FOR: TALISMAN ENERGY INC.
Talisman Energy Joins WRI and Partners to Launch Aqueduct Alliance
AUG 19, 2011 - 18:12 ET
CALGARY, ALBERTA--(Marketwire - Aug. 19, 2011) - Talisman Energy Inc. has joined with the World Resources Institute (WRI) and several other partners to launch the Aqueduct Alliance. The aim behind the Alliance is to assess and respond to increasing water risk globally by creating a global database of water risk information.
The consortium includes leading water experts from the private and public sectors, NGOs, and academia. Founded by WRI, Goldman Sachs and General Electric, the alliance has added Bloomberg, The Dow Chemical Company, Talisman Energy and United Technologies. The Coca-Cola Company is also engaged and will be providing an extensive global database of once proprietary water risk information to support Aqueduct's work.
"We are very excited to have been asked to become the oil and gas sector sponsor for the Aqueduct Alliance. Talisman understands and recognizes the need for water conservation and protection in our global operations," says Sandy Stash, Senior Vice-President Health, Safety, Security, Environment and Operational Assurance at Talisman Energy Inc. "Talisman aspires to a water management strategy that defines best practices for water withdrawal, reuse, disposal and conservation in our North America shale gas operations. Our goal is to become the industry leader in water management."
The Aqueduct Alliance database will enable companies, investors, governments, and others to create water risk maps with an unprecedented level of detail and resolution. The maps generated combine advanced hydrological data with geographically-specific indicators that capture the social, economic, and governance factors that affect companies and economies. This publicly-available and transparent database will inform private sector efforts to reduce its water footprint in high risk areas, and create dialogue between a range of stakeholders to more equitable, efficient, and sustainable water resources management in water-stressed basins.
Talisman Energy Inc. is a global, diversified, upstream oil and gas company, headquartered in Canada. Talisman's three main operating areas are North America, the North Sea and Southeast Asia. The Company also has a portfolio of international exploration opportunities. Talisman is committed to conducting business safely, in a socially and environmentally responsible manner, and is included in the Dow Jones Sustainability (North America) Index. Talisman is listed on the Toronto and New York Stock Exchanges under the symbol TLM. Please visit our website at www.talisman-energy.com.
For further information:
FOR FURTHER INFORMATION PLEASE CONTACT:
Talisman Energy Inc.