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News Release

EnCana gives $1 million lead gift for UC Denver Business School


EnCana

Suite named in company’s honor will house the Global Energy Management program

DENVER (June 25, 2009) – A $1 million gift from EnCana Oil & Gas (USA) Inc. was announced last night at the “Make Your Mark” event for the Business School at the University of Colorado Denver. The event, attended by local business leaders and entrepreneurs, offered a sneak peek at the school’s new building located in the heart of downtown Denver. EnCana, a Canadian corporation with its U.S. headquarters in Denver, is the largest producer of natural gas in North America. This innovative company has long been a close ally and partner of UC Denver’s Business School beginning with the initial development of an energy accounting course in 2006, followed by the development and launch of the school’s new Global Energy Management (GEM) degree, which enrolled its first students in January 2009.

 

The company’s $1 million gift is a lead gift toward the initial renovations of the new Business School building at 1475 Lawrence St. in downtown Denver, and the school plans to honor EnCana’s generosity through the naming of the Global Energy Management suite where the GEM program will be located in the new facility. The gift was facilitated by the University of Colorado Foundation.

“This gift allows the GEM program to have a permanent home in the new Business School building,” said Sueann Ambron, dean of the Business School at UC Denver. “With this building, we have the opportunity to bring all of the Business School’s programs, students, faculty and staff under one roof. As well, the location of the building will promote the school’s position as a source of business talent, innovation and collaboration for businesses throughout the region, helping to grow local businesses and thus, create jobs. EnCana’s partnership with the school and the GEM program is an example of the collaborations that support business growth in Colorado.”

“The Global Energy Management program has already demonstrated its value to EnCana and the needs of its workforce. But, more importantly, having this program in our community has broad implications for Denver as a center for energy education, policy and research. The Global Energy Management program will help attract and retain business and employees in the energy sector for years to come,” stated Don McClure, vice president of Government, Stakeholder Relations and Legal for EnCana Oil & Gas (USA) Inc. “This gift benefits the community as a whole in advancing Denver’s role in higher education focused on energy.”

EnCana’s gift also includes sponsorship and development of an “Annual Energy Forum” at the Business School. The annual forum will bring in speakers and special guests to address pressing issues in the energy industry to encourage collaboration and dialogue among industry, the university, elected officials and special-interest groups.

“The Rocky Mountain region is a key hub of energy activity in the nation,” said John Turner, director of the GEM program at UC Denver’s Business School. “EnCana was one of the first businesses to partner with the Business School to develop specialized courses to fill a need, and then later partnered to create an innovative master’s program to develop entrepreneurial leaders for energy companies as current executives look to retire in the next five years.” 

Working together, the UC Denver Business School and the GEM advisory board, made up of executives from energy companies (including EnCana) and government, developed a master’s-level curriculum to deliver the specific education and skills that industry representatives desire from their future leaders. GEM is designed to equip future leaders and managers of the energy industry with the tools needed to find creative solutions to the issues faced by conventional (oil, gas, coal), nonconventional (oil sands, shale), alternative (nuclear, coal gasification) and renewable (solar, wind, biofuels, etc.) energy sources.

Denver, as a city, has demonstrated repeatedly that much can be accomplished through public/private partnership. EnCana’s collaboration with UCD’s Business School is another successful example of what can be accomplished when the public and private sectors work together.

With an enterprise value of approximately $40 billion, EnCana is a leading North American unconventional natural gas and integrated oil company. By partnering with employees, community organizations and other businesses, EnCana contributes to the strength and sustainability of the communities where it operates. EnCana common shares trade on the Toronto and New York stock exchanges under the symbol ECA.

Located on the University of Colorado Denver’s downtown campus, the Business School is the largest accredited graduate school of business in Colorado with more than 20,000 alumni. The school serves more than 1,200 graduate students and 1,400 undergraduate students each year. Students and faculty are involved in solving real-world business problems as they collaborate on more than 100 projects with area businesses every semester through classroom work, guest lectures and research projects. Located in Denver on the Downtown Campus and on the Anschutz Medical Campus in Aurora, Colo., UC Denver offers more than 100 degrees and programs in 13 schools and colleges and serves more than 28,000 students. .

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