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Emera Inc.
("Emera") of Halifax, Nova Scotia and Canadian Imperial Venture Corp. (the
"Canadian Imperial") of St. John's, Newfoundland announced today that they have
agreed to pursue, jointly, certain energy-related business opportunities in
Newfoundland and Atlantic Canada. Areas of focus include businesses related to
Canadian Imperial's production activities in Western Newfoundland, energy
industrial parks in Newfoundland and the application of ship-based compressed
natural gas transportation systems in Atlantic Canada.
The joint activities will be managed by a committee consisting of Mr. Wayne Rousch, Senior Vice President Business Development of Emera and Mr. Steven Millan, Chief Executive Officer of Canadian Imperial.
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