumption. From 1990 to 2001, Inco reduced its total energy consumption from 21,025 terajoules to 17,969 terajoules, a 15% reduction. These results were achieved even while Inco increased its energy consumption to meet other environmental regulatory requirements and operational changes.
Inco's report was submitted recently to VCR Inc. for evaluation where it received 96 out of 100 points, earning Inco the designation of a Gold Level reporter for the fourth consecutive year since 1999. Inco's Progress Report is available on VCR Inc.'s web site at www.vcr-mvr.ca.