(R)Evolution 2009-2050: Transforming Energy

Managing Alberta carbon exposure $M $250 $200 69 $150 $100 $50 $/tonne $100 CPC Alberta Emissions Expense¹ Carbon Offset Savings .....Carbon Price 2 40 $80 $60 $40 164 116 $20 4 3 24 17 50 $0 2023E 2024E 2025E $0 2022E Physically reducing emissions supplemented with low-cost offsets protect and enhance asset value 1) Assumes TIER regulation maintained, federal benchmark stringency requirements (under the Greenhouse Gas Pollution Pricing Act) maintained through 2025 at 0.37 tCO2e/MWh 2) Assumes carbon price of $50/tonne in 2022 and increasing by $15/tonne each year thereafter to $170/tonne in 2030 21

View entire presentation