Roger Kearns

International Trade Issues associated with cross border trade between Canada and the USA, particularly proposed tariffs. Industry specific concerns to mitigate the economic impact and protect Canadian interests. The treatment of plastics under CEPA and/or other regulatory mechanisms. The federal government’s approach to value-add in the energy sector, and ways this may impact the export of energy products to foreign markets. Tax Policy – we continue to pursue accelerated Capital Cost Allowance (CCA) to strengthen the viability of capital projects (eg. writing off / depreciation of existing assets). Rail Transportation - to mitigate the risks of reliability to rail service which is an important mode of product shipment, due to strikes or other similar events. Pursue eligibility of planned projects under the Technology Fund provision (precertification) of the Regulatory Framework for Air Emissions. Potential National Energy Board regulation of former NOVA Gas Transmission Limited pipeline, and consideration of how NGLs will be handled, and streaming of lean gas. Possible legislation to be introduced dealing with climate change; Regulatory Framework for Air Emissions – proposed changes to the Clean Air Act and the Canadian Environmental Protection Act (CEPA) regarding the impact of federal legislation on climate change and the competitiveness of the petrochemicals sector. Pipelines – federal oversight of pipelines through Canada and the handling of natural gas liquids (NGLs). NOVA Chemicals will be seeking proactive federal policy that recognizes the importance of value-add in the energy supply chain and accruing maximum benefits from energy resources and projects for the benefit of Canadians. Looking at government financial support for potential expansion of Canadian facilities. Immigration - measures or provisions of interest would be in reference to VISA applications. Continue to engage the Government of Canada re: forthcoming regulations governing Green House Gas (GHG) emissions, and air emissions other than GHG in the longer-term. Canada Transportation Act – NOVA Chemicals remains vigilant of provisions in the Transportation Act ensuring reliability and stability of rail service servicing NOVA Chemicals’ ethylene/polyethylene facilities, and co-products such as butane and propylene. Canada's policies governing GHGs and other emissions as it relates to petrochemical/chemistry facilities. Canada’s policies to incent more private sector investment in research and development to combat climate change. Overall investment climate for petrochemicals in Canada versus competing jurisdictions.