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ENVIRONMENT, HEALTH AND SAFETY ARC has a long-standing tradition of leadership in all of its business and operations activities. ARC has consistently maintained a disciplined approach in environmental, health and safety issues and remains committed to operating in a socially responsible manner. ARC participates in the Canadian Association of Petroleum Producers (“CAPP”) Stewardship Program. CAPP defines stewardship as “analysis, planning, implementation, measurement and review of social, environmental and economic performance”. ARC is committed to CAPP Stewardship reporting at the platinum level, which is the highest reporting level and involves third party audits of ARC’s reporting. ARC continually enhances its processes for reducing greenhouse gas emissions. ARC is also registered with, and reports to, the National Pollutant Release Inventory (“NPRI”), which is a federal initiative to capture information on the releases and transfers of key pollutants in communities across Canada. NPRI is emerging into a source of information to the public for corporate environmental performance. ARC effectively manages its liabilities through abandonment and

reclamation of facilities, wells and leases. ARC maintains a reclamation fund to ensure that required funds are available for future reclamation of wells and facilities once they have reached the end of their economic life. ARC contributed $6 million to its reclamation fund in 2004. In 2004 ARC introduced an updated health and safety policies and procedures manual that includes new regulatory requirements. As our operations staff expands, ARC ensures that all new employees understand the significance of operating in a safe and reliable manner. ARC conducts emergency response training on a regular basis in all of our operating fields to ensure a high level of response capability from staff in challenging situations. ARC has also held its first annual consultant’s health and safety workshop. This workshop addressed individual responsibilities, changes in regulatory requirements, and changes to ARC’s programs. ARC’s environmental, health and safety mandate and its community involvement is explained in more detail on its website at www.arcenergytrust.com.

ARC CONDUCTS EMERGENCY RESPONSE TRAINING ON A REGULAR BASIS IN ALL OF OUR OPERATING FIELDS TO ENSURE A HIGH LEVEL OF RESPONSE CAPABILITY FROM STAFF IN CHALLENGING SITUATIONS.

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ARC ENERGY TRUST

2004  

Annual Report

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